Owner/developer: Magers Crossing LLC
General contractor: Larry Snyder & Co.
Architect: H Design Group LLC
Engineers: Lee Engineering and Associates LLC, civil; J&M Engineering LLC, structural; Smith-Goth Engineers Inc., mechanical, electrical and plumbing
Size: 11,300 square feet
Estimated cost: $3.5 million, per city permits
Lender: Bear State Bank
Estimated completion: Fall
Project description: Crews in early summer began constructing the first, and larger, building in Magers Crossing. While it’s nearing completion fronting Cox Avenue, the Republic Road-facing building is underway. Combined, the development is estimated to cost $3.5 million, according to building permits on file with the city. Arch Watson, the development’s listing agent with Sperry Van Ness/Rankin Co., said a third tenant has signed on but was not prepared to announce the lease by press time. Watson said the tenant plans to occupy the west end of the single-story, smaller building, where Great American Taco and a nail salon have signed on. No tenants have signed on for the two-story, 31,000-square-foot building at 4126 S. Cox Ave. In all, Magers Crossing is designed for 10 retail storefronts, 10 offices and seven restaurants.
The expanded facility is expected to reach annual revenue of $650M.