Pier 1 Imports is exporting. Let the speculation begin!

I just received a tip from a reader named Susan concerning the fate of Pier 1 Imports (214 E. Park Avenue, Long Beach, NY).  Susan writes:

on hearing that despite advertising a remodeling closing, pier one is just plain old closing.  Since I recall hearing that the owner of the movie theatre site is the same as that of the pier one site, do you think that the business that was to move into the theater space will instead be going into the pier one site?  heard anything to that effect?

Susan then followed up with this snippet:

Susan is right. That retail strip, which includes Pier 1 Imports, Chase Bank & The UPS Store, is owned by the same owner of Long Beach Cinemas – Philips International (w/ their big list of properties). It could be possible that the same tenant that originally wanted the theater space will be moving into the Pier 1 location.

So, let the speculation begin. I am going to take a pure guess and say it’s Panera Bread. I’m most likely wrong, but I’m not sure if any other large retail store would work in that location. So, if not retail, then food. Panera Bread needs a large space and would probably do well there. So don’t start the rumors that Panera is moving in. It’s a pure guess on my part.

Any other guesses?

(Thank You Susan!)

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