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Starbucks is targeting an opening in the first half of 2021 at 1644 W. Republic Road.
Rendering provided by Alliance Capital Investors
Starbucks is targeting an opening in the first half of 2021 at 1644 W. Republic Road.

Starbucks plans store on city’s southwest side

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Starbucks Corp. (Nasdaq: SBUX) is planning a new Springfield store in a high-traffic area adjacent to the south-side Veterans Affairs clinic.

Commercial property manager Curtis Jared said one of his companies, Alliance Capital Investors, is developing a 2,100-square-foot store for the international brand to open in the first half of 2021. Jared said Snyder Construction Group is on board as general contractor, with Godwin & Associates Architects & Engineers Inc. as architect. Construction should begin in the next couple of weeks, he added.

Jared said through the build-to-suit project, Starbucks would lease the building at 1644 W. Republic Road for undisclosed terms.

"It's one of the highest populated areas. There's a lot of additional growth happening there," Jared said of the property he owns between the VA clinic and Southland Christian Church.

Multiple developments have popped up in the area in recent years, including the VA's multimillion-dollar Gene Taylor Community Based Outpatient Clinic that launched in 2019 and the Magers Crossing mixed-use development that's located on other side of the Republic Road and Kansas Expressway intersection. City and Greene County officials also have long planned to extend Kansas Expressway south of Republic Road.

The West Republic Road store would be Starbucks' 17th location in Springfield, according to its website. A Starbucks inside the former Bistro Market downtown closed in January.

Jared, who's also president and CEO of Jared Enterprises, in 2017 worked with Starbucks to open a stand-alone store at his Brentwood Center North shopping center across from Battlefield Mall. That same year, news emerged that developer Jason Pullman was working with Starbucks on an East Sunshine Store adjacent to his Zaxby’s chicken restaurant.

Media and investment reports have documented the so-called “Starbucks effect” when a new store opens. For instance, between 1997 and 2014, Zillow estimated properties that were close to a Starbucks increased in value by 96%, compared with 65% for all U.S. properties.

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