Stein Mart to Close City Location This Week for Move to Settlers Market
Stein Mart’s location in the city will close this week in preparation for its move to Settlers Market in James City County. (Photo by Amber Lester Kennedy/WYDaily)
Stein Mart in Williamsburg Shopping Center is closing its doors Saturday, but won’t be gone for long.
The store is slashing prices on its inventory in preparation for its move up Monticello Avenue to the new Settlers Market, where it will open March 7.
Stein Mart will leave behind 32,000 empty square feet in a struggling shopping center to join the long-delayed Settlers Market.
Evan Podob, the leasing agent for Williamsburg Shopping Center owners DLC, said the space has not yet found a replacement tenant, but he has talked with interested parties. He said the space is not being marketed strictly to clothing retail department stores.
Settler’s Market will bring several new brand names to Williamsburg area, including Michael’s craft supply store, HomeGoods and Ulta. The shopping center has also signed leases with Dress Barn, Shoe Carnival and Five Below. James City County Economic Development Director Russell Seymour said most of the stores are expected to open in early spring.
The new Stein Mart location in Settlers Market will open March 7. (Nicole Trifone/WYDaily)
A site plan of the shopping center also shows a Petco to be built at the intersection of Settlers Market Boulevard and Casey Boulevard, and a 35,000-square-foot anchor store beside the Stein Mart location is listed as “available.” One restaurant, Noodles & Company, has signed to one of the new spaces. The eatery, with several locations in Northern Virginia, specializes in noodle-based dishes from around the world, from mac and cheese to pad Thai.
Settlers Market’s construction stalled when the recession hit and owner AIG Baker defaulted on its loan, leaving four parcels mostly empty, except for an infrastructure of street lights and roads. New owners Federal Capital Partners and Westmoreland Partners began work on the site in May 2012.
It will also feature Walmart’s Neighborhood Market, a grocery concept from the big box store that will join Trader Joe’s and The Fresh Market to be the third grocery store in the intersection. Walmart purchased the property in 2008 and received approval to build a 41,785-square-foot facility from the county’s Development Review Committee in March 2012.
The development plan includes residential units, to be located on the 9 acres of property closest to New Town.
Posted by Amber Lester Kennedy
on January 29, 2013. Filed under Local News.
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3 Responses to Stein Mart to Close City Location This Week for Move to Settlers Market
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Jo Anna Price
January 29, 2013 at 8:34 pm
Let’s bring back Peebles! Stein Mart does not even compare… And I get very tired of seeing stores like this move out to “greener pastures,” while the downtown areas do without department stores. There are some people who do not have transportation to go to these outlying areas. The poor and people of little means cannot to to a major department store in “downtown” Williamsburg. We all need some of the basics that a large department store provides. Where does the selfishness and greed end???
The same can be said about local restaurants closing. Can’t we have some kind of good American food restaurant in the Colony Square Shopping Center? How about a small grocery store for people who live across the street and do not drive?
What about a bank branch like Langley FCU that used to be located there?
Pearl
January 29, 2013 at 11:09 pm
I really loved Peebles and also miss Roses. I travel to the Roses on Rte 17 often.
Bob R.
January 29, 2013 at 7:44 pm
Some would consider this progress.