Mall signs anchor department store
A local mall has announced the replacement for one of its anchor stores.
The owner of Woodland Mall in Grand Rapids, Philadelphia-based PREIT, said today it is replacing Sears with a 90,000-square-foot Von Maur department store.
In January, Sears announced it will close multiple stores throughout the U.S., including at Woodland Mall. The 313,000-square-foot Sears store there is slated to close in March and be torn down.
In its place will be Von Maur, as well as 30,000 square feet of casual restaurants, expected to open in 2019, according to PREIT.
The Business Journal reported last month that a PREIT map of proposed retailers for Woodland Mall, dated Nov. 11, 2016, lists Von Maur.
“The redevelopment of Woodland Mall is an incredible opportunity to allocate capital to fortify one of the strongest assets in our portfolio,” PREIT CEO Joseph Coradino said. “Through the recapture of Sears and signing of Von Maur, we’re proactively reducing our exposure to select department stores, while simultaneously offering exclusive, high-quality retail and dining experiences that will continue to fuel traffic and strong sales at the property.”
The map also indicates a Golf Galaxy, REI, The Container Store, Yard House, J. Alexanders, Kona Grill, Mission BBQ and Shake Shack all could be potential tenants at Woodland Mall.
Von Maur was founded in Davenport, Iowa in 1872 and now has 31 stores in 14 states.
Von Maur opened a location for its Dry Goods brand at Woodland Mall last September.
”Woodland Mall represents the ideal addition to our existing stores in Michigan,” said Jim von Maur, president, Von Maur. “We look forward to becoming a premier shopping destination in Grand Rapids for years to come.”