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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.

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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.

Related Topics: Anthropologie and The Promenade

Lisa

8:02 am on Tuesday, January 8, 2013

Trader Joe's is the way to go

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Becky

8:02 am on Tuesday, January 8, 2013

How about we just build a small community park there? Oh wait, no capital to rake in - sorry - what am I thinking?

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2013

12:22 pm on Tuesday, January 8, 2013

come up with some of those deli $$$$$$$$$$.

Leslie Dunleavy

9:51 am on Tuesday, January 8, 2013

Trader Joe's? Wegmans??!! Whole Foods? Apple store?

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Newtown Res

10:20 am on Tuesday, January 8, 2013

Very excited about this addition to Newtown. The site was an eyesore for so long and I am happy that someone is finally making the effort to restore that part of Sycamore Street.

Would be a great place to live with alot to do in walking distance.

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Sarah S

10:27 am on Tuesday, January 8, 2013

I am so excited about this new addition to the Newtown community! Much better than the old Acme.

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Schmitty

10:28 am on Tuesday, January 8, 2013

I'm with you! Trader Joe's, Wegmans or Whole Foods...Please??

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Blair

10:41 am on Tuesday, January 8, 2013

I agree. I am very excited to see this project when completed. It will be a beatiful addition to Newtown.

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Laurie

11:40 am on Tuesday, January 8, 2013

Anthropologie, although a great store, is not the only great draw for the Promenade. There are plenty of retail stores that could be a great addition to this great addition to Newtown. In business and retail these changes are bound to happen and I for one have great expectations for the Promenade.

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bobrodo

11:59 am on Tuesday, January 8, 2013

Chipolte! As for buiding on left side that shows as stand alone, is that another bank? Hope not as we already have too many already in town.

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2013

12:21 pm on Tuesday, January 8, 2013

Beneficial bank wants to come to Newtown, why not in the promenade !

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Matthew M. Maher, Esq.

12:44 pm on Tuesday, January 8, 2013

Apple would NEVER come to Newtown (too small, remote). The square footage available at the Promenade is not large enough for a Wegman's and, most likely, a Whole Foods. A Trader Joe's, however, would fit nicely (think downtown location in Media, PA).

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MR

12:55 pm on Tuesday, January 8, 2013

Trader Joe's would be the only market that might fit into this space based on the size of the proposed drawing shown above. Whole Foods and Wegman's both require a larger footprint... It would be great though, especially a Whole Foods! Too bad about Anthropologie, it's such a nice store. Maybe a Barney's Co-Op? ;)

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Melanie S.

1:16 pm on Tuesday, January 8, 2013

How about a hair or nail salon? Newtown certainly doesn't have enough of those.

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PeoplePlease

1:40 pm on Tuesday, January 8, 2013

with 26, 1 bedroom apartments...I'd put a planned parenthood there.

in all seriousness....why all, 1 bedroom apartments?

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MR

3:28 pm on Tuesday, January 8, 2013

I don't think the rent is too high for Trader Joe's; most of their stores are in high rent locations. And, that's not to say that I think Trader Joe's is taking a space in the new Promenade shops. But it would certainly seem that a place like Trader Joe's would be able to afford a spot in Newtown over some of the other small retail attempts that have tried and failed over the years. And, that is not to say that I don't support small business, in fact, I would prefer it to the large scale corporate homogenization that is occurring all over the place. But, unfortunately, because rent is so high in Newtown, the smaller stores really struggle to make it here.

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James Waitkus

4:22 pm on Tuesday, January 8, 2013

Johnny, you are entertaining as hell! One problem. I can't figure out who "Daddy" is????

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Nicole Turner

5:01 pm on Tuesday, January 8, 2013

Trader Joe's has been contacted repeatedly about opening a store Newtown, and they have been firm in their reply that they are not looking to open in Newtown.

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wordsmith

5:02 pm on Tuesday, January 8, 2013

I'm so happy with McCaffrey's going into the Genuardi site that I'm no longer interested in Trader Joe's. How about a Pottery Barn, Restoration Hardware or a Williams Sonoma. No matter, we have no say, right?! ha ha

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Colleen

9:00 am on Wednesday, January 9, 2013

WAWA would be the best, would bring more traffic though

stating the facts

5:38 am on Wednesday, January 9, 2013

How about a casino? That's the only thing "Big Jim" is missing at the theme park he built. First a water park, then a restaurant, and then a bar; at a FITNESS CENTER? C'mon, remember all the restrictions the BoS placed on others wanting the same? ...a restaurant &/or bar in the industrial park?

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Carol Smith

8:03 am on Wednesday, January 9, 2013

RENEGOTIATE WITH ANTHROPOLOGIE!!!! WE WANT THEM ~~ EVERYONE WAS SOOOOOOOOOO EXCITED ABOUT THEM COMING CLOSER TO BUCKS COUNTY!!!

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Jeanne A Black

11:47 am on Wednesday, January 9, 2013

I would really like an Abercrombie & Fitch, so I don't have to drive so far. Actually any cool store everyone is suggesting would be great!

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Bob A

11:57 am on Wednesday, January 9, 2013

Looking forward to any of these stores. WaWa would be a great addition, as would an Abercrombie, or Trader Joe's.

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Nicole

12:08 pm on Wednesday, January 9, 2013

This would be so great - make shopping much more convenient!

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Steve DeAng

12:25 pm on Wednesday, January 9, 2013

Bob, I like the idea of a Trader Joes since we don't have one in the area.

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MR

1:19 pm on Wednesday, January 9, 2013

What the residents of Newtown want has absolutely nothing to do with what will actually be there. In the end, none of this makes any difference; stores will come and go, some of the retail space will sit vacant, and life will go on...

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Ashish Sitapara MD

11:01 pm on Wednesday, January 9, 2013

I'm curious, what do residents think of an urgent care center? One that's open after 5pm when doctors typically close their offices till 10pm and weekends and early am.

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linda bruck

8:53 am on Sunday, January 13, 2013

Trader Joe's only will open if there's a Wholefoods within a few miles of them. So Trader Joe's won't happen :(

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steven p

8:12 pm on Sunday, January 13, 2013

I got it big jim should make it the new home of the NEWTOWN CORPORATION
Then the taxpayers could visit and look at there books and see what happened to all the money they had !!!!! This could free up some space at the township complex that they could rent out to some other shady people.

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the VOICE

2:49 pm on Wednesday, January 30, 2013

The one that lived in the Free House Knows, Y do U think they got rid of her .

Tink

10:07 pm on Tuesday, January 29, 2013

Trader joes has been talking to the owner of the shop n bag in richboro he is ready to retire and looking to sell

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