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Hay Creek Shops Developer Defaults, Construction Delayed

Dick's Sporting Goods logo, one of Hay Creek's announced tenants

Woodmont Company, the developer of north Bismarck’s Hay Creek Shops, has defaulted on the land purchase for the retail development. This has temporarily stunted construction; however, the land owner, Ron Knutson, is seeking another developer, according to a Bismarck Tribune interview. He further states that the deal is still “about 95 percent likely.”

Construction is expected to resume within a few weeks, with original tenant commitments intact.

When completed, Hay Creek Shops will boast several new national retailers, including Dick’s Sporting Goods, Bed, Bath, & Beyond, Gordman’s, and Michael’s.

UPDATE (08/28/2014): The Bismarck Tribune is reporting that a new investor has been secured to continue the development. 

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