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.

Laurie January 08, 2013 at 04:40 PM
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.
bobrodo January 08, 2013 at 04:59 PM
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.
R U guessing ? January 08, 2013 at 05:20 PM
Beneficial bank wants to come to Newtown, why not in the promenade !
R U guessing ? January 08, 2013 at 05:22 PM
come up with some of those deli $$$$$$$$$$.
Matthew Michael Maher January 08, 2013 at 05:44 PM
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).
MR January 08, 2013 at 05:55 PM
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? ;)
Melanie S. January 08, 2013 at 06:16 PM
How about a hair or nail salon? Newtown certainly doesn't have enough of those.
PeoplePlease January 08, 2013 at 06:40 PM
with 26, 1 bedroom apartments...I'd put a planned parenthood there. in all seriousness....why all, 1 bedroom apartments?
Kara Seymour January 08, 2013 at 07:39 PM
that article states that feature is expanding to existing stores.
Kara Seymour January 08, 2013 at 07:43 PM
I don't know much about retail at all. Thanks for sharing the article, it was an interesting read.
MR January 08, 2013 at 08:28 PM
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.
James Waitkus January 08, 2013 at 09:22 PM
Johnny, you are entertaining as hell! One problem. I can't figure out who "Daddy" is????
Nicole January 08, 2013 at 10:01 PM
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.
wordsmith January 08, 2013 at 10:02 PM
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
MR January 08, 2013 at 11:29 PM
I don't care if they come or not; that was not the point of what I was saying... I've already been in steady contact with Whole Foods for quite some time and I know what the deal is here in Newtown and why they haven't taken a location in this area. So thanks for the advice, but I have no interest in contacting Trader Joe's.
steven p January 09, 2013 at 02:18 AM
WAWA !!!!!!!!!!!
Newtown Resident January 09, 2013 at 02:22 AM
I second the WAWA!
stating the facts January 09, 2013 at 10:38 AM
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?
Carol Smith January 09, 2013 at 01:03 PM
Colleen January 09, 2013 at 01:59 PM
WAWA would be the best, would bring more traffic though
Jeanne A Black January 09, 2013 at 04:47 PM
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!
Bob A January 09, 2013 at 04:57 PM
Looking forward to any of these stores. WaWa would be a great addition, as would an Abercrombie, or Trader Joe's.
Nicole January 09, 2013 at 05:08 PM
This would be so great - make shopping much more convenient!
Steve DeAng January 09, 2013 at 05:25 PM
Bob, I like the idea of a Trader Joes since we don't have one in the area.
MR January 09, 2013 at 06:15 PM
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...
Ashish Sitapara MD January 10, 2013 at 04:01 AM
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.
linda bruck January 13, 2013 at 01:53 PM
Trader Joe's only will open if there's a Wholefoods within a few miles of them. So Trader Joe's won't happen :(
steven p January 14, 2013 at 01:12 AM
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.
Tink January 30, 2013 at 03:07 AM
Trader joes has been talking to the owner of the shop n bag in richboro he is ready to retire and looking to sell
the VOICE January 30, 2013 at 07:49 PM
The one that lived in the Free House Knows, Y do U think they got rid of her .


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