Business & Tech
What Should Replace the Former Rainbow Foods?
After sitting vacant for nearly three years, the new owner is looking for a buyer or a tenant. What would you like to see go into the space?
The large retail space that once housed Rainbow Foods and Gold's Gym has been sold to a real estate investment group from Atlanta. The space is located at the corner of Marschall Road and Vierling Drive in Shakopee.
According to a Shakopee Valley News article, RCG Ventures picked up the building, which was recently foreclosed upon, for $6.3 million. The previous owners purchased the building for nearly $10 million more in 2006.
The 103,000 square-foot building—which was originally build for a Kmart—has sat empty for nearly three years. Rainbow Foods left in 2005 and Golds Gym closed up shop in April 2010, according to the article.
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The building is currently listed as for sale or lease, with the new owner preferring to lease as is, or redevelop and lease.
So, Patch asks: What business or businesses would you like to see move in? Or should the whole building be scraped? Added on to? Tell us in the comments section below.
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