A few of you have posted and emailed me if I had any updated information on the King Kullen Shopping center that is going up just over the Michael Valente / Long Beach Bridge. So I dug around and found the following press release and development brochure:
01.31.2012 Globe St | 62,675 SF Shopping Center Headed to Island Park
By Carl Gaines
ISLAND PARK, NY-Sabre Real Estate Group has been tapped to market a 62,675-square-foot shopping center currently under construction in Island Park. A King Kullen supermarket will anchor the center once it is completed later this year.
Jayson Siano, managing principal at Sabre Real Estate Group, tells GlobeSt.com that the King Kullen will take up 39,800 square feet of space at the center, leaving a remaining 22,875 square feet up for grabs in an area that has seen little new retail development of late.
“It’s a unique opportunity because it’s a smaller trade area that joins the communities of Long Beach and Oceanside,” Siano says. “This is a tremendous opportunity for retailers based on the fact that there are not many new grocery store development sites on Long Island in general.”
The Barnum Landing Shopping Center, Siano points out, will sit adjacent to the bridge to Long Beach. “It’s really an extension of the Long Beach community itself so it’s a great opportunity for retailers to access both Long Beach and Oceanside, obviously Island Park as well, with a new exciting development,” he says.
Demographics in the area are favorable for retail as well. More than 300,000 people live within a five-mile radius of the site and those residents have a median household income of $83,555.
When asked what types of retailers have expressed interest in the remaining space, Siano lists all the usual suspects for grocery-anchored spots, including home improvement, fitness and financial institutions. The configuration of the space would lend itself to any of these, he says.
The six-acre shopping center is owned by Barnum Land Development LLC.