Polaris shopping mall bankruptcy will not quit new tenants from opening
Polaris Style Put has signed quite a few new tenants due to the fact its
Polaris Style Put has signed quite a few new tenants due to the fact its Columbus-primarily based parent firm, Washington Key Team, submitted individual bankruptcy.
At the very least five new tenants have joined the North Side shopping mall due to the fact the June 13 Chapter 11 filing.
The biggest new tenant is Fieldhouse United states of america, which opened its large indoor sports activities advanced in June on the website of the former Sears Office retail store. The complex consists of eight volleyball courts (or five basketball courts) and an adventure park that includes trampolines, climbing walls and a “Ninja” program, among the other capabilities.
On the way: a keep referred to as Public Lands, replacing the Discipline & Stream retail outlet on the north aspect of the shopping mall, which closed in April. This will be next Public Lands retail outlet in the nation when it opens in Oct.
Usually, four new tenants have joined Polaris this summer:
• J’s Sweet Treats bakery. This boutique bakery opened July 16 on the 2nd floor across from Saks Fifth Avenue.
• Bridal Splendor Co. The retailer and cosmetic service heart, a division of DramaFree Magnificence, opened July 10 on the lower amount involving Von Maur and JCPenney.
• Akira. The women’s athletic and leisure clothes store opened June 24 on the reduce stage among 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 lessen amount close to JCPenney.
The merchants observe various other the latest arrivals, such as The Candle Booth, Baron & Co. barber store, All In escape room, Elarose women’s clothes keep, Shelbys Sugar Shop, the Vault apparel retail store and Stems & Stone, which opened late last 12 months.
Several of new tenants, including J’s Sweet Treats, Tiki Botanicals, Bridal Magnificence Co. and Stems & Stones, are based in Columbus.
“At Polaris Trend Spot we really embrace the area entrepreneur,” reported Tamra Bower, normal manager at Polaris Trend Put. “We strive to present one of a kind retail, food and amusement solutions, and when we can welcome wonderful local locations like these, it is even greater.”
The shopping mall however has some holes to fill including spaces a short while ago vacated by City Baggerie and The Day-to-day Growler.
Large vacancies also continue being in the browsing center’s eastern outside wing, though new tenants are also on the way there. The athletics bar Stadium will open soon in the space once occupied by the Brass Tap and COhatch is increasing into the adjacent area, a lot more than doubling its area at Polaris.
Some of the major latest tenants – such as Fieldhouse, COhatch and All In escape room – illustrate the center’s attempts to widen its tenant mix past retail to consist of support. Fieldhouse alone expects to draw in 1½ million once-a-year site visitors to Polaris.
Washington Prime filed personal bankruptcy June 14, signing up for other mall operators to file for safety all through the pandemic. The company acquired $100 million in financing to support operations at its facilities, which are concentrated in the Midwest, East Coast and Florida, as it labored towards a resolution with creditors.
The business claimed then that its business enterprise operations would not be affected by the individual bankruptcy filing. Washington Key filed a reorganization plan June 23 and presented the prepare to a Texas bankruptcy decide July 12.