Anthropologie Slotted As Anchor Tenant for Newtown Development
Over at our sister site, Shoppist, the news is good for Bucks County Anthro fans: The Promenade development in Newtown Township — which is planned as several retail stores and 26 luxury apartments — has reached “an agreement in principle” with Anthropologie, owned by Urban Outfitters Inc., to be its anchor tenant. The reason the language is tentative right now is because Promenade developers have yet to secure funding for the project, which can’t happen until problems with the Bucks County Water and Sewer Authority are resolved.
But Urban Chief Development Officer Dave Ziel is clearly optimistic about the development’s future — and he is not a guy who speaks off the cuff. “Anthropologie is incorporating the final deal points and we are hopeful of completing the transaction is the very near future,” he told the Bucks County Courier Times. (This isn’t the Promenade’s first dance with Anthropologie, which was slated to be a tenant before and then pulled out.)
Newtown Township is feeling pretty good about this “get,” as Shoppist editor Emily Goulet puts it. The Newtown Township Board of Supervisors’ Mike Gallagher told the Times that the Anthro deal “is further proof that Newtown is a great place to shop, work and live.”