Hot on the heels of the recent announcement that Maine-based Cadillac Mountain Sports was opening a location at the Bangor Mall, yet another business is coming to that bastion of buying: Regis Salons.
According to James Gerety, the Bangor Mall’s general manager, the Regis location is under construction now and will likely be open in early April. The spot is a few doors down from The Gap, and near The Children’s Place, Gerety said.
They’ve got signs up for hiring – so sharpen your scissors and oil your clippers…!
The Minnesota-based salon chain says on its website that it’s the market leader in the industry, at nearly 10 times the size of its closest competitor.
It has more than 12,700 worldwide, Regis said, with brand names including Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women.
Cadillac Mountain Sports is also planning an early April opening. Last month, company President Matthew Curtis told my colleague Andy Neff that he’s been eying Bangor since 2003, and bought a 1.7-acre piece of land next to the Circuit City building.
“We felt being inside the mall was the best option at this point, but having that property allows us to possibly expand inside the mall and sell the land or expand by building our own store on that land,” Curtis told Andy.
Andy reported that the mall space is located directly across from Ruby Tuesday in the J.C. Penney wing of the mall and is currently being renovated outside and in.
The first quarter is normally dead for retail growth, and it certainly says something that the Bangor Mall is making not just one, but two tenant announcements.
“I think it’s a good sign, certainly. It is not the end of the new offerings that will be announced later on in the year,” Gerety said. “We’ve got other stores that are in the pipeline that we can’t announce yet – but there’s more to come.
“It is an indication that retail is alive and very well.”
That certainly reflects what we learned from Bev Uhlenhake of Epstein Commercial Real Estate in January. Uhlenhake spoke at the Real Estate Forecast Conference, and reported that a number of big box store spaces in the Mall area that had been vacant have recently filled, with new additions to the market including the Christmas Tree Shops, Books-a-Million,Lowe’s and Big Lots.
And, Uhlenhake said, while there has been little interest in recent years, national chains have begun showing an interest in the market again.