Borders is due to make its somewhat-delayed opening at Legacy Place in June, becoming the fifth and final anchor store to welcome customers at the $200 million open-air mall.
The 25,000-square-foot bookstore will have a soft opening in mid-June, and is planning grand opening activities for the end of the month, said David Fleming, the corporate marketing director of W/S Development Associates.
“They had originally planned to open in the spring, but it was pushed back to June,” he said. “Borders, it’s a big addition to Legacy Place.”
Fleming said the developer, in crafting its tenant mix, looked “for what the customer wants and what the customer needs.”
“Among those needs we see things like the Whole Foods Market grocery store. L.L. Bean has a number of goods that people need. And the bookstore is another one of those customer needs that we look at,” he said, with the “wants” being Legacy Place’s restaurants, cinema and entertainment. That end of the mix includes anchors Kings and Showcase Cinema de Lux, from Legacy Place co-developer National Amusements.
Borders will be in the same building as P.F. Chang’s China Bistro, near the major intersection of Providence Highway and Elm Street. It will include a Seattle’s Best Coffee inside.
Fleming said that after Borders installed bookshelves last week, books would be coming in this week. It will take three weeks to “merchandise” the store.
The country’s second-largest bookstore chain, which includes Waldenbooks, said in late March that it lost $110.2 million from continuing operations in 2009 – an improvement over its $184.7 million loss in 2008.
Its fourth-quarter sales fell 13.3 percent, to $937.3 million – though its fourth-quarter earnings doubled, to $59.9 million, compared to the same period the year before.
This summer Borders is launching its own electronic book reader, called the Kobo.
Borders is one of a slate of new openings rounding out Legacy Place, which Fleming said is “getting closer and closer to full capacity and full occupancy,” nine months after its official debut last August.
Yard House, J.P. Licks, Beauty and Main, and Francesca’s Collections opened in March. Handcrafted jeweler Dandelion opened this month, as did Salon Capri, which Fleming called “one of Boston’s preeminent hair salons.”
In addition, new tenant signings at the 675,000-square-foot development include White House | Black Market, a boutique that offers sophisticated apparel and accessories in those two timeless colors “and occasionally related shades” for women 25 and older, and Love Culture, launched in the L.A. area in 2007, a fast-growing specialty retailer whose motto is “When Girls Take Over.”