JC Penney is returning to downtown Seattle after leaving nearly 30 years ago, becoming the latest moderately priced clothing-store chain to set its sights on a growing number of shoppers who live and work in the city's urban core.
Plano, Texas-based Penney plans to open a store in the Kress building at Third Avenue and Pike Street, a block from where Penney once had a Seattle outpost and where Target soon will set up shop.
Although Penney has yet to announce its return downtown, real-estate sources confirmed it after months of speculation, saying they were not allowed to speak publicly about the deal.
To read the full story, go to The Seattle Times.
