Power Center

Waterfall Shoppes

Waterfall Shoppes is a 412,597 SF Power Center at 5120 28th Street SE, Grand Rapids, MI, USA, with 13 tenants including Costco, Target, and Dick's Sporting Goods. In the last 24 months it recorded 1 opening and 0 closings. The 10-minute drive-time population is 23,116 with a median household income of $83,768, according to Brandmarch.

Open-air·13 stores across 412,597 SF·5120 28th Street SE, Grand Rapids, MI, USA

Recent Activity in Last 24 months

Dates shown here are when each event was detected. Actual event may have occurred up to 30 days earlier. Next digest sends Sunday.

Opened
Five Below5114 28th Street SE, Suite A
Opened ~Aug 2025
Showing 1-1 of 1 activities
Locations · Growth Trajectory

+1 net stores since Q4 2024

Growing tenants · 1 opens, 0 closes

About Waterfall Shoppes

Waterfall Shoppes is a first-class power center located on 28th Street SE in Grand Rapids with excellent freeway visibility off I-96. Opened in 2005, the center comprises approximately 417,000 square feet of gross leasable area and is anchored by major retailers. The 46-acre property provides ample parking and multiple access points, serving the greater Grand Rapids retail market.

Demographics

Property Report

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News

Tenant Mix by Category

12 brands across 11 categories

Grocery
2 (16.7%)
Footwear
1 (8.3%)
Mass Merchant
1 (8.3%)
Office Supplies
1 (8.3%)
Restaurant - Casual
1 (8.3%)
Restaurant - Coffee/Tea
1 (8.3%)
Restaurant - Fast Casual
1 (8.3%)
Restaurant - Juice Bars
1 (8.3%)
Restaurant - QSR/Fast Food
1 (8.3%)
Discount Stores
1 (8.3%)
Sports + Recreation
1 (8.3%)

All Tenants

Costco
Costco
GroceryN/A
Target
Target
Mass MerchantN/A
Dick's Sporting Goods
Dick's Sporting Goods
Sports + RecreationN/A
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See the full tenant roster and category breakdown

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