Not too far off. I lived just off Glenstone for a year.
Plaza move-ins (ongoing)
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- Mark Twain Tower
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- Strip mall
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Re: Plaza move-ins (ongoing)
And their child company Washington prime owns Town Center Plaza and recently defaulted on West Ridge Mall in Topeka and Towne West Square in Wichita. Simon still owns Towne East, which is fairly healthy.longviewmo wrote: ↑Mon Feb 10, 2020 2:58 pm They also defaulted on Independence Center when they owned it?
Re: Plaza move-ins (ongoing)
https://www.simon.com/mall Osage Beach also.
- FangKC
- City Hall
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Re: Plaza move-ins (ongoing)
Historic Kansas City is reporting that the 7th Church of Christ Scientist has been sold to the developer of the former Jack Henry building.
https://www.facebook.com/HistoricKC/?__ ... S8&fref=nf
https://www.facebook.com/HistoricKC/?__ ... S8&fref=nf
- TheLastGentleman
- Broadway Square
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Re: Plaza move-ins (ongoing)
Interesting that they're reporting on the endangerment of a church from the 1940s, and not the 1890s church at 9th and Forest currently being demolished.FangKC wrote: ↑Tue Mar 03, 2020 12:11 pm Historic Kansas City is reporting that the 7th Church of Christ Scientist has been sold to the developer of the former Jack Henry building.
https://www.facebook.com/HistoricKC/?__ ... S8&fref=nf
- FangKC
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Re: Plaza move-ins (ongoing)
HKC has always been selective about their outrage.
Re: Plaza move-ins (ongoing)
Let's face the music there is not going to be anything left of the Country Club Plaza at some point probably not to far off at this rate. It will just be another glass, stucco, and concrete business district devoid of any originality.
- Highlander
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Re: Plaza move-ins (ongoing)
I read that Punch Bowl Social (the entire chain) is in dire straits due to the corona virus. The article states there are concerns regarding the viability of a concept anyway. Did the plaza version of the chain ever get opened?
https://www.restaurantbusinessonline.co ... owl-social
https://www.restaurantbusinessonline.co ... owl-social
Last edited by Highlander on Fri Mar 27, 2020 2:23 pm, edited 1 time in total.
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- Hotel President
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Re: Plaza move-ins (ongoing)
Before the virus a lot of they were closing after only being open a few months anyways (Texas) I think the brand was going to be screwed either wayHighlander wrote: ↑Fri Mar 27, 2020 2:07 pm I read that Punch Bowl Social (the entire chain) is in dire straits due permanent casualty of the corona virus. The article states there are concerns regarding the viability of a concept anyway. Did the plaza version of the chain ever get opened?
https://www.restaurantbusinessonline.co ... owl-social
Re: Plaza move-ins (ongoing)
Cheesecake Factory tells its landlords it won’t be able to pay April rent
https://whdh.com/news/cheesecake-factor ... pril-rent/
https://whdh.com/news/cheesecake-factor ... pril-rent/
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- Valencia Place
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Re: Plaza move-ins (ongoing)
It's basically there, but a lot of folks on here have been whistling past the graveyard for the better part of the last 3-5 years as the steady deterioration of a once proud landmark was unfolding.
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- Mark Twain Tower
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Re: Plaza move-ins (ongoing)
The Plaza will be fine, new retailers will move in to replace any that close.
It's changed before, it used to be full of gas stations, and it will change again.
It's changed before, it used to be full of gas stations, and it will change again.
Re: Plaza move-ins (ongoing)
Would love to see more residential density added someday.flyingember wrote: ↑Fri Apr 03, 2020 3:43 pm The Plaza will be fine, new retailers will move in to replace any that close.
It's changed before, it used to be full of gas stations, and it will change again.
Re: Plaza move-ins (ongoing)
Plaza restaurants find no relief from landlords amid COVID-19
Owners say Taubman won't defer rent
https://www.kshb.com/news/coronavirus/p ... d-covid-19
Owners say Taubman won't defer rent
https://www.kshb.com/news/coronavirus/p ... d-covid-19
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- Mark Twain Tower
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Re: Plaza move-ins (ongoing)
Hopefully Taubman gives up on Plaza and sells to a true urbane mixed use player who can adapt it with mixed residential and more neighborhoody vibe while still inviting to region.
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- Strip mall
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Re: Plaza move-ins (ongoing)
Well, you're in luck. Taubman was already in talks to merge with Simon, the company that has dumped such area malls as West Ridge, The Hutchinson Mall, The Wichita Mall, Towne West, Independence Center, Crossroads, and Oak View. That's about the base case you can hope for at the moment as the stock for CBL Properties, owner of almost all the malls in St. Louis and Oak Park Mall, is trading at less than $0.20 at the moment.
Re: Plaza move-ins (ongoing)
I suppose it's possible the Plaza gets dumped for less than what Taubman paid? Would a local outfit be interested? Copaken?
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- Strip mall
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Re: Plaza move-ins (ongoing)
Copaken got out of retail ages ago when they started sinking all five of their malls. Three, including Oak Park, were sold to CBL. Leavenworth Plaza and Mission Center were sold to other ownership. All five malls were not in the best shape when sold.
- normalthings
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- beautyfromashes
- One Park Place
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Re: Plaza move-ins (ongoing)
Very little chance of local ownership. I’d say the only way would be if lease rates and percentages drop so much Taubman begins to lose money and filed bankruptcy. Even then, a local buyer would probably lose out to a national name with deeper pockets.