In 2005, Steve & Barry’s was one of five retailers chosen by the International Council of Shopping Centers to receive the group's “Hot Retailer” award, which is given annually to storefront operators who generate significant buzz and draw in new shoppers. The company originally began as an athletic-wear outfitter and now operates 211 stores nationwide, including outlets in Lincoln and La Vista, Nebraska.
The Seldin Co. launched Benson Park Plaza nine years ago at the behest of the mayor, who was attempting to stifle urban blight and create new opportunities for the community. The project began with the demolition of the existing K-Mart and the redesign of the nearby intersection at 72nd Street and Ames Avenue.
About $5.8 million in TIF funding was authorized for the 250,000 square foot redevelopment, but Seldin reinvested $3.5 million to improve the intersection.
Current retailers at Benson Park Plaza include Bakers Supermarket, Home Depot, Hancock Fabrics and Famous Dave’s Barbecue, among others.
“In 2000, at the start of the redevelopment, the assessed value of the 40 acres now comprising Benson Park Plaza was only $2.5 million, generating only $53,000 per year in real estate taxes,” said Randy Lenhoff, president and COO of the Seldin Co., in a media release.
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source: mwrenonline.com
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