Print
Real Estate - Commercial

National Retailer, More Coming To Hanover Center

By Cece Nunn, posted Nov 29, 2022
Homesense, a national retailer and discount concept from the same company that owns TJ Maxx, is coming to the former Stein Mart space, 3501 Oleander Drive, at Hanover Center in WIlmington. (Photo by Cece Nunn)

As a new apartment community rises behind Hanover Center, national tenants are preparing to fill some vacant spaces in Wilmington’s first suburban shopping center, built in 1955.

The largest new kid on the Hanover Center blocks will be Homesense, coming to 24,000 square feet in the former home of Stein Mart at 3501 Oleander Drive, which closed in 2020 after the clothing retailer declared bankruptcy.  

Homesense is the newest discount concept from TJX Companies (umbrella of TJ Maxx, Marshalls, HomeGoods and more) and is described by the company as “an off-price retailer of apparel and home fashions in the U.S. and worldwide.”

A November news release on the opening of a Homesense location in another state said the store “features a wide array of furniture, a rug emporium, a wall art and mirror gallery, an extensive lighting department that includes hanging chandeliers and a work-from-home section … Customers can also shop for seasonal items, including holiday decor and entertaining essentials, all at prices 20-50% less than full-price retailers, including department and specialty stores.”

Homesense operates more than 40 stores nationwide.

The remaining 13,000 square feet previously occupied by Stein Mart will be leased to one or more tenants, said Randy Kelley of Wrightsville Beach-based Harbour Real Estate Partners, one of the owners of the Hanover Center in a joint venture with ShopCore. 

ShopCore is part of New York-based The Blackstone Group. 

Homesense will join Harris Teeter, 02 Fitness, Great Outdoor Provision Co., Hobby Lobby, Books-A-Million and Office Depot as major tenants. HotWorx, Palace Nails and an expanded niche Decor & Gifts are recent additions to the shopping center.

Other upcoming national tenants include Pedego Electric Bikes and Stretch Zone, filling the last space within the former Rite Aid storefront. Stretch Zone is a stretching studio that offers practitioner-assisted stretching sessions with patented equipment.

Location is one of the biggest selling points for Hanover Center, Kelley said.

“A lot of regional and national tenants follow retail gravity, traffic count and proximity to neighborhoods. You also have the redeveloped mall across the street and increasing traffic along Independence Boulevard. The corner of Oleander and Independence Boulevard is one of the most well-traveled intersections in Wilmington,” he said. “Retailers love leasing in shopping centers that have history and great co-tenancy.”

He said Pedego and Stretch Zone are expected to be open in the next few months, while Homesense could be welcoming customers by fall 2023. General contractor Chambliss & Rabil has been working on the upfit for Homesense.

Meanwhile, framing is underway at The Flats at Hanover, a 262-unit luxury apartment community, expected to be delivered by the fourth quarter of next year, Kelley said.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Mcwhorter 0005

Intentional -- Planning Your Remarkable Year

Heather McWhorter - UNCW Center for Innovation and Entrepreneurship
Chris coudriet

A Public Service Profile on Community Connections

Chris Coudriet - New Hanover County Government
Brookeskipper saltair headshot2

Improving Indoor Air Quality Requires a Systematic Approach

Brooke Skipper - Salt Air

Trending News

Law Firm Relocates From Downtown To Autumn Hall

Staff Reports - Jan 31, 2023

Aiming To Possibly Revive Project Grace, Firm Seeks Business, Community Support

Cece Nunn - Jan 31, 2023

Stone Distributor Slated To Purchase Land In County Business Park

Johanna F. Still - Feb 1, 2023

Rangers Minor League At Play: Will Leland Win Where Wilmington Struck Out?

Johanna F. Still - Feb 2, 2023

At Riverlights, Independent And Assisted Living Development On The Way

Cece Nunn - Feb 2, 2023

In The Current Issue

Season’s Change At Julia’s Florist

Longtime Julia’s Florist owner Dana Cook has given her most loyal employees their well-deserved flowers. On Dec. 22, Cook handed the city’s...


When The Government Becomes A Landlord

Should a complicated deal come to fruition, the city of Wilmington could become a landlord over office space in the city’s tallest building....


On-demand Caregiving Expands

For this on-demand society, Neal Shah has created a service that meets a need in the caregiving sector while providing experience for studen...

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2022 Power Breakfast: Wilmington's Most Intriguing People - Spence Broadhurst & Hannah Gage
2022 Power Breakfast: Wilmington's Most Intriguing People - George Taylor
2022 Power Breakfast: Wilmington's Most Intriguing People - Mike Ford
2022 Power Breakfast: Wilmington's Most Intriguing People - Meaghan Dennison
2022 Power Breakfast: Wilmington's Most Intriguing People - Rhonda Bellamy