If you've driven past Park Shore Plaza on US 41 this year, you've probably seen the sign. Big red letters at Kirkland's, the kind that scream "everything must go." Most people who saw it in the spring made the obvious assumption and moved on. The store is still there. It never left.
That gap between what the signage suggested and what actually happened is the more useful story about this plaza right now, more useful than any single tenant swap. Three storefronts have turned over in 2026, and residents who only clock the surface level (a familiar name is gone, a new one is up) are missing what the pattern actually says about the corner of US 41 that anchors Park Shore's daily errands.
Maria Pace, vice president of marketing for Brixmor Property Group, the company that owns the plaza, put it plainly when asked about the recent leasing activity: the interest they saw after the Saks Off 5th closure reflected the strength of both the center and the Naples market. That's a landlord's quote, so take it as a landlord's quote. But the timeline backs it up in a way that's worth walking through, because it's not the story most residents assume they already know.
Three Vacancies, Three Different Stories
Lump the recent closures together and you get a narrative of a plaza in decline. Look at them individually and that narrative falls apart, because none of the three exits happened for the same reason, and none of them sat empty for long.
Saks Off 5th closed this spring after ten years in a 27,000 square foot space next to The Fresh Market. That one had nothing to do with Park Shore. Saks Global shuttered all but 12 of its 50 Saks Off 5th locations nationwide during a Chapter 11 restructuring, and the Naples store was one of the casualties of a national balance sheet, not a local sales slump.
Party City's space, 18,676 square feet, went vacant in 2025 for a similar reason. That was a chain in national retreat, not a signal about foot traffic on US 41.
Duck Donuts is the outlier, and the more locally interesting one. That closure, last summer in 2025, came after five years of operation at the plaza, and unlike the other two, it wasn't part of a national story. It was a single operator deciding to end a five-year run.
Three different causes. What they share is what happened next: every one of those spaces has a tenant attached to it already, and two are open or opening within months, not years.
The TJX Triangle
Here's the detail that's easy to miss if you just glance at the new signage going up. TJ Maxx is confirmed for the old Saks Off 5th space, expected to open in the first quarter of 2027. Sierra, TJX's outdoor and activewear discount brand, is taking the old Party City footprint, expected before the end of this year. Add those to HomeGoods, which has anchored the plaza for years, and Park Shore Plaza will be home to three separate storefronts owned by the same parent company, TJX Companies Inc., which also owns Marshalls and HomeSense.
Sierra is worth a second look on its own. The brand runs more than 150 locations nationally, but its only other Florida address is in Jacksonville. A plaza in Naples landing the second Sierra store in the state is not a routine backfill. It's TJX making a specific bet on this stretch of US 41, not just filling a hole in a rent roll.
What that means day to day is less dramatic than the corporate structure makes it sound. You won't notice the shared ownership when you're circling for a parking spot on a Saturday. But it does mean that if TJ Maxx's racks feel picked over some week, the newer Sierra a few doors down is stocked by the same buying operation, not a genuinely different retail approach. Three storefronts, one warehouse strategy behind all of them.
| Space | Previous tenant | Current or incoming tenant | Status as of September 2026 |
|---|---|---|---|
| 4233 Ninth St. N. | Duck Donuts (closed summer 2025 after 5 years) | Juice Society | Open since May 13, 2026 |
| 27,000 sq ft, next to The Fresh Market | Saks Off 5th (closed spring 2026 after 10 years) | TJ Maxx | Expected Q1 2027 |
| 18,676 sq ft, former Party City | Party City (vacated 2025) | Sierra | Expected by end of 2026 |
| Kirkland's storefront | Kirkland's Home (ran closing sale) | Kirkland's Home, new ownership | Still open, rebrand expected within the year |
The Sign That Lied
Which brings the Kirkland's sign back around. The "everything must go" event earlier this year wasn't the store closing. Bed Bath & Beyond Inc. acquired the Kirkland's Home brand assets last fall, in 2025, with plans to rebrand the chain over the following year or so. The clearance signage was a corporate ownership change working itself out at store level, not a landlord losing a tenant. The shelves have new inventory. The name on the door may eventually change, but as of now, the store you've been walking past for years is still the store you're walking past.
It's a small thing, but it's exactly the kind of detail that gets flattened into "another store closed" if you're only half paying attention on your way into The Fresh Market. It didn't close. It changed hands two ownership layers up, and the sign just hadn't caught up to the story.
What the Turnover Actually Signals
Put the three threads together and the picture that emerges isn't decline. It's fast absorption. A national retailer's bankruptcy, a national retailer's retreat, and a single local operator's exit all landed on the same shopping center in the same year, and in every case the space either already has a tenant lined up or opened one within months. That's not what a struggling center looks like. A struggling center sits with dark storefronts for a year or two while a landlord chases anyone willing to sign a lease.
This is also happening on top of a plaza that Brixmor already spent 20 million dollars renovating and remerchandising in a prior cycle, densifying the site with new retail pads to serve what the company itself has described as the affluent consumer base that frequents the center. The current wave of turnover reads less like a course correction and more like a landlord confident enough in the trade area to keep swinging for names like Sierra, which had exactly one other Florida address before this.
For anyone who lives in Park Shore and treats this plaza as the default stop for groceries, a juice after a beach walk, or a Saturday browse through HomeGoods, the practical takeaway is simple. The Fresh Market anchor hasn't moved. Juice Society, founded by Kallie and Matt Isadore, is open now at the old Duck Donuts spot and keeping Monday through Saturday hours. Sierra and TJ Maxx are coming, not rumored. And the Kirkland's you've shopped at for years is still exactly where you left it, new inventory and all.
None of this requires a decision from you. It's just useful to know the difference between a plaza in trouble and a plaza this actively contested by national retailers, especially the next time you're circling the lot wondering why there's another construction fence up.
If you're a longtime Park Shore owner curious how any of this ripples into what your home is worth, or you're weighing a move into the neighborhood and want someone who tracks this level of detail on purpose, Nina Loves Naples is happy to talk it through. Start with a free instant home valuation and take it from there.
