MASON CITY – City Hall in Mason City confirmed Thursday that a large department store – and possibly more – is headed to the city’s west side Indianhead shopping district.
A Marshall’s department store is slated to be completed in 2014 and will be located west of Kohl’s department store in the Willow Creek Crossing Development. The store will be about 22,000 square feet in size and cost $2 million to build.
The developer, North Iowa Growth, LLC, will receive economic development grants of tax increment (TIF) – totaling $480,000 over 7 years – for increases in property value associated only with the 22,000 square foot building.
Willow Creek Crossing Development already is home to Kohl’s Petco, MC Sports and Best Buy, among others.
City Hall believes that the Marshall’s store will be a “catalyst” for the rest of the shopping center, “which will stabilize the current retail mix and draw new retailers to the center as well as new restaurants to the lots fronting Highway 122.”
City Hall claims to “have evidence that Marshall’s is attracting new investment to the shopping center.” Plans have been submitted, City Hall officials say, that show the new 22,000 square foot Marshall’s store flanked by two other leasable spaces: a 5,400 square foot store and an 18,000 square foot store.
