It seems the Town & Country Plaza on Route 20 in Cazenovia will be undergoing substantial modifications during the next year.
Property Developer David Muraco, of Empire Management Company, recently announced that Family Dollar will not be moving into the 8,750-square-foot retail space, but another national retail business has its sights set on utilizing the location.
“The Family Dollar deal fell through. [These are] hard times; people aren’t knocking the doors down … to open up stores. There aren’t a lot of loans out there and people are worried about moving forward. It’s a cycle,” Muraco said. “[Family Dollar] can always come back, but I’m working on another retailer that would be great for the community. I think it will go very quickly.”
While he said he cannot divulge the name of the prospective retailer at this time, Muraco believes its inclusion in the Town & Country Plaza will be better received by Cazenovians than Family Dollar was initially this summer.
When Family Dollar announced it would be adding a store in Cazenovia, the grand-opening was scheduled for September. Regulations regarding competition with Tops Supermarket and other businesses in the plaza slowed negotiations, and changed the expected opening date to early 2012. Family Dollar eventually halted plans altogether earlier this month.
Muraco was upset to lose the deal, but is confident in the prospect of soon filling the space. “I made the vacancy,” he said. “I pulled the liquor store out and canceled a lease with a chiropractor therapist because I needed to make this big space, and now my deal is falling apart. But I’ll bounce back.”
Another possibility for the plaza will be the razing a fraction of the structure which formerly housed Kimberly’s Ice Cream and the inclusion of a Tops gas station in its place. Muraco said the national grocery company filed an application on Feb. 2 to include two islands with gas pumps on the lot neighboring Route 20.