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Texas Real Estate Business

Market Highlight: El Paso

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Albertsons opens largest El Paso store, donates $200,000 to charity
By Jim Parker April 7, 2021 10:32 am

EL PASO, Texas – What is now the largest Albertsons grocery store in El Paso became the first new location to open in two decades on Wednesday.

As part of a ribbon-cutting and grand opening ceremony for the store at 3150 N. Zaragoza Road and Pebble Hills Boulevard, the Albertsons Foundation donated over $200,000 to local schools and non-profit groups.

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Albertsons grocery store on East Side is chain's eighth in El Paso
Vic Kolenc El Paso Times 4-2-2021

The COVID-19 pandemic didn’t stop Albertsons plans, revealed in 2019, to open its eighth store in the city in far East El Paso.

The newly constructed store, located at 3150 N. Zaragoza Road and Pebble Hills Boulevard, is set to open at 6 a.m., April 7. A ribbon-cutting ceremony will be held at 9 a.m.

The 63,000 square-foot store is part of The Market at Pebble Hills shopping center, both built by River Oaks Properties at a cost of more than $15 million, said Adam Frank, president of River Oaks, a large, El Paso shopping center developer. It’s also completing the 25,000 square-foot The Shops at Pebble Hills center behind Albertsons at a cost of about $5 million, he said.

“We were talking to Albertsons five to six years to get them there,” Frank said. “Grocery store-anchored shopping centers are very popular.”

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More job opportunities, plans for more shopping space construction in near future in Far East El Paso
by: Tatiana Favela Posted: Mar 30, 2021 / 06:45 PM MDT / Updated: Mar 30, 2021 / 06:45 PM MDT

EL PASO, Texas (KTSM) — Construction continues and now businesses are starting to open at the new Eastlake Marketplace in Far East El Paso.

The project is bringing more jobs to one of the fastest growing parts of the county.

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Businesses see better days as El Paso economy rebounds from COVID-19 pandemic
Vic Kolenc El Paso Times

When the COVID-19 pandemic hit El Paso a year ago, many businesses were forced to shut down or go to greatly reduced operations because of government-imposed restrictions, and even some businesses classified as essential saw sales take dramatic drops. “It was scary when it first hit … It was like staring in the dark,” said Fiean Liem, who operates four El Paso restaurants. Liem’s restaurants — two Koze Teppan Grills, Nomi, and the Greenery — survived in one of the industries hardest hit by the pandemic in El Paso and across the nation. “We’re still here. I’m optimistic we’ll get to the other side,” Liem said.

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Eastlake Marketplace hopes for completion in 'couple of months'
Maria Cortes Gonzalez El Paso Times

Construction of the regional shopping center, Eastlake Marketplace, at Interstate 10 and Eastlake Boulevard, is coming along.

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Study details trends among those who cross border in El Paso-Juarez region

EL PASO, Texas (KFOX14/CBS4) — Opportunities to market the regional economy are emerging from a recent study by the City of El Paso that looked at crossing trends at International Ports of Entry in the El Paso-Juárez region.

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What to Look Out for When Developing Retail Commercial Real Estate - Adam Frank - River Oaks Properties
The CRE Project

Click here to listen to a Podcast that our President, Adam Frank, recently did discussing the retail market as a whole and the El Paso market.

TheCREproject #retailrealestate #realestatedevelopment #retail #commercialbroker #elpasostrong #elpaso

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Amazon center in El Paso is official
Vic Kolenc El Paso Times USA TODAY NETWORK – TEXAS

The badly kept secret is finally out of the bag.

Amazon, the giant online retailer, plans to open one of its distribution centers in El Paso, company and El Paso government officials announced Wednesday.

The new fulfillment center, expected to open in 2021, will create about 750 full-time jobs, starting at $15 per hour, plus health insurance and other benefits, officials said.

The planned, 625,000 square-foot El Paso facility is small compared to many of the company’s other fulfillment centers, some of which are more than 1 million square feet, and employ more than 1,000 people.

Work on the project site is already well underway in far East El Paso County. It’s located between Rojas Drive and Interstate 10, and near Eastlake Boulevard. It’s across the street from the Eastlake Marketplace shopping center, now under construction.

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Amazon gets going with $192 million El Paso fulfillment center
By David Crowder / El Paso Inc. staff writer Jul 12, 2020

Amazon still isn’t talking, but heavy earth-moving equipment was at work last week on the 115-acre site of a future fulfillment center off of Interstate-10 just east of El Paso’s city limits.

When completed, it will be a building like nothing El Paso has seen – with a $192 million price tag, a footprint covering 625,000 square feet, five stories reaching 100-feet high and 3.1 million square feet of inside floor space.

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