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Business & Tech

Argenta Hills Commercial Space Searching for Tenants

IGH officials hope for a mix of retail, restaurants and service providers.

 

The commercial buildings at the new Argenta Hills development in Inver Grove Heights are ready and waiting for tenants.

Tom Link, community development director for Inver Grove Heights, said the three buildings were finished in November.

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“Our understanding is they are getting pretty close to putting some leases together, but the owner has not told us yet,” Link said.

The owner/developer of Argenta Hills, near the intersection of Robert Trail S. and Hwy. 55, is McGough Construction. The mixed-use area is anchored by the Super Target store, which opened mid-2012. Argental Hills includes residential neighborhoods to the north, with about 150 homes, and commercial development space. Each of the three commercial buildings could accommodate one to three tenants, Link said, depending on the size of the business. The exterior of the buildings have been completed, but the interiors will not be finished until tenants receive building permits and sign leases.

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“We are hoping for a mix of different commercial that would go in there,” Link said. Ideas include restaurants, retail and service providers.

Link said the developer has been marketing the properties very heavily over the last few months.

“We’re really pleased with it,” Link said. “There’s been a lot of interest with the Target. It’s the start of a lot of development in what we call the Northwest Development, and it kicks off development in that area.”

He said the city was disappointed with the slow start to the project, hampered by the recession, which forced the delay of the Target store completion, but now the city is excited to watch as that development continues to grow.

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