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March 23, 2023
As the DJC first reported last year, Brixton Capital of California is working with MG2 and Bayley Construction on a makeover of its Everett Mall, which is actually getting smaller. A new At Home store is going into the vacant former Sears space, with about 85,000 square feet. And, Brixton now says, Ulta Beauty will relocate into new digs, also in the former Sears building, with some 10,000 square feet. Brixton's Eric Li said in a statement, “We're excited to showcase such popular stores as part of the first phase of our redevelopment of Everett Mall. We are in active lease negotiations with additional anchor and junior anchor tenants which will further enhance the overall shopping experience for the Everett community.” Ulta is moving in part for the demolition, begun early this year, for Phase II. That'll first remove about 215,000 square feet in the center of the mall, then replace it with smaller retail bays with some 97,200 square feet. That renovation, says Brixton's Justin Long, “will make the property more relevant to the tastes of today's shopper. In addition to replacing the former department store anchors of Sears and Macy's, we will be adding additional uses and tenants that respond to the community's needs.” Future tenant announcements are expected. Matis Partners is Brixton's broker. Real Retail represented At Home, and Northwest Retail Partners represented Ulta.