UPDATE: Stacy Furniture & Design leaving Plano, Texas, store

Clint Engel -- Furniture Today, February 12, 2013

PLANO, Texas - A little over a year after moving into the former Robb & Stucky space here, Stacy Furniture & Design is moving out, making way for an office building project.

Dorian Stacy Sims, president of the four-store, family-owned Dallas-area retailer, confirmed that the company will move out in late March or early April, but also said it's hoping to be back with a new location in north Dallas "by early fall at the latest."

On its website, the upscale retailer is promoting a "Huge Moving Sale," noting that its landlord is tearing down the store to build office towers.

Stacy moved into the 112,400-square-foot former Robb & Stucky showroom in November under an 18 month-lease. Sims said it knew at the time there was a possibility it would eventually have to move, but said, "We felt if was a good opportunity to try the Plano market and see how well it would do for us."

While Sims wouldn't disclose sales, she said the store has done well, and that Stacy is actively negotiating on property in Plano for another store, al though it would be a smaller footprint - at 50,000 to 75,000-square-feet.

"It's our plan to find something in the north Dallas corridor as quickly as possible," she said.

She said the retailer has been "blessed with a great staff" developed at the Plano store, and said that after the moving sale they will move to the retailer's other locations until a new north Dallas store opens. Stacy has full-service stores in Grapevine and Allen, Texas, and an outlet in Flower Mound, Texas.

Sims said Stacy also is having great success with its moving sale, which it began conducting on its own Feb. 7. "We had an amazing weekend," she said, and this was before a big television campaign hit.

 

According to a report by the Dallas Morning News, the Plano property is owned by real estate investment trust One Liberty Properties, and developer Trammell Crow plans to develop a 341,000-square-foot, 13-floor office high rise on the site.