Ace Hardware in Downtown Farmington Quietly Closes
Another large Downtown Farmington Center tenant closes its doors.
With the store's 19,200 square feet soon empty, the Downtown Farmington Center now has close to 50,000 square feet vacant, DDA Director Annette Knowles estimated. Quizno's, also located in the Center, closed earlier this year. The Center lost Office Depot almost two years ago, and Tuesday Morning before that.
The mall is owned by New York-based Kimco Realty Corp.
"I'm concerned we're losing some big names," said board member Dave Cornwell. "They may be owned by 'moms and pops,' but they're not 'mom and pop' stores."
Board members speculated over possible reasons for the Ace Hardware closure, including the store's concept, which combined hardware and housewares. Other business owners in the Center have also complained about limited parking during the Farmington Farmers and Artisans Market, held in the nearby Walter E. Sundquist Farmington Pavilion from May through October. However, the store owner did not issue an official statement.
"Our lesson is, you'll never see an entree on my menu over $20," said board member Greg Cowley, whose family owns John Cowley & Sons restaurant on Grand River. "You have to be realistic about the economy and the target market."
Cowley said the DDA should focus its attention on finding and assisting small business owners and operators, who would be willing to make an investment in the central business district. Cornwell, a longtime local Realtor, said not many owners will have the resources to invest in a business and a building.
"There is property for sale," Cowley said. "We need to find the needle in the haystack."