Bluffs' newest shopping development: The Marketplace
A March 2008 opening is anticipated for The Marketplace Council Bluffs, a 400,000-square-foot retail shopping center on the southeast corner of the South 24th Street-Interstate 80 interchange.
Joe Kutilek, a partner with John Hughes in Omaha-based Magnum Development Corp., confirmed that plans have been submitted to the Council Bluffs Community Development Department.
Mayor Tom Hanafan said he heard a proposal for The Marketplace a few months ago and wasn't certain that it would happen.
"We're seeing a lot of different developments we didn't see before," he said. "That's nice to see."
Magnum Development buys existing properties and upgrades them and often brings in new tenants, Kutilek said. The company is involved in a 60-acre project with a Super Target at 120th and L Street in Omaha where dirt is expected to begin moving this fall. Magnum is partnering with Cormac, an Omaha-based commercial developer, on that project.
The development of the former Ak-Sar-Ben Racetrack property is another Magnum project, and Kutilek said the firm does much of its work outside the metro area.