Sequim residents are getting closer to having two of the largest retailers in the arts and craft and beauty industries right in their backyard.
Construction started one month ago on a 30,000 square-foot building valued at more than $3 million that will house a Michaels and Ulta Beauty between Ross Dress for Less and The Home Depot.
The concrete walls of the building can be seen going up in the Sequim Village Marketplace where the building is on track to be complete by April of 2018, according to representatives with Washington Capital Management Inc., the investment advisor to the pension trust that owns the center.
The building permits for the space were filed Nov. 1, 2016 and were pending as of February of this year as company officials waited for internal approvals to begin construction.
“We will be delivering the space to (Michaels and Ulta) April 1, 2018,” Jenny Gage, vice president and asset manager for Washington Capital said.
Gage said Washington Capital, on behalf of its clients, will deliver the new space to the businesses and her guess is Michaels will open within a month or two of that date and Ulta could open July or August.
Ulta will have 10,000 square-feet and Michaels will have 17,900 square-feet.
“We are very excited to have these two national retailers in Sequim and they should bring in a lot of traffic,” Gage said.
Michaels is the largest arts and crafts retailer in the United States and Ulta Beauty is the largest beauty retailer in the U.S.
According to the company’s website, Michaels operates 1,262 stores worldwide as of Jan. 31, 2015, and Ulta operates 974 stores in 48 states and the District of Columbia as of Jan. 27, of this year.
Gage said Washington Capital owns most of the pads in the shopping center except for Costco, The Home Depot and First Federal and builds and leases the pads as part of an investment for local building tradesmen’s retirement funds.
Micheals and Ulta representatives were not available for comment.