By Vic Kolenc / El Paso Times / Posted: 08/30/2015 12:00:00 AM MDT
A healthy El Paso retail market is keeping Mimco busy.
Mimco, one of two large El Paso shopping center developers, this year completed two, 100,000-square-foot shopping centers on opposite sides of the El Paso metro area; it recently broke ground on a 35-acre, 200,000-square-foot strip center at McCombs Street and U.S. Highway 54 in Northeast El Paso and it soon will begin construction on a 19,000-square-foot center at Upper Valley and Artcraft Road on the West Side, said Bob Ayoub, Mimco president.
It plans to begin redevelopment late this year on a portion of the Cielo Vista Apartments complex for a small center along Airway Boulevard near Edgemere Boulevard in East Central El Paso.
“Our market is strong. Housing growth is good, and unemployment is low,” Ayoub said. New retailers are coming in to the market and existing ones are expanding, he said.
The new, 100,000- square-foot Paseo del Norte Plaza at Interstate 10 and Artcraft on the West Side is anchored by a dd’s Discounts store, part of the company operating the Ross Dress for Less discount clothing chain, and a Fallas discount clothing store. dd’s has one other El Paso location, also in a Mimco center in the Lower Valley. Los Angeles-based Fallas has eight stores in El Paso, and two in Las Cruces.
The 100,000-square-foot Eastlake Crossing shopping center at Eastlake and Darrington streets in Horizon City is anchored by a Household Furniture, a small, El Paso chain. A Pet’s Barn, also an El Paso chain, a Pockets Billiards, a growing chain operated by a Juárez company, and several other small stores.
River Oaks Properties, El Paso’s other large shopping center developer, has several shopping center projects in the works. Last summer, it announced a five-year, $200-million plan to build about 2 million square feet of mostly retail space in strip shopping centers in El Paso.
This summer, it opened the new, $45 million, 250,000-square-foot North Hills Crossing shopping center at Martin Luther King and U.S. Highway 54 in Northeast El Paso. It’s anchored by a Walmart Neighborhood Market food store.
More information: mimcoinc.com; ropelpaso.com
Vic Kolenc may be reached at 546-6421.