Leaders hope Target store will revive prospects for shopping center and area
By Mark Prado, Marin Independent Journal | Sunday, May 1, 2016
With the announcement of retail juggernaut Target as a new tenant, there is hope again for the Marin Gateway Shopping Center to bring jobs, revenue and energy to Marin City and Southern Marin.
“Target will be the centerpiece of a redevelopment,” said Terrence Tallen, as he strolled the center last week, discussing plans for the future. He is partner and principal with the Southern California-based Gerrity Group, which owns Gateway.
“Everyone is stoked about Target. People are thrilled. I would call this a game changer,” he said.
The center is 82 percent occupied. Tallen said he thinks the center’s storefronts will be fully occupied in two years — and a destination for shoppers and the community.
Target signed a lease two weeks ago to put a store in Gateway in the building previously occupied by Best Buy, with a goal of opening by March 1, 2017.
The new store will be one of Target’s smaller “flexible format” customized stores that cater to the clientele of the area, Target officials said. Target stores — such as those in Novato and San Rafael — operate in larger spaces of at least 130,000 square feet.
Target promises groceries, something the community lacks in the immediate area. The store also will bring more than 100 new jobs, Tallen said.
“You will have well-priced, healthy food,” Tallen said. “It will fill a lot of other categories, too. We look at this as a catalyst to propel this into a first-class shopping center.”
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