Monday, February 25, 2019

Mall News

D. Legends Holdings Pte Ltd., a creator of indoor virtual reality parks, has retained R.J. Brunelli & Co. Inc. to broker its entry into the US Market. The Legend Heroes Park concept combines virtual and augmented reality technologies with physical movement for an “immersive ” experience, including hologram concerts, a raceroom, and robot VR theme park rides. The company is seeking 30,000 to 40,000 s/f locations in major US markets including New York, Atlanta, Orlando, Las Vegas, San Francisco, Boston, Chicago, Philadelphia, and D.C. Regional malls are the preferred venue, where the company can absorb vacant sub-anchors or single floors of subdivided department stores. Legends Holdings will also consider big-box spaces in high-profile power centers, strip centers, and freestanding highway locations as well as warehouse/flex buildings... Macy’s will close its Swansea (MA) Mall store next month, the only MA location of 9 Macy’s that will close nationwide in early 2019. Macy’s operates 690 Macy’s and Bloomingdale’s stores...Charlotte Russe Holdings Corp. announced it has filed for Chapter 11 bankruptcy protection. The young women’s fashions retailer said it plans to close about 95 stores while continuing to pursue a sale of the business and assets. Charlotte Russe operates more than 500 stores, including 10 under its Peek Kids banners.

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