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Retail set to sprout in fast-rising neighborhood

Burl Rolett May 7, 2014 0

DollarTreeManchester

Manchester’s Dollar Tree should be completed by the end of May. (Photo by Burl Rolett.)

Manchester’s first big name retailer will soon get the keys to its new outpost.

Developer Wayne Cole plans to wrap up construction on a new Dollar Tree store at 315 Cowardin Ave. by May 27. Cole said the retail shop is an overdue addition to the Cowardin Avenue corridor, which is on the edge of the rapidly developing Manchester neighborhood with its nearly 3,000 apartments either finished, under construction or on the drawing board.

“People are believing in Old Manchester now,” Cole said. “If you had asked me 15 years ago when I bought the property, it would have been just the opposite.” Many commercial real estate brokers and developers say a big-box supermarket is likely the next step in the neighborhood.

The 0.87-acre parcel has been in the Cole family for more than four decades.

It originally housed the family’s Hanks BBQ restaurant. More recently, Cole leased the space to Boyd’s Café. The café building was demolished to make way for the Dollar Tree. Cole will lease the built-to-suit space to Dollar Tree beginning May 27. He expects the retailer will open about two weeks after getting into the 9,000-square-foot store.

He broke ground on the new Dollar Tree in January. TAW is the project’s general contractor and R.J. Smith handled the site work. The building will cost about $1.5 million, including site work and landscaping, Cole said.

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