The city of Kingsport issued a $1.98 million building permit to Michaels and a $486,000 permit to Ulta Cosmetics. The Michaels permit is for the entire project, while the Ulta Cosmetics permit is just for exterior work.
According to city building officials, Michaels will be a roughly 20,000-square-foot building, while Ulta will encompass nearly 10,000 square feet at the shopping center.
Michaels is the largest arts and crafts retail chain in the United States and operates more than 900 Michaels Arts and Crafts Stores in 48 states and Canada. The company also owns the Aaron Brothers, ReCollections and Star Decorators Wholesale Warehouse retail chains. Founded in 1984 and headquartered in Irving, Texas, the company employs about 12,500 people.
Ulta Salon, Cosmetics & Fragrance Inc. is a beauty products retailer with more than 200 stores nationwide. Based in Romeoville, Ill., the company on Friday registered for an initial public offering in a regulatory filing with the Securities and Exchange Commission. Company officials have indicated the IPO could total up to $115 million.
Michaels and Ulta join Target (with Starbucks), Kohl's, Old Navy, Shoe Carnival, Dick's Sporting Goods and Books-A-Million (with Joe Muggs) as confirmed tenants at the Kingsport Pavilion, located at 2626 E. Stone Drive on the old Mason Dixon site.
Construction began earlier this year on the 78-acre shopping complex, which is expected to open in October with more than 30 stores and restaurants. Kingsport Pavilion is being built in two phases. The first phase is a $55 million development on 51 acres from Clark Branch to Leslie Branch. This phase, which includes the main anchors, will total about 425,000 square feet. Phase two includes 27 acres east of Leslie Branch. It will add about 200,000 square feet to the shopping complex.