A new Dollar Tree location is expected to open on the west side of Owensboro in the coming months. Construction is well underway for the building, located at 1761 W. Parrish Avenue near Owensboro Catholic High School.
A building permit for the location was issued Nov. 18 to Mike Measel, Inc. — a construction company based out of Eubank, Kentucky — for a 10,105-square-foot retail store, with a construction cost of $880,000.
An official with the construction company confirmed Tuesday the building will be a Dollar Tree, also saying it is expected to open within a couple of months.
A permit to install HVAC was also issued Nov. 4, with an installation cost of $69,520. A permit to install lighting, with a cost of $91,400, was issued Dec. 1.
There are two other Dollar Tree locations in Owensboro — one at 3500 Villa Point Drive Suite 111, and the other at 3980 Frederica Street.
Despite multiple efforts Dollar Tree officials did not respond to requests for comment, so it is unclear at this time if the new location will be a third for Owensboro, or if one of the current locations will be closing or relocating.
In recent company-wide news, Dollar Tree announced it will raise prices from $1 to $1.25 at all stores nationwide by the end of the first quarter of 2022.
“For 35 years, Dollar Tree has managed through inflationary periods to maintain the everything-for-one-dollar philosophy that distinguished Dollar Tree and made it one of the most successful retail concepts for three decades,” the company said in a quarterly earnings release in November. “However, as detailed in its September announcement, the Company believes this is the appropriate time to shift away from the constraints of the $1.00 price point in order to continue offering extreme value to customers. This decision is permanent and is not a reaction to short-term or transitory market conditions.”
The $1.25 price point will apply to a majority of Dollar Tree’s assortment. The company said it will enhance their “ability to materially expand its offerings, introduce new products and sizes, and provide families with more of their daily essentials. … Additionally, this new pricing strategy enables the Company to reintroduce many customer favorites and key traffic-driving products that were previously discontinued due to the constraints of the $1.00 price point.”