Plans for former Stonecrest Sears include food hall, entertainment center
Officials from Stonecrest Resorts announced plans for phase two of the renovation of the former Sears building near The Mall at Stonecrest will include a $17 million project that centers around a family-friendly multi-use development.
Officials from Stonecrest Resorts—a real estate company that company officials said was created to repurpose vacant real estate at The Mall at Stonecrest—announced that the plans will feature a food hall with several entertainment concepts, a health and wellness center, an event facility, and a full-service co-working space designed for creative industry professionals.
Stonecrest Resorts closed on the former Sears building in October. In phase one of the renovation, Stonecrest Resorts welcomed SeaQuest, an aquarium and petting zoo company.
The development is named Privi, and Stonecrest Resorts officials said it is an adaptive reuse of a 144,00 square-foot former Sears building. SeaQuest occupies 25,000 square feet.
According to the press release, the building is 85 percent leased and a list of tenants will be revealed in future announcements. Stonecrest Resorts officials said they are interested in several types of tenants.
Food and beverage
The press release states that there will be a 50,000 square foot chef-driven food hall that will be the centerpiece of the project. The release states that some of the food and beverage concepts coming to the food hall include an upscale fine-dining restaurant, a hip-hop-themed karaoke concept, a rib and comedy joint, sushi, and a wine bar and market.
Retail
Stonecrest Resorts officials said the retail portion of the project will include a music and bookstore with a coffee shop, home goods and a clothing and shoe store. Planning is also underway to include a cigar emporium, according to the press release.
Health and wellness
According to the press release from Stonecrest Resorts, the health and wellness complex will feature a day spa, sauna studio, a vitamin therapy institute, a mixed martial arts training and fitness center, oxygen and juice bar, a healthy food cafe, and a mental health and family therapy concept.
Meeting and Workspace
The 18,000 square foot facility will include a co-working space with meeting rooms and private offices; studio space for photography, podcast, and digital media productions; and a 6,000 square foot multipurpose event space.
Family Entertainment
Plans state that the family entertainment offerings include SeaQuest, and plans for an axe throwing concept, a comedy venue, an escape room, interactive golf simulators with a full slate of gaming options, and a multimedia art studio.
According to a press release from Stonecrest Resorts, financing for the second phase of the project settled before the plans were announced and pre-development is already underway.
“The development plan for this project is innovative and financially strong so we didn’t hesitate to get on board because malls like Stonecrest are going to survive and thrive,” said Keith Thomas, CEO of Private Capital Investors.
The 15.1-acre parcel includes two buildings totaling 143,000 square feet and was purchased from the City of Stonecrest Urban Redevelopment Authority for $2.1 million in a sale that closed in October.
