The Stage 1 Company Store recently reopened, after being reimagined, and it could not be anymore generic. The flooring and cabinets remind me of an early 2000s Gap Kids and babygap store. There is absolutely no theme, just a merchandise space with standard fixtures.
If the signage was removed, then PizzeRizzo, too, would be generic; it is a quintessential Italian counter service restaurant with nods to a neighborhood pizzeria.
If the banners were removed from the exterior, then MuppetVision 3D would simply be the Grand Arts Theatre.
Muppet Courtyard became Grand Avenue.
I am no insider and have no knowledge of the future of PizzeRizzo and this courtyard, but this area could easily transform into another land in a short period of time because it largely exists in signage alone. There is no indication, in any guest space within this area, to suggest that the Muppets are permanent residents of Grand Avenue.
This is purely armchair Imagineering, but Grand Avenue is city enough to become Metroville.