Texas A&M researcher Venkatesh Shankar discusses the future of retail with Delaware Online reporter Brandon Holveck. Delaware News Journal
The Prices Corner shopping center is bustlingonce again.
Only now it's construction vehicles that fill the center's parking lot, not busy shoppers.
Three more businesses are set to join the more than 50-year-old shopping center, which is undergoing a large-scale redevelopment that will bring a wave of new shops and restaurants as well as a new look.
AutoZone, Chase Bank and Two Claws, a Cajun seafood restaurant, have each agreed to deals with the shopping center, according to marketing materials posted by Arrow Real Estate Services.
They will join previously reported tenants Target and Chick-fil-A.
Construction crews reshape the former Sears at the Prices Corner shopping center into a Target. Target will anchor a redevelopment of the more than 50-year-old shopping center.(Photo: Brandon Holveck/Delaware News Journal)
Arrow lists late 2020 as the redevelopment's "delivery date." The project will include a new facade for much of the shopping center and two new pad sites in place of the former Sears Auto Center.
The pad sites, located at the edge of the shopping center along Kirkwood Highway, will be filled by Chick-fil-A and Chase Bank.Chase has openedseveral brick-and-mortar branches throughout northernDelaware over the past year and expects to open abranch in the Newark Shopping Center by August.
AutoZone will take the place of the former David's Bridal across from Pep Boys Auto, and about 3miles north of theAutoZoneat the Kirkwood Highway and Limestone Road.
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Two Claws opened its first location last summer, taking over the former Kenny's Pan Asian Cuisine location in Governor's Square Shopping Center in Bear. It's slated to fill in between the DTLR shoes and clothing storeand a nail salon.
Two Claws will open its second location next to DTLR in the Prices Corner shopping center.(Photo: Brandon Holveck/Delaware News Journal)
Construction crews have made significant progress on Target, which is taking part of the space previously occupied by Sears. Among the changes, the storefront is being recrafted to introducea larger entrance on the left side of the store.
The space is also being divided to housetwo tenants. A tenant for the second space, totaling roughly 67,000 square feet, has not been announced.
When asked about a date for opening, a Target spokesperson said the company has plans to open the store "in the coming years." Arrow's materials indicate the store will open later this year.
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The shopping center still has several vacancies, with signs from defunct stores such as Avenue Plus, Payless ShoeSource and RadioShack markingparts of the strip.
With constructioncurrently concentrated at the former Sears buildings, most of the other businesses in the shopping center are open,but with restrictions due to the coronavirus pandemic.
Some businesses have already felt the effects of shutdowns earlier this year, most notably J.C. Penney, which is currently the largest store in the shopping center.
After filing for bankruptcy, J.C. Penney closed more than 150 stores in May. The Prices Corner J.C. Penney and the company's two other Delaware locations survived. Retail experts expect more stores to close, especially those outside marquee malls, if the company doesn't first find a buyer.
"I dont think that J.C. Penney is going to be one of those companies that emerges,"Camilla Yanushevsky, a retail stock analyst for CFRA Research, said in May. "At the end of the day, I think theyll be liquidating their assets to get some cash back to creditors."
Like knowing what stores, restaurants and developments arecoming and going in Delaware? Join ourFacebook groupWhat's Going There in Delaware.
Contact Brandon Holveck at bholveck@delawareonline.com. Follow on Twitter @holveck_brandon.
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These are the latest businesses coming to the revamped Prices Corner shopping center - The News Journal
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