From what I understand, both Old Navy and Ultra Beauty will move out of their spaces in University Mall into the old Best Buy location under renovation on the north side of Highway 13. That will only a collection of small retail storefronts in the mall, with no large stores to draw in shoppers. If this trend continues, I could see SIH as the only tenant at Univeristy Mall by 2025.
The persistent rumor that SIH has a tentative agreement to buy or lease the whole mall gains more traction everyday. The old Macys location is no longer for sale/lease and there are way too many solid sources in the Old Navy camp who say Old Navy wanted to stay in the mall but the mall owners refused to sign another lease. Bed, Bath and Beyond os the other store moving into the Best Buy location and they too had an option to extend their lease but it was denied by mall ownership.
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