Shopping center is 95 percent committed, with 40 percent of businesses now open, developer says
Construction continues at Magnolia Park, the 550,000-square-foot retail behemoth strategically located at the intersections of Woodruff Road, I-85 and I-385, with new stores and restaurants slated to open soon.
Many buildings are in various stages of construction, but “we expect everything to be open by the end of this year,” said Marc Yavinsky, executive vice president for Menin Development, a Palm Beach, Fla., company that has owned the shopping center for the past seven years. Cabela’s, a specialty retailer of outdoor merchandise, is expected to open by the end of March, and Golfsmith, a golf and tennis specialty retailer, is looking at a February opening.
New tenants at the center previously announced include Nordstrom Rack, Toby Keith’s I Love This Bar and Grill, Dave and Buster’s, Yard House, Babaziki’s Mediterranean Grill and Allen Tate Realtors.
Others that have recently signed leases include men’s clothing store Destination XL, Another Broken Egg Café, Beef Jerky Outlet, retail brokerage firm Scottrade, Tucano’s Brazilian Grill and Grimaldi’s Brick Oven Pizzeria.
The existing movie theater, Hollywood 20, which is owned by Regal Cinemas, will be changing its signage to Regal Cinemas. The theater will also be painted so that it “conforms and ties together with the rest of the buildings,” said Yavinsky.
In front of the theater will be a large open plaza area where “people can hang out,” said Yavinsky. He said there will also be some sort of feature in the middle of the plaza area, perhaps a fountain, but it hasn’t been decided yet. The two restaurants that flank the theater will have large outdoor patio areas.
And while the area that contains Sears, Old Navy, The Christmas Tree Shoppes and Bed, Bath and Beyond is not owned by Menin Development, Yavinksy said they are working closely with that owner since they share an entrance and common property.
For many newer tenants, this marks the company’s first entry into the South Carolina market. Cabela’s, Nordstrom Rack, Dave and Busters, Yard House and Toby Keith’s will all be firsts in S.C. Cheddars, Firebirds and Bad Daddy’s Burger Bar also opened their first S.C. stores at Magnolia Park.
Mainstays such as Costco, Rooms to Go, Toys R Us and Regal are doing “some of the top sales volumes in the state,” said Yavinsky, and that has attracted a lot of interest. Yavinsky says that the size and location of the shopping center creates “a regional drawing power that will bring people far and wide. Greenville is a dynamic community that these tenants want to have a presence in.”
Menin is working with local Greenville developer Harper Corporation and leasing is being handled by Collett. “Even though we are located in Palm Beach, Greenville has been a great place to work and develop relationships with the local community,” Yavinsky said.
Several other leases are in the works and announcements are expected to be made soon. Yavinsky says the center is about 94 percent committed with about 40 percent (of the tenants) open and operating.
“Magnolia Park will be a place for everyone, with a unique group of tenants that don’t exist anywhere else in the state,” said Yavinsky. “There will be a good lineup of restaurants, entertainment venues and retailers, which means there will be something for everybody.”
