Slumping Economy Isn't Slowing Yakima's Retail Expansion - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Slumping Economy Isn't Slowing Yakima's Retail Expansion

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YAKIMA, Wash. -- By the end of December, South 1st Street should have a new Sonic and a Panda Express. The Walgreens on Yakima Avenue should be done by then as well.

Many financial experts say the country is facing an economic crisis, but Yakima continues to attract commercial retailers and chain restaurants. So what makes developers believe they can succeed in Yakima?

Chris Waddle, a commercial real estate consultant for Creekside Realty, says Yakima's demographics make success a relatively safe bet.

"These are retailers that target the medium to lower income demographics and Yakima is a perfect fit for them", says Waddle. "I can absolutely see why a variety, a large list of national retailers, are coming to Yakima".

The city could have a new business district in the area of 64th Avenue and Nob Hill Boulevard, the proposed site for Yakima's second Wal-Mart. Waddle says it's definitely more than just a proposal.

"It's a done deal. It's a sure thing. It's out for grant and fill permits right now", he says.

 

 

 

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