Sawmill Crossing has as many tenants and as much rent revenue as its owner, Kaibab Industries, projected for this point in its life. And its pad sales have met or exceeded expectations.
However, the construction plan is running a little behind schedule, according to Paul Peterson, spokesman for Kaibab Industries.
In the existing buildings there are only two vacant spaces. The main structure, where the Sawmill Theatres are located, has a single unit that is about 720 square feet.
The new structure, in which Club USA will occupy about 60 percent of the space, has an additional 1,700 square feet available for rent.
The construction of the Club USA building was one of the primary developments at Sawmill Crossing in 2002, but the one with the highest profile was the opening of Chili's Restaurant. Peterson said other developments included acquiring Flowers by June as a tenant and selling one of its Highway 87 frontage pads to REMAX. With the sale to REMAX, all of the Beeline pads have been purchased, however one pad on Main Street, where the construction trailer is located, remains available.
Peterson said construction plans call for another building to the east of the Club USA building. It will be about 10,000 square feet. He said they had hoped it would have at least been under construction, if not completed, by now, but the economy has put that behind schedule. It will probably be started in about six months to a year from now, Peterson said.
"We have been very happy with the way people have received the theaters. I believe Chili's is quite pleased with the response it has had. And Club USA will be open within two to three weeks," Peterson said.
As for the future, when the one building east of Club USA has been built and everything is fully occupied and the Main Street pad is sold, phase one for Sawmill Crossing will be complete, Peterson said.
He said for the time being there are no plans to develop the five acres on the south side of the property.
Sawmill Crossing businesses
Apothecary Shop of Payson
Flowers and Gifts by June
Marble Slab Creamery
Mountain Respiratory Care
Quizno's Classic Subs
Rim Country Kids
State Farm Insurance, Deborah Barber
The Cookie & Coffee Cafe