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Springfield Plaza, Phase II


Owner/developer: Grace One LLC and Rankin Development LLC
General contractor: Ross Construction Group LLC
Architect: Buxton Kubik Dodd Design Collective
Engineers: Lee Engineering and Associates LLC, civil; Miller Engineering PC, structural; and Buxton Kubik Dodd, mechanical, electrical and plumbing
Size: 23,500 square feet
Estimated cost: $1 million, per city permit
Lender: Central Bank of the Ozarks
Estimated completion: September
Project description: Phase II of the estimated 150,000-square-foot Springfield Plaza retail center near West Bypass and Sunshine Street is underway, with national discount store chain Five Below Inc. (Nasdaq: FIVE) signed on as a tenant. Co-developer Tom Rankin of Rankin Development LLC said Five Below will fill about 9,000 square feet out of 23,500 square feet on the development’s west end next to Burlington Coat Factory. He said he’s currently in discussion with an undisclosed tenant for 10,000 square feet, and another 4,500 square feet is available for lease. A $1 million declared valuation is listed on a city permit for the Phase II building, according to past Springfield Business Journal reporting. Rankin said there is no timeline for Phase III of the estimated $78.5 million development on 98 acres.