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Rets il boom rolls through Central NY■ retailContinued from Page A1dollar makeover of most o? its six Central New York shopping centers.At Shoppingtown. Sears will also build a separate, 15.0G0-square-root auic repair center, said Thomas C. Wilmot, president of Wnmome Inc.“Sears wants to be in traditional mail space, not in outlet formats like Fayetteville is becoming,”Wilmoi said m an inters icw Tuesday. “And they had the choice of either remodeling their existing soace. which would be nrettv expensive and disruptive for customers, or moving up the street, which would be a cleaner choice.”as part OF what it called “avery important retail chess game,” Wilmorite also announced:^Marshall's discount clothing store has agreed to take 30,000 square feet of retail space at Fairmount Far in Fairmount. The former mall is being converted into a strip shopping center. Fashion Bug will also take 15,000 square feet in the center.A new Dick's Clothing Sporting Goods superstore, PC supermarket and Caldor, a discount department store, will anchor Fairmount, joining an existing Ames store.D T J Manx's ^ov? summer opening of a Caldor store should help lure other tenants to a troubled Fayetteville Mall, said Wilmot. Cohoe's and Burlington Coat Factory have already helped turn the mall around, he said.THE Steinbach store in Shoppingtown wiil close July 1, White Plams-based management of the chain has told employees, according to an internal memorandum. The executives whose names were on the memorandum did not return phone calls from the Her-ald-Journal about the closing.The memo indicated Steinbach wiil keep open its other Onondaga County department store, in the Carousel Center mall in Syracuse. Pyramid Cos. management, which operates the mall, said Steinbach has a 10-year lease on the space.Wilmot said Steinbach was losing hundreds of thousands of dollars at Shoppingtown.“For some reason, Steinbach never caught on u ith shoppers m Syracuse,” he said.Other retail industry sources said while the parent company of Steinbach, headed by the Bren-ninkmeyer family in Germany, remains solvent, unprofitable stores have been targeted for closure.Steinbach m 1992 moved into one floor of the former two-floor Addis Dev's in Shoppingtown, relocating from Wilmorite’s Penn Can Mall in Cicero. T.J. Maxx took over the other floor in 1991. Addis Dey’s moved into a new wing at Shoppingtown in 1991 after Wil-monte spent $53 million renovating the mall.A year later. Syracuse-based Addis Dey’s filed for bankruptcy protection and began closing all of its department stores.SINCE THEN, Syracuse’s retail market has been turning around.For Shoppingtown Mail, Sears’ move and the addition of a 46,000-square-foot Media Play store will leave the mall 90 percent leased by the end of the year, said Wilmot.Wilmorite and Syracuse-based PC are major players in what is shaping up to be a retail boom in Onondaga County this year.■ Wilmorite lured three Caidor stores to Onondaga County. Construction is nearing completion on the Fairmount, Fayetteville and Penn Can stores, expected to open in July.■ In February, PC said it willbuild five giant supermarkets in Onondaga County. Two of those stores are in Wilmorite shopping centers: Fairmount Fair and Fayetteville Mall. Buffalo-based Tops Markets and Kmart had been vying for the Fayetteville location to build giant grocery stores.■ Syracuse-based Pyramid Cos. is building a Lord Taylor department store at Carousel Center. It is scheduled to open later this year. Construction may also begin later this year on Pyramid’s Carousel Landing, a discount strip shopmng center to be built on land near Carrousel Center.■ The Minneapolis-based owner of Media Play is opening two major stores here th:s year, selling audio, video and computer software, bocks and magazines. One is in Shoppingtown. The other is in the Northern Lights shopping center in North Syracuse.■ Also, a BJ.'s Wholesale Club is under construction in Clay, near the Great Northern Mall.■ And a Wal-Mart is being built in East Syracuse.
Newspaper Details
Syracuse Herald Journal
Syracuse, New York, US
Wed, May 04, 1994
Page 112
Full Page
Clipped by
Keith C.
FL, USA 03 Jan 2021
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