Polaris shopping mall personal bankruptcy won’t end new tenants from opening
Polaris Vogue Spot has signed a number of new tenants considering that its Columbus-centered father or mother firm, Washington Key Group, filed bankruptcy.
At least five new tenants have joined the North Facet shopping mall since the June 13 Chapter 11 submitting.
The greatest new tenant is Fieldhouse United states, which opened its significant indoor sports activities sophisticated in June on the internet site of the former Sears Department retail outlet. The elaborate includes eight volleyball courts (or five basketball courts) and an adventure park that includes trampolines, climbing walls and a “Ninja” program, between other capabilities.
On the way: a retailer known as Public Lands, replacing the Area & Stream store on the north aspect of the mall, which shut in April. This will be 2nd Public Lands retail store in the nation when it opens in October.
In any other case, four new tenants have joined Polaris this summer months:
• J’s Sweet Treats bakery. This boutique bakery opened July 16 on the 2nd ground throughout from Saks Fifth Avenue.
• Bridal Beauty Co. The retailer and cosmetic service middle, a division of DramaFree Natural beauty, opened July 10 on the reduce level concerning Von Maur and JCPenney.
• Akira. The women’s athletic and leisure clothing retail store opened June 24 on the decrease level between JCPenney and Von Maur.
• Tiki Botanicals. The shop specializing in handmade candles, sugar scrubs, soaps and shampoos has been open a couple months but will host its grand opening Aug. 4 on the reduce stage in the vicinity of JCPenney.
The retailers observe various other recent arrivals, such as The Candle Booth, Baron & Co. barber store, All In escape room, Elarose women’s apparel store, Shelbys Sugar Store, the Vault clothing store and Stems & Stone, which opened late previous year.
A lot of of new tenants, including J’s Sweet Treats, Tiki Botanicals, Bridal Magnificence Co. and Stems & Stones, are based in Columbus.
“At Polaris Fashion Area we truly embrace the neighborhood entrepreneur,” mentioned Tamra Bower, normal manager at Polaris Vogue Area. “We attempt to offer exceptional retail, meals and enjoyment selections, and when we can welcome good regional places like these, it’s even superior.”
The mall still has some holes to fill which include areas not too long ago vacated by Urban Baggerie and The Everyday Growler.
Substantial vacancies also remain in the browsing center’s eastern outdoor wing, whilst new tenants are also on the way there. The sports bar Stadium will open quickly in the space once occupied by the Brass Tap and COhatch is expanding into the adjacent house, more than doubling its place at Polaris.
Some of the most important new tenants – such as Fieldhouse, COhatch and All In escape room – illustrate the center’s efforts to widen its tenant combine outside of retail to involve support. Fieldhouse alone expects to draw in 1½ million yearly site visitors to Polaris.
Washington Key submitted individual bankruptcy June 14, signing up for other mall operators to file for security for the duration of the pandemic. The business obtained $100 million in financing to support operations at its centers, which are concentrated in the Midwest, East Coast and Florida, as it worked toward a resolution with lenders.
The company claimed then that its business enterprise operations would not be impacted by the individual bankruptcy filing. Washington Prime submitted a reorganization system June 23 and presented the approach to a Texas bankruptcy judge July 12.
@JimWeiker
