Friday, January 9, 2009

Pacheco Plaza renovations continue as hunt for anchor gets close

According to the Marin IJ, the owners of Pacheco Plaza are close to announcing the new anchor tenant of their refurbished Ignacio shopping center, and if the reports are true, it looks like it's going to be "one of the best upscale markets in the Bay Area".

But which grocer will it be? Woodland Market? Andronicos? Mollie Stones? Or maybe the Boardwalk Market that is scheduled to lose its Tiburon lease in 2 years? A few other potential candidates not already in Marin are Draegers, Bristol Farms, Napa's Oakville Grocery perhaps?

There are plenty of candidates but also plenty of hurdles to get over before that lease is signed. The biggest Safeway in the county has recently opened half a mile away at Hamilton, and the county's biggest Whole Foods is under construction in Novato. Oh, and we're also in the middle of the biggest drop in consumer spending in living memory.

But let's hope a deal gets done and the owner's investment in upgrading the Plaza pays off.

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