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Developer warns market conditions and PG&E delays slowed Soledad retail project; Tractor Supply and Quick Quack among prospects
Summary
Newmark Retail California updated council on the Solidad retail marketplace, saying tenant wins (Grocery Outlet, Dutch Brothers) have improved momentum but construction-cost escalation and utility delays have altered earlier plans; the developer reported actual bids once received rose sharply compared with earlier estimates.
John Lee, senior vice president with Newmark Retail California, told the Soledad City Council the long‑running retail redevelopment of the shopping center has made recent leasing progress but still faces hurdles in a small market.
Lee said anchor tenants Grocery Outlet and Dutch Brothers are performing above expectations and that Tractor Supply and Quick Quack are in negotiation. He described a near‑term strategy:…
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