“Based off the projected sales for this store (that would move into the Kmart building), as well as (the store that will move into) Shopko, we believe Quincy’s retail climate will be bigger than it ever was.” All of our conversations have been extremely positive. “Some might argue that we’re at the 8-yard line. “If we were at a football game, we’re definitely at the 10-yard line and it’s first down,” Troup said. How close is the finalization of the deal with the big box retailer? None of these guys are telling us, ‘Yeah, we have XYZ signed and ready to go.’ ” Even with the restaurants … gee, is it Red Lobster? Is it Chick-fil-A? Everybody keeps throwing out the same names. They can’t … well, they won’t say who it is. “There’s a lot of confidentiality with retailers. Based off the projected sales for this store (that would move into the Kmart building), as well as (the store that will move into) Shopko, we believe Quincy’s retail climate will be bigger than it ever was.”Īsked if Target, the eighth-largest retailer in the United States, was going to move into the former Kmart building, Troup said, “We don’t know for sure. Some might argue that we’re at the 8-yard line. “If we were at a football game, we’re definitely at the 10-yard line and it’s first down. He said $20 million would be spent to make improvements to the parking lot and to the northeast corner of the building.

They’ve gone through all the hoops that have been required of them.” “They had to do a traffic study … and do some other things. He thought the announcement was going to be made before Christmas. He said he expects the big box retailer to announce a decision in late January or early February. “One likely would be some kind of medical office building, and there’s probably some other restaurants,” Troup said. He also said plans call for at least three other buildings to be built on the property. Troup said the big box retailer interested in the Kmart building has plans to tear down the former Ruby Tuesday restaurant at 3601 Broadway and replace it with another restaurant that offers drive-up food. In other words, they don’t know who yet, but they think with the traffic it’ll be a good, good location.” They want to put either a restaurant or something like a medical office building. “They asked us to subdivide the lot … and a different developer has bought that. “I don’t know who bought it, but (the ShopKo building) has been sold,” Troup said. The City Council voted in late November to subdivide the ShopKo lot into two parcels, creating the possibility for new commercial use. QUINCY - Quincy Mayor Mike Troup says the ShopKo property at 3200 Broadway has been sold, and negotiations are nearly complete for a big box retailer willing to spend $20 million to renovate and occupy the former Kmart building at 3701 Broadway.

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