FREMONT — Target has set its sights on opening a second Fremont store, although it wouldn't be at the location originally pursued and the plan could result in the closure of its Newark store, city officials said.
The big-box retailer is slated to become the anchor tenant for an expansion of the Pacific Commons shopping center, which also would include a 16-screen movie theater operated by Cinemark.
The Target, which would sell groceries, is scheduled to open in October 2011, with the theater and other shops opening in the following months, said Sandy Berry of Cornish & Carey Commercial, the commercial real estate firm seeking tenants for the proposed development.
While a new Fremont store isn't expected to imperil the existing Target at the Fremont Hub Shopping Center, the long-term future is uncertain for the two-story Newark store at NewPark Mall, said Terrance Grindall, Newark's community development director.
Target, which owns the Newark site, generally has been moving away from two-story stores and mall locations, Grindall said. But, given that Target would have to sell the Newark site or find a new tenant for the building, Grindall didn't expect the store to close anytime soon.
Target officials wouldn't confirm plans for a second Fremont store or comment on the future of its Newark location.
The proposed Pacific Commons expansion would provide the shopping center with more than 1 million square feet of retail space just south of Auto Mall Parkway, cementing it as Fremont's largest shopping center and one of its top sales-tax generators.
Berry said she expects as many as 20 retailers to sign leases for the development, and hopes to lure several national clothing chains, many of which would be new to Fremont.
"I'm not saying it won't be difficult," Berry said of leasing out the development given the struggling economy. "But I think we are starting to see tenants coming out of the doldrums, and we've had some positive responses about Pacific Commons."
Target, which doesn't have a store in Milpitas, started looking at Pacific Commons after financing fell through for Creekside Village, a proposed Fremont shopping center closer to the Milpitas border.
That project, slated for Dixon Landing Road just south of Interstate 880, likely won't be built for several years, said Lori Taylor, Fremont's director of economic development.
A Target in Pacific Commons would give the retailer four locations between Union City and North San Jose.
Contact Matthew Artz at 510-353-7002. For more Fremont news, read his blog at www.ibabuzz.com/tricitybeat.