Leases signed for Dickinson Hills Shopping Center
It's been a long time coming, but the Dickinson Hills Shopping Center has finally secured the leases to four businesses—Hobby Lobby, T.J. Maxx, Shoe Department Encore and Dollar Tree—leaving only the city's approval of $1.3 million for a road extension as the last hurdle to be overcome before these businesses can move in.
For Brian Hymel, partner with Five Diamond, the Draper, Utah-based developers responsible for securing the lease, this is a major step toward a future hub of commercial investment.
"This is just a small part ... it's a little less than 10 percent of the overall site," Hymel said in a phone interview. "We have a tremendous amount of room to continue to grow, and I believe that as this gets built and realized we'll continue to see more and more tenants coming in and wanting to participate in the development."
The city had previously agreed to provide $1.3 million for a road extension provided Five Diamond secure the aforementioned leases by a certain deadline—a deadline Five Diamond did not meet. They apologized to city commissioners November of last year, where they said some of the promised leases had been secured and others were being worked on.
Now all the leases promised are in, and on Feb. 19 the City Commission will take up the question of providing funding for the road extension.
"Procedurally the only real caveat at this point is the completion of the funding for that road," Hymel said. "And so as long as that progresses, then it's pretty much smooth sailing from there. Everything's kinda tied back to that."
In an email statement Hymel said:
"We are working with the City through this critical part of the project and anticipate its competition prior to our contract deadlines tied into the leases. Our next public meeting will be 2/19/19. We are continuing to progress the design and engineering requirements that will allow us to begin construction spring of this year,' Hymel stated. "We are excited to bring this project to Dickinson and look forward to bringing more retail, restaurants, and services to the community as the project continues to develop."
Hymel said that the city has been "great to work with."
The current leases represent 96,000 square feet on just over 12 acres. Hymel said that as the project continues to progress they anticipate growing an additional 50,000 square feet in the "near future for this site." Overall development includes an additional 70 acres with 18 lots.