Hobby Lobby opened its third Central Kentucky location last week at Hamburg. It's the latest finished product at a Lexington shopping district that has a number of other projects in process, including the Costco warehouse club scheduled to open in October.
"If you're a retailer, you want to do a store in Hamburg," said Patrick Madden, a lawyer whose family has developed much of Hamburg. "I think that's the environment we've created out here."
The 55,000-square-foot Hobby Lobby helps fill out space at Winchester Road and Sir Barton Way, where Sportsman's Warehouse is.
"What Hobby Lobby brings is complete diversity to that area," Madden said. "Sportsman's caters more to men, and now Hobby Lobby caters more to women and kids."
There are also plans for a 10,000-square-foot, single-tenant building near Hobby Lobby, Madden said, and he's also working on a multi-tenant building in that area. To help improve access, an entry is being added directly from Winchester Road to the shopping area.
Madden is also negotiating a lease with a restaurant, which he declined to name, for the former Calistoga Café location. Credit union coming
Farther up Sir Barton Way, plans are under way to open a new branch of Commonwealth Credit Union.
The Frankfort-based credit union plans to open the location this fall near Indiana Wesleyan University's space at Hamburg.
Executive vice president David Young said the credit union has had great success with its location near the Meijer on Reynolds Road, and "we're strategically trying to place another facility on the opposite side of town."
"Obviously with the growth going on there, Hamburg was a logical place," he said.
The 3,200-square-foot facility will not have a traditional teller line, instead opting for a new industry trend called "dialogue towers."
The circular table-type setup "heightens the interaction with the member," Young said. "We're trying to increase what we feel is one of our biggest attributes, and that's service.
"We want people to feel very comfortable about asking questions."
New hotel checks in
Another hotel also is planned for the section of Hamburg along Pink Pigeon Parkway. TownePlace Suites by Marriott, which caters to extended-stay travelers, is expected to open in 2014 across Vendor Way from the Residence Inn by Marriott.
Louisiana-based hospitality company InterMountain Management is the franchisee for the location, which features all suites with full kitchens. The company expects to begin construction this summer, said director of development Stan Jones.
The 99-room TownePlace Suites will be the first Kentucky location for InterMountain Management, which operates more than 75 hotel properties across the country. It will be the second TownePlace Suites location in the state; the other is in Bowling Green.
"When we look for markets, we look for markets that have strong economies and hotel markets that are performing well," Jones said in explaining the company's choice to locate here. "We also look for markets that have a varied demand base.
"In the greater Lexington area, you have the university and all the corporate companies headquartered there."