Polaris mall individual bankruptcy will not halt new tenants from opening
Polaris Fashion Spot has signed various new tenants because its Columbus-based mostly mum or dad corporation, Washington Prime Team, filed individual bankruptcy.
At minimum five new tenants have joined the North Side shopping mall because the June 13 Chapter 11 filing.
The most significant new tenant is Fieldhouse Usa, which opened its enormous indoor sports intricate in June on the web site of the previous Sears Division shop. The elaborate includes eight volleyball courts (or 5 basketball courts) and an journey park that includes trampolines, climbing walls and a “Ninja” program, amid other attributes.
On the way: a retail outlet called General public Lands, replacing the Subject & Stream retail store on the north facet of the shopping mall, which closed in April. This will be second Community Lands shop in the country when it opens in October.
Otherwise, four new tenants have joined Polaris this summer season:
• J’s Sweet Treats bakery. This boutique bakery opened July 16 on the 2nd ground throughout from Saks Fifth Avenue.
• Bridal Splendor Co. The retailer and cosmetic service heart, a division of DramaFree Attractiveness, opened July 10 on the lessen level involving Von Maur and JCPenney.
• Akira. The women’s athletic and leisure clothing retail store opened June 24 on the decreased level concerning JCPenney and Von Maur.
• Tiki Botanicals. The shop specializing in handmade candles, sugar scrubs, soaps and shampoos has been open up a few months but will host its grand opening Aug. 4 on the reduce stage around JCPenney.
The retailers adhere to many other modern arrivals, including The Candle Booth, Baron & Co. barber store, All In escape place, Elarose women’s apparel shop, Shelbys Sugar Shop, the Vault clothes shop and Stems & Stone, which opened late last year.
Many of new tenants, including J’s Sweet Treats, Tiki Botanicals, Bridal Natural beauty Co. and Stems & Stones, are based in Columbus.
“At Polaris Style Put we definitely embrace the area entrepreneur,” mentioned Tamra Bower, basic manager at Polaris Fashion Place. “We attempt to give unique retail, foodstuff and enjoyment options, and when we can welcome great regional locations like these, it is even superior.”
The mall however has some holes to fill which include areas a short while ago vacated by Urban Baggerie and The Every day Growler.
Significant vacancies also continue to be in the shopping center’s eastern out of doors wing, despite the fact that new tenants are also on the way there. The sports activities bar Stadium will open up quickly in the space once occupied by the Brass Tap and COhatch is growing into the adjacent space, more than doubling its space at Polaris.
Some of the most important modern tenants – such as Fieldhouse, COhatch and All In escape room – illustrate the center’s initiatives to widen its tenant combine beyond retail to include things like company. Fieldhouse alone expects to appeal to 1½ million annual site visitors to Polaris.
Washington Key filed personal bankruptcy June 14, becoming a member of other mall operators to file for safety through the pandemic. The organization acquired $100 million in financing to support operations at its facilities, which are concentrated in the Midwest, East Coastline and Florida, as it worked toward a resolution with lenders.
The company explained then that its company operations would not be influenced by the individual bankruptcy submitting. Washington Key submitted a reorganization system June 23 and introduced the plan to a Texas personal bankruptcy choose July 12.