Drive west on US-41 past Park Shore Plaza this month and you will notice the paper still up in two storefront windows. One used to say Saks Off 5th. The other used to say Party City. Neither sign has gone up yet for what comes next, but the leasing paperwork has, and if you read the tenant list the way you'd read a set of moving boxes, it tells you something about how this neighborhood actually uses its shopping center now, versus how it was built to be used.
The short version: three storefronts turned over within the same stretch of 2026, and the businesses filling them skew toward errands rather than destinations. Meanwhile, a few blocks away at the Park Shore Association's beach park, the calendar looks the opposite: dune restoration, sunset wine socials, walkway repairs timed to peak season. If you're trying to read where the neighborhood's actual social gravity sits this year, the plaza and the beach park are pulling in different directions, and it's worth knowing which one is which before you plan your week around either.
The Saks Off 5th Closure Was Never a Naples Story
Saks Off 5th had operated at Park Shore Plaza for 10 years, occupying 27,000 square feet of the center between The Fresh Market and the Barnes & Noble that arrived more recently. It closed this spring with a storewide clearance sale, and the reason had nothing to do with foot traffic on US-41. Saks Global, the parent company that also owns Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy in January, citing debt tied to its 2024 Neiman Marcus merger, and moved to shutter all but 12 of its 50 Off 5th locations nationwide. Of the six Florida stores on that closure list, three sit along the Gulf coast: Naples, Ellenton, and Tampa.
Which means the vacancy at Park Shore Plaza was a corporate restructuring decision made in a Houston bankruptcy filing, not a verdict on the neighborhood. Brixmor Property Group, the New York-based company that owns the center, backfilled the space quickly. TJ Maxx, the flagship chain of TJX Companies, is moving into the full 27,000-square-foot box. Maria Pace, Brixmor's vice president of marketing, put it plainly: "the leasing activity at Park Shore Plaza reflects the strength of both the center and the Naples market."
Three TJX Brands Under One Roof
Here's the detail that changes the read on this turnover. TJ Maxx isn't the only TJX Companies brand arriving. Sierra, TJX's off-price outdoor and lifestyle chain, is also moving in, taking the 18,676-square-foot space that Party City vacated last year, positioned between Burlington and Kirkland's. No confirmed opening date exists yet for TJ Maxx as of this writing, but Sierra is expected before the end of 2026.
Once both open, Park Shore Plaza will house three TJX Companies banners at once:
- TJ Maxx, replacing Saks Off 5th
- HomeGoods, already an anchor tenant
- Sierra, replacing Party City
That's a meaningful shift for a center that Brixmor, in its own account, spent roughly $20 million renovating and remerchandising a few years back specifically to court what it described as the shopping center's affluent consumer base, landing tenants like Yard House and Sleep Number alongside Saks Off 5th. The plaza's own owner built it as a curated stop. What's filling the gaps now leans toward straightforward, high-volume value retail. That's not a knock on the tenants. It's a read on what residents are actually driving there for this year, and it looks a lot more like a Tuesday errand run than a Saturday browse.
Kirkland's Isn't Actually Closing, It's Changing Hands
If you assumed Kirkland's at Park Shore Plaza had already shut down, you're not alone, and you're also not quite right. The store ran an everything-must-go sale earlier this year after announcing a closure, which is exactly the kind of signal that makes shoppers stop checking. But the doors stayed open. Last fall, Bed Bath & Beyond Inc. acquired the Kirkland's Home brand assets and has plans to rebrand the chain over roughly the next year. So the store you drive past today is Kirkland's inventory under new corporate ownership, mid-transition rather than mid-closure. If you've been avoiding that end of the plaza assuming it's dark, it isn't yet.
The Juice Bar in the Old Duck Donuts Spot
The smaller turnover at the plaza is easier to miss but worth noting for anyone who used to grab a coffee run there. Duck Donuts closed last summer after five years in the center. This past May, a local business called Juice Society opened a juice bar and eatery in that same space. It's a quieter changeover than the anchor-store shuffle, but it fits the same pattern: quick, functional, repeat-visit retail replacing what came before it, rather than another destination bakery trying to draw people in from farther away.
Where the Neighborhood Actually Gathers
None of this turnover is bad news for Park Shore. A well-leased plaza with three TJX brands and a fresh juice bar is a plaza that's working. But if you're trying to identify where the neighborhood's social life is actually concentrated this year, the more telling activity isn't happening at the shopping center at all. It's happening at the Park Shore Association's beach park.
The Association's own newsletter items from earlier this year read almost like a punch list for community investment. Wine Wednesday, a sunset social with a mobile bar vendor, returned to the beach park in March with an event timed to a 7:38 p.m. sunset, the second run of a tradition the Association had revived that January after first announcing it the previous fall. The dune plantings installed last summer, sea oats and native sea grasses meant to help the shoreline hold after storm damage, were reported thriving as of this year. And ahead of peak season, the Association flagged upcoming walkway repairs and parking updates at the beach park, along with a broader round of facility upgrades it described as still in progress.
Put those two threads side by side and the picture is clear. The plaza is restocking with brands built for efficient, repeat shopping. The beach park is where the Association is actually building community, one sunset social and one dune planting at a time. If you're new to the neighborhood or you've just been on autopilot with your errands, that's the distinction worth carrying into fall: Park Shore Plaza will get you what you need, faster than it used to and with less browsing along the way. The beach park is still where the neighborhood actually lingers.
For residents keeping track of both threads, from Sierra's opening date to whatever the Association plans next at the beach park, The Higdon Team tends to know first, if only because it's the kind of detail that shapes how a neighborhood feels day to day. Whenever you're ready to talk about what's happening with property here, not just retail, request a private consultation.
