Crews remodeling former OfficeMax space in Boulder for new Michaels store

BOULDER — Work is underway on a tenant remodel for a new Michaels store in the Market Square Shopping Center space that was vacated by OfficeMax last year.

A spokesperson for Irving, Texas-based The Michaels Cos. Inc. (Nasdaq: MIK) on Tuesday declined comment on the Boulder site.

In addition to the interior remodel, a building permit issued by the city of Boulder indicates that work will also include a new storefront entry, replacement awnings and an accessible sidewalk.

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Michaels, an arts and crafts specialty retailer, already has a Boulder store at 4800 Baseline Road in the Meadows on the Parkway shopping center. It’s unclear whether the Market Square location will be an additional store or if the existing Boulder store will relocate. Michaels’ other store locations in the region include Superior, Longmont, Fort Collins and Greeley.

OfficeMax shuttered its Boulder store at 1880 30th St. in May of last year in the wake of a merger with Office Depot.

Columbia, Mo.-based The Kroenke Group – the real estate company of Stan Kroenke, whose Kroenke Sports Enterprises empire includes the Denver Nuggets and Colorado Avalanche — bought the Market Square Shopping Center in February of last year for $23 million. The center is anchored by a Ross clothing store, PetSmart and Walgreens.