DANVILLE — Dunham’s Sports will soon be a new anchor at the Village Mall in the space that formerly housed Hobby Lobby.
The mall’s new owner brings the announcement of the sporting goods tenant with them to Danville and also the finalization of their Monday closing on the property.
The mall has been purchased by T Danville, LLC, a wholly owned subsidiary of Tabani Group, Inc., of Dallas, Texas.
Jeremiah Sunden, acquisitions director with Tabani Group, says Dunham’s Sports is a sporting goods superstore that carries all the top name brands and apparel, but at lower prices than the competition.
There are four stores in Illinois, but the closest to Danville is in Logansport and Kokomo in Indiana.
Sunden said a deal with a second anchor has been agreed upon, but that anchor cannot yet be named. That national store is a fashion retailer and will take the spot in the former Goody’s space.
Sunden said serious talks with a third, credible anchor store also are taking off.
“There’s a lot of action with that,” Sunden said. “These groups kind of travel in packs. These anchors are generating a lot of interest. We feel very good that we’ll have this mall up and running like it should be.”
Sunden said there are 30 to 35 tenants at the mall, including Dunham’s. He said his group intends to double that number.
The deal with the new owners was facilitated with an incentive package from the City of Danville. That package provides the developer with up to 50 percent of the home rule sales tax generated by each store for a five-year period, but the total does not exceed 50 percent of the total redevelopment costs.
If local laborers are used, the percentage of the home rule sales tax rebate will increase to 75 percent for each of the five years.