Portions of the South Sound Center on Sleater-Kinney Road are being demolished this week as Capital Development Company prepares to upgrade the property with a new Target store.

Capital Development, owned by Bob Blume, and Target have yet to close the land deal for the store, but the store itself is slated to be a 125,400 sf. It is scheduled to open in July 2001 and will be the new anchor of the mall.

If Target Corp. doesn’t begin building its 125,000-square-foot store in South Sound Center by late September, however, it may have to delay opening the store until October 2001. Target’s policy is to open stores in March, July or October, the months that precede peak shopping seasons — spring, back-to-school and Christmas.

Target is seeking to buy 10 acres from the mall’s owner, Capital Development Co., but must first wait for Capital Development to buy a 3-acre parcel from Ira Grant, who owns a neighboring Texaco station. A small portion of Grant’s property extends into the area where the store would be built, and the pending deal between Grant and Capital Development is the main holdup at this point.

The new Target will replace space once occupied by Nordstrom. The floors and ceilings of the old mall space contain asbestos. Workers packaged the asbestos and transported it to a licensed disposal site. Concrete salvaged from the subsequent demolition will be used as fill for the Target site.

Meanwhile, other South Sound Center retailers are concerned customers won’t know they are open during the redevelopment, according to reports. Target and Capital Development say they plan to continue meeting with area business owners to address concerns that come up during construction. Access will remain open at Sixth Avenue.

The store will be sandwiched between Mervyn’s and Sears. Dayton Hudson Corp., Target’s parent company, also owns Mervyn’s.

The Lacey store will be the second Target in the area. The store will employ 140 people, two-thirds of whom will work part-time. Target has about 950 stores nationwide and opens an average of 85 a year. Target also plans to open a 123,000-square-foot store in Gig Harbor in October 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.