DDR to make room for Target at Terrell Plaza

Terrell Plaza

As the economy continues to improve, big box retailers are awakening.  Ohio-based Developers Diversified Realty Corporation (DDR) recently announced plans to raze three buildings in the Terrell Plaza shopping center located at 1201 Austin Highway in order to make room for the construction of a new 138,000 square-foot Target store and additional adjacent retail space. 

According to the DDR release, “Terrell Plaza is currently a poorly-configured shopping center in a well-established neighborhood of San Antonio with population density exceeding 540,000 people within a seven-mile trade area. When redeveloped, the shopping center will feature approximately 90,000 square feet of value-oriented junior anchor retail space in addition to the new 138,000 square-foot Target.”

For more information, read New anchor on ‘Target’ to join Terrell Plaza retail mix (San Antonio Business Journal, 5-20-11).