Easy go, easy come
The Spotted Frog and Sisters Boutique are gone from Redstone Plaza in Kimball Junction, but three new businesses are already occupying the spaces.
Cake Boutique, open since July 1, is in the west side of what was the Spotted Frog. Beadniks, a bead store, will open late September in what was Sisters Boutique, and Color Me Mine, a ceramic painting store with adjoining Indigo Café will open soon in what was the east side of the Spotted Frog.
Scott Verhaaren, a partner with the Boyer Company that handles the leases in Redstone, said the turnover is quite common and the speedy transition to new merchants is an indication of the success of the plaza.
The average is about a 5 percent turn-over of Gross Leasable Area, and often the changes have more to do with retail trends than how well a business is run, he said.
"It’s always great if everyone’s business is healthy and they stay in center as long as they can, but we understand that that’s likely not going to happen," he said.
The Boyer Company anticipates a certain amount of turnover, and landowners will see very different tenants every 10 to 15 years as consumers’ needs and desires change, he said.
The fact that such a large change was made this summer, is due to when the leases expired, he said.
Tom Richardson, co-owner of Beadniks with his wife Terri Cook, are excited to get into Redstone Plaza and believe all three new businesses will draw more of the family clientele that already goes to J.W. Allen and Sons toy store.
"We saw it as a unique opportunity and are excited about Kimball Junction and Redstone," Richardson said.
He believes Kimball Junction holds more potential for retail growth than the Main Street area of Park City. In fact, he tried to get a spot in Redstone three years ago, but ended up opening in the Salt Lake Valley.
Carole Duh, long-term employee of Rocky Mountain Baskets a little to the west, said it’s always good to get new stores along the strip because it increases its diversity. She was sad to see the Spotted Frog go, but said new stores create new interest and activity in the area.
The nearby Newpark Town Center is also anticipated to draw more shoppers.
Verhaaren said retail usually draws shoppers to neighboring retail, so the more the better.
Richardson said he’s excited about the bowling and Best Buy going in at Newpark that will attract families to Redstone Plaza.
Duh agreed that foot traffic to any business in the neighborhood usually spills over to her area and she is optimistic about the coming months.
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Park City Mountain Resort owner Vail Resorts in early June submitted a letter to the Park City Planning Commission in support of a Provo developer’s blueprints for a major project at the resort.