Zupans inks deal in Lake Grove Village
It has been a long time coming, but Zupan's Market will soon be operating in Lake Oswego.
Mike Zupan, chief executive officer of Zupan's Markets, announced last week that he will begin construction of a new store to anchor of Lake Grove Village redevelopment.
'We've been interested in Lake Oswego for a long time,' said Zupan. 'It really fits our demographic of highly educated people and high incomes.
'We're excited about coming to Lake Oswego and bring ing our mix of products and quality to the community.'
This was Zupan's second attempt to find a home in Lake Oswego, and this time he was successful.
'I expressed interest many years ago when Wizer's was there, but we could never come to terms,' Zupan said. 'This time the landlords reached out to us. We both knew we're a good fit for the center.'
The construction of the $3 million project will start in August, and Zupan expects to open the doors in time for the 2011 holiday season.
'Ideally, we'd like to be open by Thanksgiving,' Zupan said.
The market will be 20,000 square feet, and it will employ 100 people. This will be the fourth Zupan's Market in Oregon.
Eric Shoemaker, developer for the projects, said, 'We're extremely excited to bring Zupan's Markets to Lake Oswego, 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 project will be a joint venture between Banette Properties and Beam Development, who have teamed up for the $6 million renovation. The addition of Zupan's is a key development for Lake Grove Village. The entire project will be 45,000 square feet and will eventually be the home for seven tenants operating from two retail pavilions.
RiteAid and Starbucks will be retained as existing tenants. On-site parking is being increased to 179 dedicated stalls.
The project is an adaptive use of the original 1963 strip center, located at the intersection of Boones Ferry and Bryant roads.
One of the most remarkable aspects about the project is that it is being built to qualify for 'Gold' certification under a pilot program administered by Earth Advantage and The Energy Trust of Oregon.
Zupan's Markets began 35 years ago when it was founded by John Zupan, Mike's father. Its focus is on quality in everything from meats to wines to produce, along with baked goods, flowers, deli products and more.
Zupan expects to make a strong impact in this community.
'I don't think there's another store in the area that has the type of products we offer,' he said.