It has been over a year since the residents at the apartment complex Metro 112 started to move in, and still none of the retail space is occupied. With over 20,000 square feet available, which allows for 7 – 9 tenants, the building’s retail spaces are getting quite lonely.
Metro 112 houses 299 apartment homes at the intersection of NE 4th St & 112th, of which over 80% are occupied. You would assume this might be an attractive audience for potential retailers, no? So why hasn’t any retailer taken a chance on Metro 112 yet? A possible concern is that there is hardly any foot traffic going by, like there is closer to the Downtown core. There are, however, many cars passing by every day, as well as easy access to the freeway. In addition, there is ample parking for residents and retail patrons.
It’s hard to pinpoint why there aren’t retailers flocking to the building, but the fact is that they aren’t. What would you like to see go into Metro 112? Here’s a list of some ideas that might be a good fit: dentist, café, convince store, niche retailer.
If those don’t work, maybe another Subway or Starbucks? 😉
