The 265-acre mixed-use Park Place development in Tiffin will have its first big commercial tenant later this year. Fleet Farm will be built on a 25-acre site acquired by a developer off Park Road and south of the Forevergreen Road interchange coming to I-380. The project includes a convenience store, car wash and a multi-line retail store that alone will cover about four acres.
The Ders Group, developer of the Park Place development, expects Fleet Farm to hold a groundbreaking later this month, according to co-owners Alex and Nick Andersen. With sales volume typically totaling $2 million per week, they say the store will be a major traffic generator, and they expect to announce more retailers coming to the development later this year.
“Really, the goal is to create that all-in-one destination, where you show up and there’s everything you could need or want to do,” Alex Andersen said.
The development will include a mixed-use area surrounding a two-acre park, Andersen Square City Center, a multifamily building cluster called Aster Village, and single-family residential lots where the first half-dozen homes have already gone up.
Veritas Church, the first occupant of Park Place, has grown quickly and recently acquired six acres for expansion, Nick Andersen said. Tiffin is Iowa’s fastest growing city. Fleet Farm recently announced it is developing a store in Waukee, the second-fastest growing city in the state.
Article by the Corridor Business Journal: https://myemail.constantcontact.com/CBJ-Real-Estate-Report.html?soid=1102751454250&aid=0qdxWmlQKjs#C