Former Kmart location fully leased
After a year of renovations, The Village at Kimball Junction, the site of a former Kmart store, has no vacancies.
O’Brien Kiernan Investment Company, a San Francisco-based real estate development and investment firm that has owned the property since it opened as a Kmart in 1992, has remodeled and leased the space to a mix of seven local and national businesses.
Randy Sperring, CEO of O’Brien Kiernan Investment Company, said the Kmart closed in 2003 and the warehouse space was leased to Home Depot for a year. After Home Depot decided not to open a store at left the site, the investment company applied for permits and started renovating the building.
"It was completely gutted and a new facade was put on the front of the building so it went from one storefront to three new storefronts and on the south side of the building 10,000 new square-feet was added to it," he said.
Linen-N-Things, the last business to open in the original warehouse space, held a grand opening last week. Nikki Dahl, bedding manager, said this is the second location for Linens-N-Things in Utah. The first Linens-N-Things opened in Sandy.
"We just want to be successful," she said. "It was great coming up here into this new environment."
T.J. Maxx, a national name brand discount retailer, opened on Aug. 7. Cost Plus World Market, a home furnishings and imported gourmet food chain, opened at the end of June. The newer portion of the complex is now leased to Black Diamond Gymnastics and Sports Center, which opened on Oct. 6, and Starbucks, which opened on Sept. 30. Two new ventures, Bajio Grill and Rhinebecks, will open later this season. "It basically went from one storefront to seven storefronts," Sperring said. At 15,000-square-feet, the Black Diamond Gymnastics facility triples the size of its former location in the Silver Creek Business Park. Katy Heddens, owner of Black Diamond Gymnastics and Sports Center, said the new location provided room for a loose-foam pit and expanded trampoline training area. She said there are private classrooms for after-school enrichment programs and two-way mirror observation areas. "We can have a larger audience of children, we can service a wider age group and the parents can walk across the parking lot to the Redstone plaza and never have to drive anywhere for dinner and a movie," Heddens said. She said the new location also provides convenient access between the gym and the Utah Olympic Sports Park for training athletes. The final two store spaces, which are still in the remodeling stage, have been leased to new local businesses Bajio Grill and Rhinebecks.
Kelly Stahl, owner of Mountain Woods on Main Street who will be opening Rhinebecks, said the new store will be a sister store to Mountain Woods.
Stahl said Rhinebecks will carry home accessories made by local artists and ski country antiques such as old toboggans made into shelves, sleighs converted into coffee tables and skis built into coat racks.
Stahl said she hopes to expand local sales by opening the Rhinebecks in The Village at Kimball Junction.
"We thought we were missing out in a big market in the area," she said.
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The Summit County unemployment rate dropped slightly in October, the state Department of Workforce Services reported.