?Coach will not be displaying its new collection of handbags this fall in Louisa County as plans for an outlet mall in the Zion Crossroads area have come to a halt.
Retail developer Land Capital Group has put the project on "indefinite hold," Scott Davison, the developer’s president, said,
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The outlet mall had already been named Merchant’s Walk and plans included retail stores such as Ann Taylor,
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"Nationwideretail is closing stores, not opening stores,
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Davison added that retailers had expressed only a moderate interest in the outlet mall from the beginning.
"At this point in time retailers felt it wasn’t worth the risk," Davison said.
Willie Harper,
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"This was going to be an outlet mall which requires traveling to get to,
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With the rising prices of gasoline,
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"It would be easier for people that live in this community. We wouldn’t have to go out of town," said Chellz Alexander, a Louisa resident who travels to Charlottesville and Richmond to shop.
There were also hopes that the outlet mall would have attracted more business and residents from neighboring areas,
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"It sort of is just a passing through place," said Tina Wilkerson, a Fluvanna resident who works in Louisa.
Although Louisa is historically a rural area, efforts have increased in recent years to attract more investment and business.
"We’ve made substantial investment in the Zion Crossroad area," Harper said. "[It has] been identified for many years as being a hot spot for commercial growth retail and industrial."
Gibson remains optimistic that business will make its way to Louisa,
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"We’re having growth in all three directions," Gibson said. "Zion Crossroads is going to be a regional commercial destination. Other merchants and developers will see this. "
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