Noticed this also. I've been told a few different stories, one being what you mentioned, and one being that Rue21 built the building, and is currently looking for a franchise owner.
Edit: After a Google Search, I found this listing for the property. http://www.loopnet.com/xN...mPPPP=true
Not sure what they are doing to be honest. I also found job listings, and this location is also now on the Store Finder on Rue21.com. From the pictures, the store looks to be nearly complete. Wonder if they just couldn't find help..
[This message has been edited by Josh Rath (8/22/2013)]