The Mandan City Commission voted at its meeting Tuesday night to approve a proposal submitted by Runnings for the purchase and redevelopment of adjacent properties located at 504 W Main Street and 511 First Street NW.
The company submitted a proposal to purchase the properties for $1,025,000 and invest an estimated $1.3 million in building and parking lot renovation. They expect to more than double store sales and employment in Mandan. They hope to occupy the buildings by September 2019.
Runnings currently has a 12,000 square-foot store on leased property on Memorial Highway in Mandan. The relocation will be a significant expansion. The West Main properties are about 32,173 square feet and 15,785 square feet, respectively. The larger store will allow Runnings to expand product offerings in the home, farm and outdoor space. The company also plans to hire an additional 15 part- and full-time employees.
Previous owners of the former Central Market and Thrifty White Drug properties had listed the properties for sale for $2.5 million or lease at $7 per square foot for about three and a half years beginning in 2014.
Concerned about the future of these properties and their importance to the entire downtown district and Main Street, the city commission voted to acquire the properties in June 2017 with funds from the Mandan Supplemental Environmental Projects Trust (MSEPT). Community efforts to recruit another grocery store to the location failed.
Proceeds from the sale of the properties will be returned to the MSEPT, established in 2004 as part of a settlement with Burlington Northern Santa Fe Railroad for an underground fuel spill. The purpose is to help alleviate environmental, economic, social, public health and safety, and other related impacts on the downtown area.
Runnings has been part of the Mandan community for over 15 years. Founded in 1947, Runnings is a privately held general merchandise retailer owned by the Dennis and Adele Reed Family. The company has 44 stores and employs more than 2,000 workers across seven states.
It is headquartered in Marshall, Minnesota.