KCPowercat wrote: ↑Sat Feb 29, 2020 12:17 am
Garment district closing this weekend.
Real bummer to see cordish completely whiff on delivering clothing retail. Was optimistic.
Garment District isn’t closing.
As for clothing retail, it’s not a Cordish or PNL problem, it’s a nationwide issue. Your Forever 21 type clothing retail stores wouldn’t survive downtown and barely do in malls with high foot traffic. A landlord can go after certain retailers all day, but if those retailers don’t think they can make a profit, it won’t happen. Not sure how this would be a Cordish whiff.
Their Instagram says they were closing today?
If Jos a bank leaves, probably shows rents are too damn high, those places never close in zero foot traffic areas.
It’s a collective and one supplier decided to not renew.
Jos A Bank closed 249 other stores when they closed this one. Rents not any higher than other similar retail locations. Some can be very generous and revenue based actually. The landlord will do about all they can to keep a storefront occupied.
Given the p&l impact in the general fund it is frustrating to see so many empty spots.
Edit. It's equally frustrating to hear neighbors not shop at cosentinos for example because they think milk is a nickel overpriced. We need to support the retail we have.
I like that idea. Invite some of the randomly spaced crossroads retailers down to p&l. Tried to shop this weekend in the crossroads and it's annoying for even people like me who know where these retailers are to go visit them all.
KCPowercat wrote: ↑Mon Mar 02, 2020 12:04 pm
Given the p&l impact in the general fund it is frustrating to see so many empty spots.
Would 6 month pop-up shops allow some rent revenues while keeping spaces relatively open for a longterm tenant if one ever were to want the space?
Pop-up shops have been discussed and in some locations, could make sense to keep certain spaces occupied, but not a financial win for anyone involved really. I look for Bar Louie and Famous Dave's to combine into one space for a new operator at some point. That would make for a nice sized restaurant with great proximity to the entertainment area. I pray it's Mexican, but being so close to Chipotle may be an issue?
wahoowa wrote: ↑Mon Mar 02, 2020 4:22 pm
bigger proximity issue is probably flavortown, no?
This is true but an actual, legit sit down style Mexican restaurant might not compete directly with a fast-serve taco/dive type concept. I wouldn't be upset if a local company like Margaritas went in there.
KCPowercat wrote: ↑Sat Feb 29, 2020 10:47 am
Jos a bank is not trying.
I think there is still one open at Indian spring mall.
This could have easily been the retail stretch I was talking about in another thread.
Indian Springs, that is a good reference. I'll give you credit for the satire, even if you didn't intend it since Indian Springs is now a literal dust bowl
...
That’s right – sink your putts and your drinks (responsibly) along with a full food menu at Sinkers Lounge.
According to a release, Sinkers Lounge is scheduled to open this summer at 53 West 13th Street – next to Blade & Timber axe throwing.
Sinkers Lounge will house nine “leisurely” mini-golf holes, along with “tabletop golf” holes, which a release said is a mashup of mini-golf and shuffleboard.
...
We might be seeing just tip of iceberg with trend toward more permanent work from home. Not that all companies will dump offices altogether but some small ones might such as this and mid-larger seem to be increasing % of permanent WFH workers even if not more than half. Google just upped their position on WFH.
Good thing downtown KC has more momentum with residential growth, some of whom may be WFH. Might help keep daytime population in check for businesses/restaurants that rely on office workers.
earthling wrote: ↑Wed Jul 29, 2020 10:00 pm
We might be seeing just tip of iceberg with trend toward more permanent work from home. Not that all companies will dump offices altogether but some small ones might such as this and mid-larger seem to be increasing % of permanent WFH workers even if not more than half. Google just upped their position on WFH.
Good thing downtown KC has more momentum with residential growth, some of whom may be WFH. Might help keep daytime population in check for businesses/restaurants that rely on office workers.
Definitely something that will have to be addressed. I feel once work from home will grow, but after COVID we will see an increase in shared workspaces or at least smaller floor plans with shared amenities.
Especially the accelerator type developments where they focus on a type of industry to help push innovation. I don’t see all places becoming wfh, but I definitely think commercial landlords will need to rethink their strategies
KCPowercat wrote: ↑Wed Jul 29, 2020 9:50 pm
Visit KC is moving out of their Baltimore office space permanently. Employees going remote.
They’re only going remote temporarily. Visit KC will be moving into new offices still within the power and light district.
Visit KC space too big and too expensive considering the current convention situation.
Ahh that makes sense, any inkling as to where it will go? I always thought their space would make a great cafe especially with seating in the little square between main and baltimore.