Mike Zupan, CEO of Zupan's Markets, announced Thursday that Zupan's Market will be the anchor tenant of Lake Grove Village in Lake Oswego.
The construction of the new $3 million, 20,000-square foot store is expected to be completed to time to open in the fall of 2011.
The site is the location of the former Wizer's Market that closed in 2010.
'We are thrilled to be opening a new store in Lake Grove, offering residents the products, service and quality we are known for,' Zupan said. 'We source constantly to bring our customers the absolute best in local, regional, national, and international products.'
Eric Shoemaker, developer for the project, said, 'We're extremely excited to bring Zupan's Markets to Lake Oswego, and specifically Lake Grove. Zupan's is a best-in-class operator and will provide a superior customer experience consistent with our broader vision for the center.'
The addition of Zupan's is the key development for Lake Grove Village, formerly the Lake Grove Shopping Center. The project is a joint venture between Banette Properties, which has owned the property since 2000, and Beam Development.
With Zupan's as the project's anchor, the 45,000-square foot shopping center redevelopment will eventually have up to seven other tenants located in two retail pavilions. RiteAid and Starbucks will continue as existing tenants. On-site parking will increase to 179 dedicated stalls.
Works Partnership Architecture (WPA) is the project architect, and Scott Edwards Architecture will design the interior of Zupan's Market.
Zupan's Markets' focus is on quality in everything from meats to wines to produce, along with baked goods, gourmet deli products, flowers and more. The company was founded 35 years ago by John Zupan, Mike's father. The Lake Grove Village store will join three Zupan's in the Portland metropolitan area.
The project is an adaptive use of the original 1963 strip center, located at the intersection of Boones Ferry and Bryant roads. Banette and Beam are teaming up for the $6 million renovation. R and H Constructor is the general contractor.