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Lakewood’s Belmar shopping center to add three retailers20 May

After three years of negotiations, Best Buy and Nordstrom Rack have agreed to open stores in new space being built at the southeast corner of South Wadsworth Boulevard and West Alameda Avenue in Lakewood’s Belmar shopping center.

A third retailer, which will be revealed this month, plans to open across from Whole Foods at the corner of South Vance Street and West Virginia Avenue. A total of 210,000 square feet will be built for the three retailers.

“We had to ride through the down market with them and get everything back up to speed,” said Mark Falcone, principal of Continuum Partners, the project’s developer. “It’s a relief to see things moving in a positive direction. It’s a slower, steadier road, but people are worried about demonstrating that their businesses can grow.”

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