|
The retail
market in the Quad Cities has been hot and
will continue to be. Many types of
opportunities are offered in the area, from
existing shops, new development and
redeveloped properties.
Many new
developments are taking place in the region
and neighborhood locations ranging in size
from 6,000 to 12,000 square feet. One of the
most significant retail developments was the
$23.5 million redevelopment of Duck Creek
Plaza in Bettendorf, Iowa. The center's
tenants range from small local retailers to
Home Depot and the construction of a 63,700
square foot Schnuck's Market, the first in
the area.
Another new
development to the area is Crow Ridge
Plaza located along 53rd and 18th Street in
Bettendorf, Iowa. It will offer retail
suites between 1,500 to 22,000 square feet.
It will also have out lot pads available
for freestanding retail/financial uses.
Overall, the
strongest growth has been seen in the Elmore
and 53rd Street corridor in Davenport, Iowa
and the John Deere corridor in Moline,
Illinois. The appeal for these areas has
been the proper mix of residential
population, traffic, access, anchors,
development opportunity and available land.
However, it is also anticipated after the
completion of the new bridge connecting Rock
Island and Milan, Illinois, there will be
increased interest in both cities with
particularly more development on John Deere
Road.
|