A Massive Mall Now Shutters And Closes All Retail Stores

A massive mall now shutters and closes all retail stores due to ongoing complications following the covid-19 pandemic.

Developer JBG Smith (JBGS) has made the heavy decision to shutter the Crystal City Shops just outside of Washington, D.C.

The Crystal City Shops, also known as the Crystal City Underground, had been in operation since 1976 and served as a mainstay for commuters in and around the Washington, D.C., area.

It featured a metro stop, coffee shops, medical and dental practices, a theater, and restaurants.

It functioned primarily underground in Arlington, Va., less than 1.5 miles from the Pentagon and three miles from downtown Washington.

“After careful consideration, we have made the difficult, yet necessary, decision to close the retail operation of the Crystal City Underground,” JBG Smith said on Tuesday.

“As the retail landscape has shifted and as National Landing has continued to evolve, it has become apparent that the Underground retail concept is no longer financially sustainable.

We are working with tenants as they relocate, offering flexibility during this period of transition.”

“As we continue to assess the long-term plan for the space, corridor access will remain open.

We will continue to share updates as they become available,” the company shared.

The underground mall met trouble during and after covid, reports TheStreet.

“Many of the shops struggled to keep their doors open, as they largely depended on commuters and spillover foot traffic from the busy areas above ground.”

At its height, over 40 businesses operated in the underground, with some ultimately planning to expand when Amazon announced it would open HQ2 in Crystal City.

However, those plans largely fell through after covid and many folks instead opted to work at home or move away from the urban area entirely.

Only roughly 25 businesses remained as of late 2023 with all closing before the end of the year.

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

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Market News Today - A Massive Mall Now Shutters And Closes All Retail Stores.
Market News Today – A Massive Mall Now Shutters And Closes All Retail Stores.

A popular Italian restaurant now announces an unexpected closure after nine years in business, according to an email sent to customers.

Italian Eatery, located in south Minneapolis, Minnesota, told its long-time customers that it planned to shut its doors.

The beloved restaurant, also known as ie, also plans to close its sister restaurant un dito, known for its Sicilian seaside street food, per The US Sun.

They have not announced a closing date but are expected to close between late May and mid-June, according to Bring Me The News.

“As we prepare to close our doors at ie and un dito, we’d like to extend a heartfelt invitation for you to join us for our final months of service,” an email to customers from Carrara $ Co. read.

“Gather with us at the table and let us reminisce over the incredible memories we’ve created together and cherish the moments shared over the past nine years.”

Italian Eatery has been a popular spot since its opening in 2016 and is known for its full-service drinks and dining near Lake Nokomis.

Un dito is a 400-square-foot space that specializes in sips and snacks or afternoon gatherings like you would see in Italy, according to its website.

The restaurant’s “Last Supper” reservations will be released every week and shared in weekly newsletters, according to its website.

“As always, we will continue to reserve walk-in tables at both ie + un dito for our beloved neighborhood,” the announcement read, according to the outlet.

Carrara & Co. also owns due, a focacceria and Italian market in St. Paul, Minnesota that the company calls “Italian Eatery’s spawn, aka quirky little brother,” according to its website.

Despite the Minneapolis closures, due will remain open.

“I’m pleased to inform you that all other Carrara & Co operations remain unaffected, including Due Focacceria, and we are even expanding our services,” according to a statement, reported by NBC affiliate KARE.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

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Market News Today - A Massive Mall Now Shutters And Closes All Retail Stores.
Market News Today – A Massive Mall Now Shutters And Closes All Retail Stores.

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