having capital when others don't and when others are under duress is
a terrific way to make outstanding retail investments.
>
> Wow, MM is busy these days...
>
>
> --- In AsburyPark@yahoogroups.com, "oakdorf" <oakdorf@> wrote:
> >
> > in minneapolis:
> >
> > Capital Growth Madison Marquette has signed on to a Paul Bunyan-
> sized retail development
> > in Bemidji.
> >
> > The Minnetonka commercial real estate firm will develop Pinnacle
> Village through a joint
> > venture with Bemidji businessman Harry Takhar, who has been
trying
> to get the 60-acre
> > retail center off the ground for several years. The $50 million
> project will be located at the
> > intersection of Highways 2 and 71.
> >
> > Pinnacle Village will be one of the largest retail centers in
> outstate Minnesota. Bemidji has a
> > population of just more than 13,000, but the developers expect
to
> draw from a population of
> > nearly 140,000 within a 60-mile radius and the roughly 7.8
million
> travelers that visit the
> > area each year.
> >
> > The first phase of the project will span 460,000 square feet,
> including a 170,000-square-
> > foot big-box retailer and a 115,000-square-foot outlet center.
> Groundbreaking is scheduled
> > to start in spring 2008 with completion targeted for the
following
> spring or summer.
> >
>
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