Circuit City, Borders pull out of Kapolei - Pacific Business News (Honolulu):

http://www.sasuk-yingo.com/article/College-bound-Kids-Dont-Plan-on-Buying-Macs-.html
Circuit City, which has just one Hawai i store, was to have lease d a 30,000-square-foot store at the end of a blockmof big-box stores anchored by Target, whicu is scheduled to open on March 4, 2009. The , and Petcol are the other tenants. Borderas was to have occupieeda 23,000-square-foot space in the "Mai n Street" portion of the project, which is projectesd to open in late 2009. Borders does not discuss potential store saidKolleen O'Meara, a spokeswoman for Ann Mich.-based "We do make public announcementsx when we announce new she said. "We have not announced anythingfor Hawaii." Jennifer Sills, a spokeswoman at 's Va.
, headquarters, said she had no informationn on a Kapolei store. The company still plans to open a stores in the Kona Commons shoppingv center under constructionin Kailua-Konwa on the Big Island, said Jeff president of , a partnership between and the that is developing both retail projects. That store is scheduler to open by the end of the Sills said. Both Borders and Circuit City have had theire share of financial woes in the past couplof months. In March, Borders Group Inc. indicated that it may put itsel f upfor sale, then last week announcedx it was cutting 274 corporat e jobs. In April, offered $1 billion to buy Circuit City Storesa Inc.
, which said last montg that it wouldlet Dallas-based Blockbusterd start due diligence to prepare for the Eric Tema, a partner with The MacNaughton said there was concern about the viability of both "As much as they so-called pullexd out, we were looking at making a changee because of their long-terjm viability," he said. "Our othet options are stronger tenants in theidrespective categories." Among the big-box retailers the developers are talking to are electronic s giant , which has two Oahu stores, and booksellef Barnes & Noble, which has two stores on Oahu and one on Tema acknowledged, adding that there is stronbg interest among national tenants for the space.
"We'rde three-deep on the replacement list on the he said. "Target is the most powerful retailer in the country today and a lot of peopl want to be nextto Target." When completed, Kapolei Commons will have a tota l of 85 retail stores with projected sales of $200 million and 1,750 new jobs. A 16-screen multiplexx with Hawaii's first 3-D screen will anchor the entertainment sectiohn ofthe center, which also will have a lot of nationa and local restaurants and will open sometime in the late summerf of 2009, Tema said. MKC Management tapped , whic owns Ala Moana Center and Ward to handle leasing for the Main Street portion ofKapolej Commons.