The old Belk location in the
Banks Crossing shopping center will not be vacant much longer.
Stein Mart, a retail chain
based in Florida, will be opening a store there May 10, according to a
spokesperson at the corporate headquarters in Jacksonville.
The 40,000-sq. ft. site will
be the chain's 12th metro Atlanta location, Stein Mart director of stockholder
relations Susan Edelman said Thursday morning.
Fayetteville officials, plagued
with large empty storefronts for much of the past year, are thrilled with
the news.
"We are tremendously excited,"
said City Manager Joe Morton. "It'll be great for the shopping center."
Belk vacated its Banks Crossing
location last year to move into a new building at Fayette Pavilion.
Another large Banks Crossing
tenant, Kmart, cleared out soon afterward when that company closed a number
of its stores. Kmart has not reopened in Fayetteville.
Morton pointed to Stein Mart
and other developments, such as World Gym and Hobby Lobby recently locating
in Fayetteville Corners long after Wal-Mart and Winn Dixie left, as proof
that the retail market is picking back up in these formerly vacant areas.
The city has been active in
pursuing tenants for some of these places, and Morton said there is some
interest in the Kmart site as well as the former Roberds location, vacated
last year when that company went bankrupt.
But the city had nothing to
do with the Stein Mart move, he added.
Since Stein Mart is not constructing
a new building but is instead moving into a former retail location occupied
All store improvements are
interior and require only Building Department approval, and signs also
can be approved at the staff level, Morton said, meaning neither the City
Council nor the Planning and Zoning Commission need be involved in the
move.







Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…