Construction started on Dover’s newest shopping center last month.
The new center on 1128 Forrest Ave. will add thousands of square feet of retail space and up to 50,000 square feet of office space.
The first confirmed tenant of the shopping center is Dunkin’ Donuts, which will be moving from its current location up the road on 1230 Forrest Ave. Nick Nistazos, both the owner of the Dunkin’ Donuts franchise and the developer of the new shopping center believes the new location will offer his customers greater convenience.
R&R Commercial Realty – the listing agency – is still in the process of locating tenants to occupy the two remaining retail pad sites in the new center. Nistazos says FMS Construction expects to complete phase one of construction by April.
The new center comes at a time in Dover when the stock of retail space is growing quickly, says R&R Commercial Realty broker/owner Charles Rodriguez.
“The finishing touches are being put on the nearby Capital Station now – a project which turned the old vacant Playtex plant into around 60,000 square feet of class-A retail space,” Rodriguez stated.
“There’s another large shopping center expected to break ground soon just south of the racetrack that will add another 30,000 square feet of space. The Loockerman Plaza project right downtown will be adding another 12,000 square feet. All that with Mr. Nistazos’s project amounts to a city-wide boom in commercial space that we haven’t seen in recent years. It’s really encouraging for the local economy,” Rodriguez stated.
Established in 1996, R&R Commercial Realty focuses on commercial real estate.
For additional information about R&R Commercial Realty and its extensive inventory of commercial property, visit www.randrcommercialrealty.com.