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Development Projects in Progress RK Real Estate & Development

May 10th, 2024 – RK Real Estate & Development, an affiliate company of Rural King, has an extensive portfolio encompassing nearly 20 million square feet across 14 states. Randy Goodman, PresidentAlex Justice, Senior Director; and Maggie Jones, Sales & Leasing Associate at Goodman Real Estate Services Group, are currently working alongside RK Real Estate & Development to develop $100 million of retail space and outlots.

Take a look at a few of RK Real Estate & Development’s projects that are currently underway!

Parkway Plaza – Cambridge, Ohio

RK Real Estate & Development and the Goodman Real Estate team redeveloped this 150,000 SF former Kmart shopping center, now anchored by Rural King, Marshalls, and Bealls. They are now currently leasing a new 51,834 SF Phase II adjacent development, with up to 26,510 SF available to join Michael’s and Five Below (negotiating leases).

This thriving center is positioned just off Interstate 70 and less than one mile from the east/west Interstate 70 and north/south Interstate 77 interchange, providing excellent visibility and easy access for all surrounding communities.

RK Real Estate & Development and the Goodman Real Estate team redeveloped this 150,000 SF former Kmart shopping center, now anchored by Rural King, Marshalls, and Bealls. They are now currently leasing a new 51,834 SF Phase II adjacent development, with up to 26,510 SF available to join Michael’s and Five Below (negotiating leases).

This thriving center is positioned just off Interstate 70 and less than one mile from the east/west Interstate 70 and north/south Interstate 77 interchange, providing excellent visibility and easy access for all surrounding communities.

The Shops on US 24 – Huntington, Indiana

This former Kmart redevelopment is located at the signalized, high-traffic intersection of US-24 and Guilford Street. The city serves as the county seat of Huntington County, and the site is located across the street from Huntington University, and down the street from Huntington North High School. The development will be anchored by T.J.Maxx and Five Below (at lease), and there is currently up to 51,875 SF available in the remaining box space, with 4,500 SF available in the to-be-constructed multi-tenant outlot building next to T-Mobile (negotiating lease).

The Shops at Emerald Acres Sports Connection – Mattoon, Illinois

The Shops at Emerald Acres Sports Connection (opening 2024) is the retail, restaurant, and hotel component of the 150 AC Emerald Acres sports complex development, located in Mattoon, Illinois – the hometown and headquarters of Rural King. The project is currently under construction on the southwest corner of the I-57 and Charleston Ave E interchange. The current tenant lineup includes Bealls-HomeCentric, Michael’s, Famous Footwear, Ulta, Five Below, Chipotle, Chick-fil-A, and Sport Clips. Retail space and outlot opportunities are currently available for restaurants, hotels, and other retail uses.

The site will offer walkable access to the retail, restaurant, and hotel amenities for players, families, and coaches, elevating the customer experience and driving repeat visits to the sports complex, which will include a 140,000 SF indoor fieldhouse (currently under construction) and 12 multi-purpose turf fields that can host 20 junior baseball/softball fields, 4 varsity baseball fields, and 8 soccer fields. Once open, the sports complex is projected to draw nearly 600,000 visitors to the city annually.

The Shops at Emerald Acres is Now Under Construction!

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