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Game's over for another mall tenant
By PAT JENKINS
The shakeup at SeaTac Mall continued last week with an announcement by KB Toys that its store at the Federal Way shopping mall is one of 375 nationwide that will close as part of bankruptcy proceedings.
The departure is the third by a major retailer at the mall in the past year.
Gottschalks pulled out last summer, and Mervyns was shuttered last month. The company that owns Mervyns will replace it with Target, another of its retail chains, however.
KB, a privately held company based in Pittsfield, Mass., filed Jan. 14 for a Chapter 11 bankruptcy for protection from creditors while it restructures.
Besides the Federal Way location, 11 stores will close in Washington, including two at SuperMall in Auburn. Firm dates for closures havent been announced.
KB considers the stores its closing to be the poorest performers in sales, according to reports. Nationally, about 3,500 employees will lose their jobs in the closures.
Gary Martindale, general manager of the mall, said there isnt a new tenant waiting to replace KB.
The former Gottschalks space is scheduled to be filled this year by a 16-screen movie theater by Century Theatres.
Demolition of the Mervyns store began last week to make way for the new Target superstore, which was announced last year. Construction is expected to begin in March.
Federal Way city officials last week issued a formal decision of environmental non-significance for the Target project, provided related conditions such as traffic management and improvements are addressed by the developers.
The change involving Target and Mervyns is one of the most noticeable changes at the mall since it was purchased last February by Steadfast Commercial Properties, a California-based developer. Other cosmetic makeovers, including redesigned main pedestrian entrances and a recently unveiled childrens play area indoors near the former Mervyns site, are part of the first major redevelopment of the mall since it opened in 1975.
The malls name is scheduled to change soon to The Commons at Federal Way.
Besides the store departures at the mall, Federal Way lost a fourth major retailer in January when REI closed its store at Gateway Center.
Editor Pat Jenkins: 925-5565, firstname.lastname@example.org