When Krausz bought the mostly vacant mall in 2013, the company optimistically planned to continue operating it as an enclosed retail center, attract new stores and renovate the massive building’s interior and exterior.
Krausz never did those major renovations and was largely unsuccessful in drawing new retailers. The company was able to rent a few of the mall spaces to other types of businesses, including iPanic Escape Rooms, H&R Block and a children’s party company.
Another part of Krausz’ original plan for The Quad has had some success – building restaurants and other businesses on the outer property lots. Earlier this year, Cooper’s Hawk Winery and Restaurant, Starbucks Coffee and Verizon opened on The Quad’s south side along Main Street.
The city had approved zoning amendments in 2013, allowing for construction of the frontage buildings. The developer hopes to build even more freestanding buildings to house other businesses at The Quad.
Krausz is working to secure businesses for the future buildings, said May, who is The Quad project manager. But he declined to name any prospects at this time.
“Hopefully, we will be able to within the next six months,” May said.