Try 1 month for 99¢

SCHERERVILLE - Fashion Bug, a 9,000-square-foot women's apparel store, is

the third tenant for The Crossroads Shopping Center, an official announced

Tuesday.

Fashion Bug joins previously announced tenants Wal-Mart and Omni Superstore.

Omni, a subsidiary of Dominick's Finer Foods, is similar to Cub Foods, but

it serves a higher end of the market than the typical discount food store, said

John Pope, vice president of Rosewood Property Co., which is developing the

shopping center.

The Omni store is Chicago-based Dominick's first entrance into the Northwest

Indiana market.

"It's actually an extension of the Chicago market," said Hal Raiman, vice

president of real estate for Dominick's. "We evaluate any new market."

He said the corporation chose to build an Omni at the Schererville site

rather than at another shopping center because of The Crossroads' high traffic

potential.

The Crossroads has ready access to about 226,000 potential customers within

a seven-mile radius, according to Pope. Over the last three years,

Schererville's residential growth has been in the top 10 percent of all

communities in the Chicago metropolitan area.

He said there may be future Omni stores in Northwest Indiana, but there are

no immediate plans.

Dominick's has eight Omni stores open now, with plans for another six to

open within the next year. Raiman wouldn't give the locations of the other new

Omni stores, but he indicated the corporation is considering the south suburbs.

The Crossroads will include a 114,557-square-foot Wal-Mart store, Omni's

86,000-square-foot store and several other retail stores yet to be announced.

The Crossroads, at U.S. 41 and U.S. 30, is 82 percent pre-leased, Pope said.

But final details are still being worked out, so it will be another month

before any more tenants are announced, Pope said.

About 30 retail stores are expected to occupy the $21 million,

260,000-square-foot shopping center. The stores should have aggregate sales of

more than $75 million per year, Pope said.

Wal-Mart plans to open in December, with Omni and other stores opening in

the spring of 1991.

0
0
0
0
0