Eagle’s City Market eyeing expansion plans | VailDaily.com

Eagle’s City Market eyeing expansion plans

EAGLE, Colorado – The store responsible for about 40 percent of Eagle’s sales tax revenue wants to double in size, and may need to move to do it.

During a public input session Tuesday, new Eagle Mayor Yuri Kostick said the Kroger corporation, City Market’s parent company, wants to expand the Eagle City Market to nearly double its current size. The problem is there isn’t enough room on the store’s current site.

According to Kostick, City Market will not leave Eagle, but is considering expansion to Gypsum. The subject came up just minutes after three new town board members and Kostick were sworn in. Kostick said he’d recently talked to Joel Starbuck, director of real estate development for Kroger in Colorado. Starbuck told Kostick that Kroger likes the Eagle store and it’s a high performer.

“I thought it was a positive meeting,” said Kostick, adding town and Kroger officials plan to talk again about some other sites in Eagle, including Eagle River Station.

Starbuck was out of town and unavailable for comment at press time.

During a research and market analysis for Eagle River Station, City Market mentioned a preference for a larger store, said town board member Scott Turnipseed.

“They’ll stay in Eagle if they can find a site,” Kostick said.

Gypsum officials have heard the same rumblings, but haven’t talked to anyone from City Market or Kroger.

“We’ve had zero contact with City Market,” said Gypsum town manager Jeff Shroll.

Eagle River Station’s developers have not talked to Kroger officials, but will be happy to, especially if it means keeping City Market and its sales tax revenue in Eagle, said Trinity RED’s Vince Riggio.

“We have not talked to them yet, but we would be more than willing to sit down with City Market to see if there’s anything we can do to keep them in Eagle. We’d give them the best deal we possibly can,” Riggio said. “We cannot control their decision, but we can put an opportunity before them that meets or beats anyone’s.”

Trinity RED is already working with the Kroger company on another development in Atlanta market, Riggio said.

Eagle voters will decide the fate of Eagle River Station May 22. It’s the second time in two years town voters have been asked about the proposed commercial/residential development on the town’s east side.

“Eagle River Station could accommodate City Market, and they’d probably be very happy there,” said Eagle town board member Scot Webster.

City Market and King Soopers stores on the Front Range are 50,000-60,000 square feet. Some go as big as 125,000 square feet, Riggio said.

While there’s little space for a bigger City Market store in Eagle, Gypsum has several parcels that would accommodate a larger store, including the 74-acre Tower Center site, which went to a sealed-bid auction Wednesday. The winning Tower Center bid will be announced next month.

Trinity RED is not among the bidders on that land, and Riggio said his company has no intention of moving its project to Gypsum.

“We are committed 100 percent to Eagle River Station and we’re committed to Eagle,” Riggio said. “We will do everything we can to keep City Market in Eagle.”

Staff Writer Randy Wyrick can be reached at 970-748-2935 or rwyrick@vaildaily.com.

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