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Hot Springs


tim2462

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Magic Springs appears to be getting new owners. CNL Lifestyle has entered into an agreement with REIT outfit EPK out of Kansas City. Maybe they'll invest in some new dry side rides and actually try to grow the business instead of putting along. 

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TCBY and New Images Boutique moved out of Cornerstone Marketplace. New Images Boutique has moved to Temperance Hill Square, and TCBY is moving next to United Medical on Higdon Ferry. The TCBY will be a TCBY/Mrs. Field's combination. In place of the old TCBY and old Mattress King spots in Cornerstone Marketplace, Ulta Beauty will be opening a store. Mattress King moved to the old Luxe Boutique spot. 

On Airport Road, Harvest Foods has went out of business, and First Security Bank will be opening in the shopping center with Foxy Nails and Orange Leaf.

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Two tenants have been announced for the East Ridge commercial development at the corner of Carpenter Dam and Malvern Avenue. Relyance Bank will be building a branch, along with Citizens Bank. This Citizens Bank location will be Hot Springs' headquarters. Also, a "popular coffee shop" was mentioned, when tenants were announced today in the paper. 

Citizens Bank plans on opening five more locations in the Hot Springs area over the next few years, adding to the two locations already in Hot Springs. 

In downtown, a jazz bistro will be located in the Citizens Building. The jazz bistro is named, Legoria's Rhythm & Rocks Jazz Bistro; it will be located on the second floor of the Citizens Building. Also, at 249 Ouachita Avenue, the Downtown Historic District will welcome its first new construction in years. A new store has recently opened up downtown, too: Metaphysical Connection in the 100 block of Central Avenue. 

 

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T-Mobile will be opening in the former Verizon Wireless space on Albert Pike. Downtown, the hotel, The Waters, has opened, and the Beef Jerky Outlet has announced a location in the Wade Building next to the Arlington. Also downtown, Argentinian Coffee and Wine Bar & Thai Me: Downtown will be opening soon in the former building which housed Chez Julie Gifts. Will's Cinnamon Shop has bought the building at 1001 Central Avenue, and they plan to renovate the building and open by summer. The new building being built on Ouachita Avenue will house Mountain Valley Armory, which is moving down the street. 

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Sephora will be opening a store inside JCPenney at Hot Springs Mall. Wacky Weiner is opening a restaurant in the mall, along with a location in the Mowery-Wyatt center on Albert Pike. Another store, CJs Consignment will be opening in the mall. Ollie's Bargain Outlet will be opening it's first Arkansas location in the Central City Shopping center; it is supposed to be approximately 40,000 square feet. On the west side of town, The Harvest Foods building is being refurbished, with rumors being that the former Harvest Foods will either be a gym or a Brookshire's Grocery. In front of the old Harvest Foods building, First Security finished refurbishing the old Allstate building, but Orange Leaf has went out of business. 

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Recently, the Hot Springs market has been hit hard with the ever-changing retail scene. Hot Springs Mall has had some more casualties to add their list since last time. Zales and Don Juan's have closed, while it looks like Uniq, a clothing boutique that opened a year ago, is closing, along with Kay Jewelers. When you walk through the mall, you're ALONE. Down the street, at Cornerstone Marketplace, Homegoods is down to its final two weeks, and rumors are Office Depot is closing! Those are two huge spots that will be empty, but Ulta Beauty is about to open and Dolce Gelato is expanding to a bigger space. 

A Hanger Clinic will house the remaining spot in the Fairgrounds Crossing development, making it 100% occupied for the first time since it was built. 

Verizon Wireless opened a new store, on Albert Pike, in the old Bedding Mart building, in front of Wal-mart. 

Downtown, the Arlington has sold to a new developer which plans to renovate the Arlington back to its former glory. Also, the Aristocrat is supposed to be turned into condos!! I'm so excited that downtown is having a resurgence of life in it! Will's Cinnamon Shop and the Malco are in the process of being renovated and are soon to open. 

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