The first major development news for Northlake Mall since the property’s acquisition last month.
Has the time come for suburban-style clothing retailers to make their exit?
Eighteen “underperforming” Kohl’s department stores are slated to close by June 19, the company in a press release announced Thursday.
The Northlake Mall outpost is on the closure list, as well as two other locations in Roswell and Lithonia – the latter which is slated to close in November.
Each Kohl’s store employs between 80 and 100, and all employees of closing stores will be able to choose between a job at a nearby Kohl’s or a “competitive” severance package, according to the release.
Northlake Mall was purchased in February of this year by ATR Corinth Partners out of Dallas, Texas. The commercial property group has history redeveloping declining shopping malls, such as Nashville’s 100 Oaks Mall. The group received an award from the Urban Land Institute for the project.
Amidst the announcement, readers and locals voiced their desires for what they would like to see in the declined shopping center. Among the suggestions were higher-end stores to better reflect the surrounding demographics: “people and money here are ready to revive this mall,” one commenter said.
“We have nice neighborhoods nearby who would love to be closer but go to Phipps, Brookhaven Town Center or Perimeter because Northlake got so bad,” another reader wrote.
Do you think stores like Kohl’s are on their way out? What would you like to see in the space of Kohl’s at Northlake Mall? Tell us below…
