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Friday, November 19, 2010

What a Downtown Target Might Look Like

Posted by Denis C. Theriault on Fri, Nov 19, 2010 at 1:14 PM

A downtown Target, just not ours.
  • San Francisco Redevelopment Agency
  • A downtown Target, just not ours.
A couple of months ago, Mayor Sam Adams' office confirmed it was in preliminary discussions with Target about finding a place for the big-box retailer to set up shop downtown. According to the Oregonian, which broke the news, the vacant Galleria—with 87,000 square feet of vacant space—is a leading contender for Target.

"The mayor has been looking at how to revitalize the retail district in the central city," Adams' spokesman, Roy Kaufmann, told me at the time, offering a list of questions that remained to be hashed out:

"How would an anchor retail tenant like target or another store fill that role? How would that store contribute to and complement existing retail? And how would it meet the city's objectives in creating greater residential density in the city?"

It's not clear where the process in Portland stands; Kaufmann didn't immediately return a call seeking comment. But this report out of San Francisco, where Target may take up 80,000 square feet in an under-utilized downtown mall, hints at what a store in Portland might look like.

More details after the jump.

The planning memos in San Francisco touch on many of the same issues that likely would be faced in Portland. For example:

Target’s 80,000-square-foot main sales floor will be located on the second floor. Although this Target is smaller than the average 135,000-square-foot suburban store, it will carry most of the same merchandise found in the larger stores.

Target will use a cart containment system at the lobby to prevent shopping carts from exiting the store. A guest-assisted merchandise pick-up along Howard Street will be available for Target shoppers who park in nearby garages. Also, to facilitate Metreon and Target customer drop-off and pick-up, a new curbside passenger zone will be built on Fourth Street.

Also eye-poppingly interesting:

Target is projecting $120,000 in annual payroll taxes, a minimum of $5.4 million in annual sales taxes, and about $1 million in additional parking revenue for the Fifth and Mission Street Garage.

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