Anthropologie Pulls Out as Promenade Tenant, Groundbreaking Likely in Early Spring
Anthropologie will no longer be the anchor tenant for The Promenade project but a groundbreaking will still likely occur in late March or early April.
Anthropologie will no longer be the anchor tenant at the Promenade, the new mixed-use development slated for the old Acme site, project investor Jim Worthington confirmed.
However, Worthington said construction is still on track to begin this spring. Worthington said he is "95 percent" confident he has a different anchor tenant lined up to fill the approximately 9,000-square-foot spot. Once that business commits, Worthington said he can move forward with getting the necessary financing in place for the project.
Anthropologie's decision to back out of leasing at The Promenade was part of a higher corporate plan and had nothing to do with the development, Worthington said.
Worthington said he could not name the potential anchor tenant at this time.
The Promenade will feature 20,000 square feet of retail space in two buildings. There will be five retail tenants, as well as 26 one-bedroom apartment rental units. No full-service restaurants with liquor licenses will be permitted in the development.
Worthington estimates construction will begin on the site sometime in late March or early April.