Tuesday, July 25, 2006
Décor Retailer setting up shop in plaza development
tenants expected for Malpeque Road development.
BY CAITLIN MCINTYRE
Construction of the new plaza development on Malpeque
Road should be completed by January, says APM president
So far, Linen and Things, a US-based bedding and décor
retail store, and a liquor store relocating from the
Charlottetown Mall, are the only confirmed tenants.
The plaza, located adjacent to Sears, will also house
two additional tenants yet to be announced.
The liquor store is scheduled to open sometime in
August, while all other stores should debut next
January, Banks said. Earlier this year, the PEI Liquor
Control Commission announced plans to move the liquor
store from the mall to the Malpeque Road plaza.
This will be the first Linens and Things on Prince
Edward Island, and just the second in Atlantic Canada.
“Construction of the building is about 80 per cent
complete and should be completely finished by January
1.” Banks said in an interview Friday. “Everyone
should be occupied by then and ready for business,”
Banks hopes Sears will serve as a strong anchor for the
new 42,000 square-foot plaza. Furthermore, he said
contrary to some public opinion, the new Sears is doing
“extremely well” and should successfully draw customers
to both facilities.
Sears and the upcoming plaza are both part of the
Royalty Power Centre, which is owned by APM.
3 Lower Malpeque Road