Ripple effects from a multi-national corporate acquisition are once again making an impact on Capitol Hill. This time, it’s not a local brewery takeover, but the closure of an office supply chain store.
CHS has learned that the Broadway OfficeMax will be closing its doors in late February, just one year after it opened in the mixed-use Lyric building. Around 400 other OfficeMax locations were slated to close last year as part of Office Depot’s 2013 takeover of the company.
UPDATE (1/28): An OfficeDepot corporate spokesperson said the Broadway store would close on February 21st.
An employee at the Broadway store told CHS that staff were notified of the closing a few weeks ago. Pillar Properties owns the Lyric apartments, but the company does not control the OfficeMax commercial space. A Pillar spokesperson said they’ve reached out to the individual who owns the space for more details on what may come next. We’ll update here if we hear anything.
The Broadway OfficeMax was one of six nationwide “vector” stores — a smaller-format concept meant to target urban neighborhoods. CHS broke the news of the company’s move on to Broadway in August 2013 and was there in January just before the store’s grand opening. At the time, store employees said the companies strategy was to offer a range of businesses services to the neighborhood’s independent shop owners. The Broadway location also includes around 90% of office supplies found in OfficeMax’s regular sized stores.
An OfficeMax corporate spokesperson did not return CHS’s request for comment on the Broadway closure.
It’s unclear what the future holds for the atypically large Broadway space that sits between Thomas and E Olive Way. With
nearly one square mile more than 5,000 square feet of retail area, the space is small by box store standards but probably too large for many independent retailers. It’s possible the store could be divided in half with two separate entrances.
Broadway recently lost two longtime retailers when Redlight and Aprie fashion stores shuttered in November. Lifelong Thrift is preparing to take Redlight’s place, but is seeking some extra funds to help pay for the move from 10th and E Union.
Down the block, Metro Clothing is holding a liquidation sale to make way for of major changes in inventory. Metro owners assured customers on Facebook the sale was not a signal the store was closing.
Meanwhile, Broadway’s Castle Megastore sex shop is making plans to move to E Pike.