Klaff’s Inc., with headquarters and a flagship store in South Norwalk, Conn., is completing a $4 million gut renovation of an approximately 79,000-square-foot space at 331 Central Park Ave., Joe K. Passero, Klaff’s chairman and chief operating officer, said last week. The company expects to open by the second quarter of 2009 and hire 30 to 40 employees, he said.
The two-story retail location has been vacant since Treasure Island Inc., an outdoor and home furnishings store, closed when its New Jersey-based parent company filed for bankruptcy in 2005. Passero said Klaff’s has signed a 15-year lease with landlord Seville Management. Other building tenants are Charles Schwab financial consultants, with about 26,000 square feet, and a recently opened 1,200-square-foot Natural Selection Furniture store.