News

Dunkin’, Quick Quack Car Wash expected to open next year in Prospector’s Plaza near Placerville

Sacramento Business Journal – November 2, 2023

Prospector’s Plaza is a retail center near Placerville. More changes are coming to Prospector’s Plaza near Placerville in 2024, with the arrivalof Dunkin’ and Quick Quack Car Wash. The incoming businesses have been a long time coming, said Chris Shane, managingpartner of Gryphon Capital, which along with Rich Development Co. owns the center. After negotiating […]

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5 things to know: Small-format Target store makes local debut

The Business Journal – August 14, 2020

It’s been more than a year since we told you that Target Corp. would fill a former Kmart space at the Prospector’s Plaza retail property near Placerville. Update: The store at 3968 Missouri Flat Road has opened, and will hold a grand opening event on Sunday, according to representatives from Target (NYSE: TGT).

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Shoppers aim for Target as Placerville location opens

Mountain Democrat – August 13, 2020

A soft opening of the new Target store in Prospector’s Plaza in Placerville drew a number of shoppers Wednesday. Some even waited in line to be the first in when the store opened at 8 a.m. The grand opening is set for Sunday but that didn’t stop anyone from coming earlier as was obvious from the packed parking lot.

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Target set to open Aug. 12

Mountain Democrat – July 31, 2020

Eager shoppers get ready to start your engines because the new Target store in Placerville is set to open. Target management is planning a soft opening Aug. 12 and a grand opening Aug. 16. Details on a possible grand opening celebration were not available by press time. Already sporting a Starbucks bar near the entrance, the shelves were in and mostly stocked Wednesday — although the mannequins still needed clothes. The department store is in the process of hiring employees with applications taken at a desk inside the front entrance.

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Renovations on ‘Target’

Mountain Democrat – April 22, 2020

Construction crews — deemed as essential workers amid COVID-19 shelter-in-place orders — make progress last week on the remodel of the former Kmart building in Placerville that will be home to a new Target store.

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More tenants in negotiations for Placerville center, plans suggest

Sacramento Business Journal – October 17, 2019

It appears an upcoming Target store has led several major retailers to consider joining a Placerville shopping center. GC Placerville LLC, a joint venture of Gryphon Capital and Rich Development Co., bought Prospector’s Plaza on Missouri Flat Road in June. The purchase price for the 19.87-acre center was $24.13 million, according to records from real estate data service Reonomy.

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Target filling former Kmart space in Placerville

Sacramento Business Journal – July 11, 2019

Target will fill an empty former Kmart space at a retail center in Placerville, and other property improvements are in the works. Chris Shane, a managing partner with Gryphon Capital of Manhattan Beach, said the vacancy in Prospector’s Plaza lined up perfectly with a big-box store looking for a new location.

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New Target Store To Fill Spot Of Shuttered Kmart At Placerville Shopping Center

CBS 13 – July 11, 2019

PLACERVILLE (CBS13) – A new Target store is in the works for Placerville. Gryphon Capital and Rich Development announced back in June that they had bought Prospector’s Plaza, which is right off of Highway 50. As part of their announcement, the developers also announced plans for a new Target store that will open at the shopping center. […]

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Target to open in old Kmart location

Mountain Democrat – July 11, 2019

A new Target store is slated to open in Prospector’s Plaza in the summer of 2020 while at the same time the entire shopping center will undergo renovation. That announcement came on the heels of an earlier notification by Gryphon Capital and Rich Development that they are the new owners of Prospector’s Plaza…

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