Published on August 2nd, 2016 |2
Cost Plus World Market may be lost with planned redo of Disco Kroger center
According to Bisnow, Equity One COO Mike Makinen told investment analysts on a recent earnings call that the firm will be “allowing certain lease expirations that would otherwise be simple to renew or refill to remain longer-term vacancies,” including the Cost Plus World Market at its Kroger-anchored Piedmont Peachtree Crossing shopping center.
While Makinen did not go into details on its planned redevelopment, Bisnow reported the company revealed renderings on its website earlier this year on a major redevelopment of the property that will include multifamily. (See BuckheadView’s earlier story, here)
If Equity One lets go of Cost Plus, it would effectively free up 20,000 square feet at the center.