New retail center planned for intersection of Essen and Perkins
The owner of Ichiban Japanese Grill and Sushi Bar at 5741 Essen Lane is planning to develop a new retail strip center on a vacant 2.6-acre parcel at the intersection of Perkins Road and Essen Lane.
Chris Shaheen, who is the development consultant on the project, says restaurant owner Kit Wong acquired the parcel several years ago, intending to build a new restaurant on the site. Instead, however, he expanded his existing establishment, which is located in the shopping center adjacent to the vacant parcel, and decided to develop a new retail strip center that Shaheen hopes will attract a mixture of retail and restaurant tenants.
“It’s a great location and one of the busiest intersections in the city,” says Shaheen, an agent with Saurage Rotenberg Commercial Real Estate, which will be leasing the new development. “With two hospitals, Perkins Rowe, and five health clubs in, like, a one-mile radius we think it’s a great location.”
The new center, which will be called Ichiban Plaza, will be 21,000 square feet and lease rates will average between $20 and $24 per square foot. Shaheen plans to bring the project to the Planning Commission for approval next month, and hopes to begin construction by late summer. A target opening date has been set for mid-2016.