A $5 million renovation is underway at a Plainview shopping center, to which off-rate store T.J. Maxx will relocate this 12 months.
The renovation perform at Woodbury Plaza on South Oyster Bay Street will include a new facade, indications, walkways and other enhancements, explained Robert Delavale, vice president and director of leasing for Breslin Realty Advancement Corp., the Garden City organization that co-owns the buying center with Manhasset-dependent true estate organization Colin Advancement LLC.
The $5 million renovation job started five months ago, said Wilbur F. Breslin, chief executive and chairman of the board at Breslin Realty.
“The renovation would entail the whole shopping center, which would have been the second time because I bought the centre in 1979 that we’ve redone the middle. … The facade [and other renovations] will be finished by Sept. 15,” he mentioned.
The 1st renovation of the purchasing centre was accomplished in the early 1980s, Delavale reported.
T.J. Maxx will turn into the greatest anchor in Woodbury Plaza when it moves into the 24,000-square-foot conclude unit at 401 S. Oyster Bay Highway that home decor store Bed Bathtub & Beyond vacated in January. The T.J. Maxx is at present throughout the street in a 30,000-sq.-foot space in Woodbury Purchasing Middle, at 410 S. Oyster Bay Road in Hicksville, the place it has been given that 1997.
“We foresee that our T.J. Maxx store … in Hicksville will relocate to the Woodbury Plaza this slide. We have about 70 associates who operate in our recent locale and they are predicted to transfer to the new area,” said Bethany Crocetti, spokeswoman for The TJX Firms Inc., the Framingham, Massachusetts, business that owns T.J. Maxx.
Equally the Plainview and Hicksville shopping facilities are within the Town of Oyster Bay.
Built in 1955, the Plainview shopping heart is a 102,000-sq.-foot development. It has absent much more substantial-end in the past handful of several years with the addition new tenants, these types of as the 2020 arrivals of The French Workshop, which is section of a Queens-based mostly artisanal bakery chain of a few stores, and Trek Bicycle Retail outlet, which is owned by a Waterloo, Wisconsin-based mostly retailer, Delavale reported.
Other existing tenants include Tub & Overall body Functions clothing shops Loft, Hole and Banana Republic and grocer Trader Joe’s.
The change in the tenant blend assisted spur T.J. Maxx’s selection to relocate from across the road, Delavale mentioned.
“I feel, No. 1, due to the fact we have a a great deal superior tenant blend to complement their goods. I imagine we have much more visibility and I think it experienced a thing to do with … the physical layout of their present keep,” he claimed.
Crocetti did not depth why T.J. Maxx was relocating, over and above stating, “We are always evaluating and examining our genuine estate methods and our selection to relocate this retailer reflects that thinking.”
Josam Associates LLC, a Smithtown-primarily based entity that owns Woodbury Browsing Centre, did not return a Newsday request for comment.
In January, Michael Levin, president of Josam Associates, advised Newsday that price reduction grocer Aldi was contemplating leasing two-thirds of the house T.J. Maxx occupies immediately after the off-rate retail outlet vacates.
On Friday, Aldi reported it did “not have any information and facts to share about a opportunity Aldi retailer opening in Hicksville.”