The Costco rumor mill cranks up again | Arkansas Blog

Monday, May 16, 2016

The Costco rumor mill cranks up again

Posted By on Mon, May 16, 2016 at 10:34 AM

COSTCO DREAMING AGAIN: It's only rumor at this point, but talk is circulation about the potential for a Costco at the site now occupied by Sears, which closes in July.
  • COSTCO DREAMING AGAIN: It's only rumor at this point, but talk is circulation about the potential for a Costco at the site now occupied by Sears, which closes in July.

Put this on your real estate watch list: A rumor that the Sears store at 600 S. University, which is to close in July, may be succeeded by an outlet of Costco, the warehouse retail chain.

I only know this much: Jeff Yates, a Little Rock real estate man who represents Little Rock Medical Associates, owner of the Sears parcel, said the New York investment group that owns this and several adjacent buildings, has been looking at options for the property. No deal to announce.

I've reported before that Costco has scouted  Little Rock for sites for some time, including one at the northwest corner of Highway 10 and Interstate 430. That didn't work out because of resistance from owners of the residential property.

The Sears property would present no such obstacle. It's already a retail site, it's at a freeway exit and it's close to the Park Avenue, Park Plaza and Midtowne shopping centers — a major retail hub, apart from whatever problems Sears might have had.

Costco needs lots of parking and a price that its thin margins can justify.


Tags: , , , ,

From the ArkTimes store

Favorite

Comments (14)

Showing 1-14 of 14

Add a comment

 
Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Max Brantley

  • Radical government: The Obamacare repeal

    Apart from the damage that pending Republican legislation will do to millions of American in terms of lost health insurance, it represents conservatives' long-sought upending of the Medicaid safety net for 74 million poor, disabled and elderly (Medicaid pays for most nursing home costs).
    • Sep 22, 2017
  • Legislators must give testimony in Fayetteville rights case UPDATE

    Interim word from the hearing in Circuit Court in Fayetteville in which the ACLU and others are challenging the constitutionality of the state law that prevents cities from adopting civil rights ordinances to protect gay people.
    • Sep 21, 2017
  • Thursday's open line and the afternoon roundup

    The open line and the daily roundup of news and comment.
    • Sep 21, 2017
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

  • ASU to reap $3.69 million from estate of Jim and Wanda Lee Vaughn

    Arkansas State University announced today plans for spending an expected $3.69 million gift in the final distribution of the estate of Jim and Wanda Lee Vaughn, who died in 2013 and 2015 respectively.
  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.
  • The inadequate legacy of Brown

    LRSD continues to abdicate its responsibility to educate poor black students.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation