NEW SHOPPING CENTER: Proposed for this site.

A friend in the real estate community shares a proposal from SHOP Companies, a Dallas developer, for redevelopment of the former Sears shopping center on University Avenue.

A grocery store will anchor the “Shops at University Village” and the site plan provides for other outlying buildings that might  call of removal of one existing office building.

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There are some indications the developer might have a Kroger in mind, but that would seem unlikely given nearby Krogers in the Heights and Hillcrest. 

A brochure for the project touts the area as having “the densest daytime population in the state” thanks to nearby hospitals and existing shopping.

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I guess this means, alas, that this won’t be a spot for a Costco. That wholesale chain has been looking, but unable to find the right spot for an Arkansas starter store.

Don’t know yet how far along this idea might be.

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