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During a recent investors’ conference, Starbucks President and CEO Kevin Johnson noted that Frappuccino sales were down 3 percent in the company’s U.S. stores since 2015. The reason, he explained, was a consumer shift away from sugary and high-calorie drinks.
The $35 million center is now more than 90 percent leased, according to its Simone Development Cos.
Although the town is focusing on filling vacant space, the 253,000-square-foot former United Healthcare complex on Monroe Turnpike still looms large.
A variety of restaurants, medical tenants and possibly a huge shopping center are all coming to Shelton.
Owner Starbucks will close all 379 Teavana stores, including ones in Yonkers, Stamford and Trumbull, by next spring.
The $35 million, 85,000-square-foot mixed-use development at 1086 N. Broadway is set to be unveiled to the public on May 23.