WICHITA — Some Wichita investors have the Marina Lakes shopping center under contract on the southwest corner of 21st and Amidon, which is directly across from Twin Lakes.
Those investors in turn have a contract with Wal-Mart for the chain to put one of its Neighborhood Markets in part of the space.
The market, which is a small grocery concept, would go on the north end of the center.
This doesn’t mean that it’s a done deal, though.
First, the investors have to close on the property. The earliest that will happen is the first part of 2011.
Only then can the Wal-Mart deal be completed.
Wal-Mart has already closed deals for three other markets — at Central and Maize, Central and West and Harry and Webb — and there’s a good chance this deal could close as well.
However, as is the case with any deal like this, especially in this economy, nothing’s for sure until the deal is truly done.
Wal-Mart also has a contract to go to 13th and Oliver at Providence Square, though there are some hurdles yet to go.
There are a few existing tenants that have to agree to move before the deal can be done.
Finally, it looks like a Wal-Mart deal also is still in the works for 31st South and Seneca.
Wal-Mart isn’t talking about anything yet except the first three stores that have already been announced.
We’ll let you know as more deals are done.