The relocation of T K Maxx to Railway Square has been described as “a major boost to the revitalization of Waterford City Centre.”
Having been forced to discontinue trading at it outlet at Butlerstown Retail Park due to planning constraints, the UK-based off-price fashion merchants are taking up 18,500 square feet, including the area occupied on a temporary basis by Penneys during the reconstruction of its John Roberts Square store. Its doors will open to shoppers on Thursday, October 28th.
Peter O’Meara of Savills, whose firm negotiated the T K Maxx letting (acting jointly with Sherry Fitzgerald John Rohan) said it’s “very good news for Waterford city centre retailing.”
It’s also a major relief to the owners of Railway Square, which was completed in 2007. The mixed-use complex badly needs new businesses and it’s obviously hoped T K Maxx will act as a catalyst in this regard.
John Rohan says: “The remaining Railway Square retail space is currently the only high quality newly-completed development of its scale in a city centre location which is available for immediate occupancy and we are talking to a number of very interested parties.”
The Butlerstown store, offering ‘designer labels for less’, employed 60 full/part-time staff up to its enforced closure at the end of August, having opened there two years ago.
The High Court found the company to be in breach of planning regulations in that only bulky goods were permitted to be sold on the site. The action was brought by Warrenford Properties, operators of the nearby Lisduggan Shopping Centre, which claimed to have been “seriously and adversely affected.”