Hobby Lobby, HomeGoods coming to Cedar Rapids
Kmart plaza will be remodeled, house new stores
Several prominent national retailers will be anchoring Collins Crossing, the renovated and renamed shopping center that currently houses Kmart and other retailers in northeast Cedar Rapids.
RCG Ventures of Atlanta, Ga., the owner of the 150,000-square-foot retail complex, has signed leases with Hobby Lobby, HomeGoods, Fresh Market and Shoe Carnival. Other retailers likely will be signed for remaining smaller spaces by the time remodeling is completed in the fall of 2014.
Kmart is closing its 43-year-old store in mid-December after RCG Ventures would not renew the chain's lease. The Iowa Department of Transportation is pursuing another location for its 7,000-square-foot driver's license station.
Michelle Chism of CEC Entertainment, owner of Chuck E. Cheese's, said the Cedar Rapids restaurant and entertainment complex next to Kmart closed on Sunday.
"We were unable to execute a new lease at that location," Chism said. "Chuck E. Cheese’s is committed to the Cedar Rapids community and is actively pursuing sites for relocation that could open as early as 2015."
Wildlife Habitat, 166 Collins Rd. NE, will be moving in early 2014 to 4021 Center Point Rd. NE. Owner Dan Waltz said he was offered an opportunity to relocate within the shopping center, but with higher monthly rent.
Cost Cutters, 156 Collins Rd, NE, closed around the first of this month and Red Wing Shoe Store, 160 Collins Rd. NE, is moving to The Fountains retail and office complex at Blairs Ferry and Edgewood roads NE in early January.
Video Games Etc of Dubuque will be moving from the front of the shopping center to a 2,400-square-foot space adjacent to Shoe Carnival on the east side of the property.
Hobby Lobby, the Oklahoma City, Okla.-based arts and crafts retailer, will have a 57,679-square-foot store facing Collins Road NE. The privately-owned company, with locations in Bettendorf, Coralville, Dubuque and Waterloo, operates more than 570 stores across the nation that average 55,000 square feet and offer more than 67,000 crafting and home decor products.
HomeGoods, owned byThe TJX Companies of Framingham, Mass., will have a 25,000-square-foot store in Collins Crossing. The retailer offers off-price home fashions, such as giftware, home basics, table-top, accent furniture, lamps, rugs, bath and bedding, decorative accessories, children's furniture, seasonal merchandise, and wall décor.
HomeGoods operates 415 stores nationwide, but does not currently have a store in Iowa.
Greensboro, N.C.-based The Fresh Market has 144 stores and operates in 26 states. The Collins Crossing location will have just over 24,000 square feet of space offering what the gourmet supermarket chain boasts as a mix of organic and local fresh, quality foods.
The Fresh Market in Collins Crossing will be the company's first store in Iowa, part of its Midwest expansion plans.
Shoe Carnival, an Evansville, Ind.-based family shoe retailer, will have a 15,000-square-foot store in Collins Crossing. The publicly-owned chain, which opened a location earlier this year in Dubuque, operates 378 stores in 32 states and Puerto Rico.
Erin Rabe of RCG Ventures was unable to provide a specific timeline for the remodeling of the shopping center. Rabe said construction will begin shortly after the first of the year and all retailers are expected to be open by the fall of 2014.
The remodeling of the shopping center will permanently displace some smaller stores. RCG Ventures shows five spaces available for lease on its Collins Crossing website.
RCG Ventures does not own the retail buildings on the perimeter of the shopping center that house Great Harvest Bread Co., Happy Joe's Pizza and Wendy's.
The Collins Crossing project will commence as Lindale Mall wraps up a major 14,600-square-foot expansion and remodeling project on the Collins Road side of the 53-year-old retail complex.
The last expansion at Lindale occurred in 1996-1997 when a three-phase, $15 million project began with a 500-stall parking ramp at the west end of the Collins Road side of the mall. The sec0nd phase involved a 56,000-square-foot addition that included a 500-seat food court and six new retailers.