Michaels will reopen in Pelham Manor in the Post Road Plaza only three months after shuttering its store across the street, according to a press release Tuesday from Levin Management Corp., which represented the shopping center’s owners in negotiations for the 22,000-square-foot lease.
The arts and crafts retailer will join anchor store ShopRite as well as Dave & Buster’s, HomeGoods, Panera Bread, CityMD Urgent Care, Citibank and Smashburger in the shopping center at the intersection of Boston Post Road and Pelham Parkway.
In December, Michaels closed its outlet in the Pelham Manor Shopping Plaza, which is across Pelham Parkway from Post Road Plaza. At the time, employees said the store would relocate in Pelham Manor’s retail district but the company would not comment.
The press release did not provide an opening date for the new Michaels.
“Michaels is a terrific addition for Post Road Plaza, which is established as a destination property featuring national brands,” said E.J. Moawad, the LMC senior leasing representative who negotiated for Post Road Plaza’s ownership. “Our latest addition is deeply familiar with the local market and already has a strong customer base here. Michaels’ recommitment in the immediate neighborhood reflects the desirability of this location.”
LMC said it is seeking to sign leases for two remaining properties at Post Road Plaza.
Pelham Manor’s main retail district has seen some turnover in the past year and a half. Fairway supermarket was replaced by ShopRite in Post Road Plaza after Fairway filed for Chapter 11 bankruptcy and several of its locations were sold to a company that operates 29 ShopRites. The Pelham Nail Bar is taking over the space occupied by Chase Bank in the Pelham Manor Shopping Plaza, while the Lidl Food Market is planning to move into Michaels’ former location.
Post Road Plaza draws 3.9 million visits annually, according to real-time traffic data from Placer.ai, the press release said. The property serves a population of more than 411,000 people within a three-mile radius.
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