This is one we don’t have to report on often… a closing.
It was reported today that Coldwater Creek will be closing it’s location at the Miller Hill Mall. The location is closing not due to underperforming sales at this location, but rather due to the fact that the company is filing for Chapter 11 bankruptcy. Coldwater Creek will close all 11 locations in Minnesota, including their location at the Mall of America and their outlet location at the Albertville Premium Outlets. An exact date for the closure has yet to be given, however the company looks to stop accepting gift cards and other company coupons by May 7th. A date for the store liquidation sales has yet to be given but has been said to be scheduled to coincide with the Mother’s Day holiday.
Coldwater Creek opened 2007 as the single tenant for the Miller Hill Malls redevelopment of the former Walgreen’s space. The space eventually was split into five different retail spaces housing Five Guys Burgers and Fries, AT&T, Dress Barn, Coldwater Creek, and one space that still remains vacant. It is unclear at the moment what will happen to the space. It is the most defining part of the lifestyle component in its architectural features and also the largest space. Quite a bit of the front streetscape has been devoted to food retailers, so there is a chance that this space could be perfectly suited for a restaurant. At around 6,000 square feet (if we remember correctly) it means that the space could host a many different formats of retailers or restaurants. It also abuts undeveloped space within the mall that has never had a retailer since it was made available in the 2007 redevelopment, which potentially could be combined with the Coldwater Creek space to allow a mall entry, something many mall visitors have complained about.
We will be sure to continue to keep you updated here at cdinduluth when more news becomes available.