Starbucks, Chipotle to open new sites in Silver Spring Township
Starbucks and Chipotle will headline a new shopping center about halfway through construction along the Carlisle Pike in Silver Spring Township.
The popular franchise chains are expected to open at 6449 Carlisle Pike by the end of this year. In addition, a Pet Valu will occupy one of the three buildings at the site, which is being developed by Trindle Run Center LLC.
"They're both corporately owned and operated," Joe Spagnola of LMS Commercial Real Estate said of Starbucks and Chipotle. "And they have a pretty diligent real estate evaluation and acquisition process, so that's a positive" for the site.
The site includes 6,000-square-foot and 7,000-square-foot buildings that LMS is marketing as retail and restaurant, respectively. The former building will likely be "a multitenant site," Spagnola said. Both are expected to be filled in the first quarter of 2015.
From a business standpoint, the advantages of the site are numerous, he added, and include "signalization access to Carlisle Pike in the event there’s ever a future median." Also, visibility to Carlisle Pike and proximity to the retail centers are positives, he added.
The site is across from the 480,000-square-foot shopping center anchored by Wegmans. It also includes Target, Kohl's, Best Buy, Ulta, Bed Bath & Beyond and Panera Bread, among others. A Petco franchise is across the Carlisle Pike as well.
While LMS has no tenants to announce for the retail and restaurant spaces, it is still early, Spagnola said.
“It’s coming along," he said. "Most people want to see something come out of the ground before they have the vision of what could go there.”