Starbucks and Champps pulling out of Stony Point Fashion Park
First Build-a-Bear now this.
Champps shut down this past Tuesday citing decisions from corporate. According to Richmond.com Champps employed four managers and 53 hourly employees.
This morning Richmond BizSense.com has the news that the Starbucks in that same area of the mall will be closing effective Monday February 25th. What makes this more interesting is that while the mall has always lagged behind Short Pump the owners seem committed.
In recent years, Stony Point’s overall performance has trailed its rival Short Pump Town Center, which posted revenue three times that of Stony Point’s for 2012.
Signaling a commitment to the Southside mall, Taubman, the shopping center REIT that owns Stony Point,recently put up almost $100 million in cash to pay down an expiring loan backed by 343,000 square feet of retail space at the property.
Semi-related if Chipolte goes away I’ll be devastated.
Photos: Burl Rolett/Richmond BizSense.com
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