EL PASO, Texas (KTSM) – Construction continues and stores are now starting to open in the new Eastlake Marketplace in Far East El Paso.
The project brings more jobs to one of the fastest growing parts of the county.
River Oaks Properties President Adam Frank says that despite small setbacks caused by COVID-19, it really got to the point, adding that more is on the horizon.
âWe have signed leases for almost the majority of the center. There’s a considerable, substantial demand, âFrank said. âWe have Five Below, Ross, DDs, Specs, Rack Room, Mattress Firm; Everything that comes into the inline shop that you can see is already built. “
Development on the project is ongoing and will be the first mall that travelers can see from east to west of El Paso.
âWe think this project really adds a lot to the neighborhood. It could be accessed from the Valley, from Socorro, from Horizon, from I-10 of course, so we’re looking at it as some sort of regional project that will have a big economic impact on El Paso, âsaid Frank.
As we reported, the mall is 200,000 square feet and will be filled with retailers and restaurants and will include a new Cinemark cinema.
However, due to the pandemic, some retailers, including Cinemark, have experienced a delay.
âRoss and DDs pushed the opening out slightly. They should have been open by now, but they were not displaced because of our project, but because of COVID and other businesses that were late, difficulties in sourcing goods, which led to delays at many retailers, “explained Frank.” Everything on our part is on time . As I said, the first tenants have opened. I would say in nine months you will see the entire center, by the first year 2022 you will see almost all of them open. “
Frank said the majority of the center has signed leases with national tenants and locally owned franchises, which will increase employment opportunities for El Pasoans.
But that’s not all: âWe will continue to build on Eastlake Boulevard. We have several projects planned for the next two years in the rest of Eastlake if you go to both Darrington and Zaragoza. We have an Albertson’s opening there next week. So we are very optimistic about El Paso. We think the economy is great, we will recover well from COVID. We all want to get it over with and are happy to be a big part of the growth, âsaid Frank.
He said there are plans to begin construction on 20 acres of land at the intersection of Rojas and Eastlake with more shopping, and expects it to be ready by the end of 2022.