The bankruptcy of the Polaris shopping center does not prevent the opening of new tenants
Polaris Fashion Place has signed several new tenants since its Columbus-based parent company, Washington Prime Group, filed for bankruptcy.
At least five new tenants have joined the North Side Mall since the June 13 Chapter 11 filing.
The largest new tenant is Fieldhouse USA, which opened its massive indoor sports complex in June on the site of the former Sears department store. The complex includes eight volleyball courts (or five basketball courts) and an adventure park with trampolines, climbing walls and a “Ninja” course, among others.
On the way: A store called Public Lands, replacing the Field & Stream store on the north side of the mall, which closed in April. It will be the country’s second Public Lands store when it opens in October.
Otherwise, four new tenants joined Polaris this summer:
• J’s Sweet Treats Bakery. This boutique bakery opened on July 16 on the second floor across from Saks Fifth Avenue.
• Bridal Beauty Co. The cosmetic retailer and service center, a division of DramaFree Beauty, opened on July 10 on the lower level between Von Mauer and JCPenney.
• Akira. The women’s sports and leisure clothing store opened on June 24 on the lower level between JCPenney and Von Mauer.
• Tiki botany. The store specializing in handmade candles, sugar scrubs, soaps and shampoos has been open for a few months but will host its grand opening on August 4 on the lower level near JCPenney.
The stores follow several other recent arrivals, including The Candle Booth, Baron & Co. barber shop, All In escape room, Elarose womenswear store, Shelbys Sugar Shop, Vault clothing store, and Stems & Stone, which opened at the end of last year.
Many new tenants, including J’s Sweet Treats, Tiki Botanicals, Bridal Beauty Co., and Stems & Stones, are based in Columbus.
“At Polaris Fashion Place, we really embrace the local entrepreneur,” said Tamra Bower, Managing Director of Polaris Fashion Place. “We strive to offer unique retail, dining and entertainment options, and when we can accommodate great local destinations like these, it’s even better. “
The mall still has a few holes to fill, including spaces recently vacated by Urban Baggerie and The Daily Growler. Large vacant seats also remain in the outer east wing of the mall, in spaces once occupied by the Brass Tap bar and the maternity ward of the maternity ward.
But some of the larger recent tenants – such as Fieldhouse, CoHatch and All In escape room – exemplify the centre’s efforts to expand its tenant lineup beyond retail to include service. Fieldhouse alone expects to attract 1.5 million annual visitors to Polaris.
Washington Prime filed for bankruptcy on June 14, joining other mall operators to demand protection during the pandemic. The company received $ 100 million in funding to support the operations of its centers, which are concentrated in the Midwest, East Coast and Florida, as it worked on a resolution with creditors.
The company then said its business operations would not be affected by the bankruptcy filing. Washington Prime filed a reorganization plan on June 23 and presented the plan to a Texas bankruptcy judge on July 12.