Commercial market dynamic again
THE COMMERCIAL-MARKET SCENE DURING THE PAST YEAR HAS BEEN AN IMPROVEMENT over the previous October-to-October period. Santa Fe lost some beloved businesses, but not at such a drastic level. A year ago we reported the closures of Tony’s Rental Sales & Service, Leishman’s of Santa Fe, Bert’s Burger Bowl, AntiqueWarehouse, J. Crew, and Flying Star Restaurant— a collection with nearly 175 years of Santa Fe history among them.
Starting in July, Hastings Entertainment began selling off all inventory at the DeVargas Center store that opened in a former Albertson’s space. All 123 Hastings stores in the United States were set to close their doors by Oct. 31 as theAmarillo company fell victim to changing consumer trends regarding videos, music, and books. The 16,320-square-foot space is the mall’s fourth largest, after Office Depot, Sprouts, and Ross Dress for Less.
On the other end of town, the Santa Fe Place location of Sports Authority joined a similar nationwide going-out-of-business bankruptcy drama when it closed its doors last spring. The sporting goods retailer was in one of the mall’s anchor spaces, more than 60,000 square feet, that previously had a Mervyn’s until the end of 2008, when that retailer also suffered a bankruptcy liquidation.
At Coronado Center, the spaces at the east end remain vacant with the loss of Santa Fe Baking Co. last March and Leishman’s in 2015. But owner Phillips Edison & Company had good news in an Oct. 27 press release. Best of all is the imminent return of the coffee shop as Phillips Edison secured a 4,500-square-foot lease with The New Baking Company. Thatwill reopen in the former Santa Fe Baking Co. space under new ownership with a facelift of the restaurant, almost all of the previous employees returning, and one of the new owners a former, 17-year employee of the restaurant.
First National Bank moved from the center’s Suite 516 to the satellite pad at the corner of St. Francis Drive, next to Subway. The 2,640-square-foot Suite 516 space will be an Orangetheory Fitness center. Orangetheory offers group personal training workout broken into intervals of cardiovascular and strength training. Coming in to fill Suite 510 is a locally owned business called Sleep& Dream. Innovated by Mary “Mattress Mary” Domito and Sharon Scott, the storewill feature mattresses by Hästens, Vispring, Hypnos, A.H. Beard, and Posh & Lavish displayed on 27 model beds. Sleep& Dream is scheduled to open in December.
Also coming to Coronado Center is a Nutrishop outlet, offering vitamins and sports nutrition and weight-loss products.
One of the biggest stories downtown is the pending occupation of Sanbusco Market Center byNewMexico School for the Arts, which purchased the shopping center andwillmove the school from its current digs in the old St. Francis Cathedral School. The school is working with Studio Southwest Architects, Albuquerque; and Lake Flato Architects, San Antonio, on plans to remodel most of the 88,000 square feet of spaces, including the large former quarters of Borders Books and Cost Plus World Market.
It is logical to think that one of those big buildings may be used for a performance space. “Not at this time,” said Julie Bernard, the school’s director of institutional advancement. “However, we are developing flexible and multi-purpose spaces which can accommodate performances and exhibitions throughout the campus.”
The school serves 220 students from over 60 communities throughout the state.
“Once NMSA’s new campus is completed, we will be able to provide opportunity and access to more students from throughout the state and we will be able to expand our programming,” Bernard said. “Contingent upon funding, NMSA has always dreamed of adding two arts concentrations — creative writing and literature, and cinematic arts— to our existing programming in dance, music, theater, and visual arts.
The NMSA-Art Institute administrative officeswere set to move to Sanbusco by Nov. 1. The anticipated timeline, subject to city design review, permitting process,
Come in! The entrances to Array on Guadalupe Street and Hunt Modern on Sandoval Street
op.cit books, the first Sanbusco business to move to DeVargas Center