IKEA has confirmed the company will not build a store in Antioch, Tenn.
Nashville Mayor David Briley on IKEA’S decision not to build in Antioch:
“We are disappointed that IKEA will not be opening its store in Antioch. We understand that the company is moving away from suburban retail outlets. The Century Farms development is important to Antioch and Nashville at large and we will continued to work with the developer to ensure adequate infrastructure is in place for the anticipated development.”
Latisha Bracy with IKEA North America Services sent this statement Wednesday morning:
“While this is an extremely difficult decision, we will not be moving forward with our plans to build a store in Nashville, TN. We thank the city and the developer for their understanding of this recent decision.”
Bracy says the retail environment is rapidly changing and the company is creating a new business model,
“We are looking to expand to more urban city centers to be more accessible to more consumers. As a result, some of our expansion plans may change, but at the same time, we are also investing in our e-commerce and services to ensure customers can access IKEA no matter where they are.”
This is a big blow for development plans in Antioch.
As News 2 reported Tuesday, Nashville council members suspected the IKEA deal was falling through a few days ago.
It was one year ago that plans to open an IKEA store crystallized.
The plans called for a 300-acre development between Cane Ridge and Old Franklin roads, about 13 miles from downtown Nashville. Groundbreaking was set for early 2019.
This story is developing. Refresh this page for more details as they come in.