Friday, March 23, 2007

K Street Loss, Arden’s Gain

A continuing story and a sad one for the ever suffering downtown where the best thing going is what the state has done.

Trendy retailer nabs Arden site
Urban Outfitters had been possible tenant in K Street project.
By Jon Ortiz - Bee Staff Writer
Published 12:00 am PDT Friday, March 23, 2007


Sacramento's first Urban Outfitters store will open by the end of this year in the Market Square shopping center near Arden Fair, the property's management company announced Thursday.

Fulcrum Management Group said that the trendy -- and sometimes controversial -- apparel and accessories chain has signed a lease for the former Virgin Megastore space that went dark nearly two years ago.

The signing signals that Sacramento's growth in the past few years continues to attract retailers that previously skipped the region in favor of larger population centers, said Doug Fleener, president of Dynamic Experiences Group, a retail consulting firm based in Lexington, Mass.

"It says good things about Sacramento," Fleener said, "and it indicates that Urban Outfitters wants to aggressively grow into new markets."

It also clouds plans for Sacramento's K Street redevelopment plans. Developers have mentioned Urban Outfitters as a possible tenant that could help spur the troubled retail center's renaissance.