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Re: Plaza move-ins (ongoing)

Posted: Fri Jan 26, 2018 10:41 pm
by kboish
This is why the internet was invented

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 11:56 am
by empires228
swid wrote:Not enough typos or references to regional chains selling the exact same things one can readily buy here, but pretty good - that scores an 8.2/10 in my book. :-)
Obviously they're going to demolish the plaza for the worlds largest KB Toys/Famous Barr combo store the world has ever seen!

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 12:17 pm
by flyingember
My mother heard from a realtor at some private group event (quilting or gardening???) that Capital Grill and the threatre are closing and Nordstrom is moving into these spaces, or part of it

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 1:26 pm
by hartliss
flyingember wrote:My mother heard from a realtor at some private group event (quilting or gardening???) that Capital Grill and the threatre are closing and Nordstrom is moving into these spaces, or part of it
I could see capital grille relocating withim the plaza. Shutting the movie theater down and transforming into retail seems like a huge undertaking but I am all for switching things up.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 1:44 pm
by kcjak
I'd be pretty bummed if the theater closed, but it's poorly managed and doesn't never seems too busy for what are easily the cheapest tickets in the metro. I'd rather see them just close either the parking garage portion or the portion above Urban Outfitters to leave as a theater. Either way, Cinemark has a lot of unused or underutilized space.

If Capital Grille relocates, it probably makes sense for them to also take over the Tesla and shuttered customer service center - I can't see the Williams Sonoma space as being large enough.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 3:13 pm
by brewcrew1000
Nordstrom would be a huge get and possible momentum swing in attracting some other large retailers.

The theater needs to close, toilets constantly overflowing, sticky floors, poor quality seating, I've stopped going there even though its so hard to pass it up on the prices but its such a dump.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 5:28 pm
by horizons82
brewcrew1000 wrote:Nordstrom would be a huge get and possible momentum swing in attracting some other large retailers.

The theater needs to close, toilets constantly overflowing, sticky floors, poor quality seating, I've stopped going there even though its so hard to pass it up on the prices but its such a dump.
A dump seems a little hyperbolic... The issues you're talking about are something that a change in management could address. Also, be it AMC or Cinemark, the seating is something they're not going to address until their capex period has ended (10 yrs, 15 yrs, etc). I'd suspect their capex is up now.

If management intends to take over the western wing, it's plausible that the theaters negotiate a discounted rent as long as they commit to $X million in investment.

Lastly, with there now being so few cinema operators out there, the ones that remain often will stay in markets out of sheer determination to keep market cap from a competitor. I would not be surprised if this was the case here, with AMC lurking all around.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 5:40 pm
by beautyfromashes
Cinemark closes and I probably won’t see many movies. It’s nice enough for $5 admission. AMC is $12, plus I’d have to drive to Ward Parkway.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 5:42 pm
by beautyfromashes
It seems really dumb to tear out the theater and other retail when we just did the opposite with Halls. If Nordstrom wanted the Plaza, why didn’t they just take that spot?

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 5:48 pm
by horizons82
beautyfromashes wrote:It seems really dumb to tear out the theater and other retail when we just did the opposite with Halls. If Nordstrom wanted the Plaza, why didn’t they just take that spot?
It probably has to do with floor plates. Halls was oddly proportioned for a proper department store. Either wing of the theater lends itself to a more square/traditional layout. Also ceiling heights are better in the theater spaces, obviously.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 7:16 pm
by beautyfromashes
They should keep the western portion of the theater. Make the old Blanc Burger space the entrance with an escalator up to the theaters, ala old DT AMC. I can’t imagine a better use for that second floor space and the lower space has been a dead eyesore for years now. Six theaters, concessions, bathroom and garage exit. Done.

Re: Plaza move-ins (ongoing)

Posted: Mon Jan 29, 2018 9:31 pm
by mgsports
It can bring Nordstrom Rack with it. Midtown needs other Retail other then Home Depot.

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 12:25 pm
by KCPowercat
I thought this was already posted on here. Nordstrom's will take the capital grille spot and theaters above...capital grille is moving to where Williams Sonoma was

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 12:33 pm
by horizons82
KCPowercat wrote:I thought this was already posted on here. Nordstrom's will take the capital grille spot and theaters above...capital grille is moving to where Williams Sonoma was
Has it been officially shared somewhere? All I've seen is the speculation here and that sentence in the SM Post.

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 1:16 pm
by beautyfromashes
KCPowercat wrote:I thought this was already posted on here. Nordstrom's will take the capital grille spot and theaters above...capital grille is moving to where Williams Sonoma was
Huge win!

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 1:27 pm
by hartliss
horizons82 wrote:
KCPowercat wrote:I thought this was already posted on here. Nordstrom's will take the capital grille spot and theaters above...capital grille is moving to where Williams Sonoma was
Has it been officially shared somewhere? All I've seen is the speculation here and that sentence in the SM Post.
Curious of the source as well...not seeing anything.

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 1:38 pm
by KCPowercat
I've just heard it from two independent sources....neither that official. I honestly thought a third source was on here.

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 1:41 pm
by hartliss
KCPowercat wrote:I've just heard it from two independent sources....neither that official. I honestly thought a third source was on here.
flyingember mentioned someone in his network heard the same thing....

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 3:36 pm
by LCDSI
If the rumors are true about Nordstrom it's great for the plaza but bad for OakPark Mall. I'm not sure who they'd be able to lease that large space out to.

Re: Plaza move-ins (ongoing)

Posted: Tue Jan 30, 2018 3:42 pm
by kcjak
LCDSI wrote:If the rumors are true about Nordstrom it's great for the plaza but bad for OakPark Mall. I'm not sure who they'd be able to lease that large space out to.
Yeah and they just lost Banana and something else (Bath and Body?). Plus the Dillard's men's store is a dump. Losing Nordstrom would be a huge loss. Maybe convert it into a cinema like they wanted to put in in the Target location.

But back to the Plaza topic - anyone know when Nordstrom's lease is up? And haven't we been waiting for years now for a restaurant announcement for part of the Hall's building?