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In its bankruptcy filing, Destination Maternity will commence to shutter no fewer than 175 locations by Oct. 28 and no fewer than 35 additional locations by Nov. 1.
Through what the city terms is a groundbreaking collaborative by government, businesses, philanthropies, and community leaders, the city will align more than $750 million in already allocated funding to the South and West Sides over the next three years.
To compete for and cater to residents in what is one of Brooklyn's most expensive submarkets, new and existing retailers are innovating their offerings outside of their traditional lane.
"Successful public-private partnerships are critical to advancing our community and region as a point of destination for job and business growth," says Tom Henry, Mayor of Fort Wayne.
The parcel, also known as the western portion of Block A, encompasses approximately 2.18 acres, with base development capacity of nearly 1,100 residential units and 1.7 million square feet.
Roughly half of respondents to a Deloitte survey stated they have developed in-house cyber resilience capabilities to limit the exposure of private data and the potential impact of a data breach.
The purchase of 217-unit building marks Pacific Urban's third multifamily purchase in the Northeast since the firm established a regional office in New York late last year.