Seattle business closures show downtown still struggling

(The Center Square) – A string of companies located in Downtown Seattle are leaving the area as the city continues to recover from the COVID-19 pandemic.

The Nike store located in the downtown district promptly shut down on Jan. 20, Amazon is vacating its downtown Seattle tower in April and the Regal Cinema theater is closing in February as a result of the parent company’s bankruptcy filing.

Nike will transfer its downtown location to Bellevue Square in Downtown Bellevue, according to permit records. The storefront has been located on the corner of 6th Avenue and Pike Street since 1996.

Amazon is not renewing its lease for its occupancy of the West 8th Tower, which is a block away from the company’s headquarters.

“We are always evaluating our office footprint and have decided to let go of Port 99 at the conclusion of the lease this April,” Amazon Spokesperson Zack Goldsztejn said to The Center Square in an email. “This change is a result of the new way our employees work.”

Goldsztejn added that about 2,000 employees will be moved into available spaces the company currently has across its Puget Sound headquarters.

Regal Cinemas announced its plans to file for bankruptcy and close 39 cinemas across the U.S., including its theater in Downtown Seattle next month. The move is expected to save Regal’s parent company Cineworld $22 million annually, according to its bankruptcy court documents.

- - -

Chat with me on Discord: https://discord.com/invite/uJGWFpgDcY

LIKE & SUBSCRIBE for new videos every day. https://www.youtube.com/c/NewsForReasonablePeople

- - -

Reasonable+:

Become a Reasonable+ member to gain access to the entire UNCENSORED catalog: https://reasonabletv.com/

- - -

Ways to Follow!
* Discord - https://discord.com/invite/uJGWFpgDcY
* Rumble - https://rumble.com/c/NewsForReasonablePeople
* Facebook - https://www.facebook.com/newsforreasonablepeople
* iTunes - https://apple.co/2MkFziJ
* Spotify - https://spoti.fi/2Dh8EoL

- - -

#Reasonable #News