For more than three years, a closed Target store on Hastings’ west side is a reminder of the city’s struggle to keep up with another big-box retailer.
That is, until last month, when Appleton, Wis.-based Fleet Farms finalized a deal with Target Corp for an 11-acre site and 126,000-square-foot building located at the southeast corner of Highway 55 and General Sieben Drive. .
John Hinzman, the city’s director of community development, said, “It has been difficult to show the interest of a large retailer in these times, with the city seeing a boom in residential development over the past two years.” That’s great news for us.”
He said that the sight of closed target was not good for the image of the city.
“This is Minnesota, goals should not be empty,” he said.
Fleet Farm Schemes
According to a certificate of real estate value filed on October 6 in Dakota County, Fleet Farms purchased the Target property for $2.6 million. According to this year’s county property tax records, the land is valued at $2.4 million; The building cost $1.4 million.
Fleet Farms plans to remodel the building, built in 1999, and open a store in Fall 2022, filling a large retail void in Hastings and ending years of failed ideas for the site, Hinzman said.
Over the years, developers emerged with plans to demolish Target stores and install smaller retail, housing or industrial buildings. But development was hampered by an operating agreement on the property, which said the change required consent from the owners of neighboring retail businesses, including Cube Foods.
“There was always a demand to do something, but it couldn’t cross the goal line,” Heinzmann said. He added that Fleet Farm does not require approval from adjacent business owners as its retail use is similar to Target.
go ahead with the goal
Target Corp. closed stores in February 2018, along with one in Fergus Falls, Minn., as part of closing a dozen locations in eight other states the Minneapolis-based retailer said were “underperforming.”
In Hastings, the finale did not go down well with many in the city. About 3,300 residents signed a change.org petition to keep the store open, with many commenting that they were protesting shopping at the Walmart Supercenter, located across the highway.
Hinzeman said interior demolition and other work had begun at the former Target last week and that Fleet Farms would add a lumber yard to the east side of the building.
Fleet Farms currently has 47 locations in the Upper Midwest spanning Iowa, Minnesota, North Dakota, South Dakota and Wisconsin, 11 of which opened from 2018-20. There are 16 stores in Minnesota, including five in the Twin Cities metro area located in Blaine, Brooklyn Park, Carver, Lakeville, and Oakdale.