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Town Center leasing upheaval: new owners, bankruptcies and several store changes reported
Summary
City staff reported a mix of business openings, closings and lease problems in Town Center: Advanced Carpet 1 opened after purchasing its property, Sinea Spice Grocery plans to close Aug. 31, 2025, and several prospective tenants including American Mattress and a managed‑care firm have halted openings amid bankruptcy or lease disputes.
City planning staff updated the Economic Development Committee on multiple recent Town Center business developments on Aug. — no formal action was taken.
The department reported that Advanced Carpet 1 at 170 Plaza Drive purchased its building in April and recently installed wall signage; a ribbon-cutting ceremony is being scheduled. By contrast, Sinea Spice Grocery at 2444 Taylor Road, which had a ribbon cutting earlier this year, plans to close on Aug. 31, 2025; the store cited “current conditions” for the decision, staff said.
Staff described several leasing complications at the former PNC Bank building and adjoining plaza. A tenant identified as Managed Care Professionals (also referenced in signage as HOV/Source) at 183 Plaza Drive had been operating largely as a remote office and, according to staff, the broker collecting rent (CenterCo) notified the city that the tenant went bankrupt and the lease was terminated. Staff said PNC Bank continues to honor its own lease; any new tenant would need to exit PNC's agreement before taking that space.
Separately, a planned American Mattress store at 2440 Taylor Road has halted opening plans after the company and its subsidiary entered bankruptcy proceedings; staff said the chain paused openings and the previously anticipated July 2025 opening will not proceed.
Staff also said the property manager is reviewing town-center signage ownership and tax records after signs appeared with unclear coordination; the city's permitting records show the city approved the main Town Center sign but did not approve each individual panel that had appeared.
Staff closed by listing local employers currently hiring, and reminded listeners the farmers market runs through Oct. 4 with a seasonal market later in the fall. Committee members discussed exterior lighting and sign maintenance on the PNC building and outreach to a new auto business that apparently changed hands to Luxury Lane Automobiles.
