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Discussion in 'Center City' started by Phillyurban8, Sep 23, 2015.
"You're washing vermicelli in an embassy den."
PREIT Chief Says New Fashion Outlets Mall is 70 percent committed | Philly.com
But no signed leases yet?
I already know the opening will be push back to Summer 18, so they got plenty of time to get things done...
Does anybody sign leases before a firm opening date is set? Another thing is that most chains who want to be in Center City are already there. How many retailers would consider Center City to be a two store market??
Uniqlo could easily be a two store Center City occupant. H&M is.
Shit, H&M can be a THREE store company in Philly...
H&M? Well, they're that one of a kind store. We're gonna need more like them or we'll have a lot of retail vacancies in Center City when all is said and done.
Yeah, plus we got plenty of store brands that haven't enter center city yet, two big ones that every mall must have is the Lego store and American Girl. Both of them are going to land somewhere in the Market East shopping district in the next three years.
Nike still needs a store here, and I can see Adidas coming back after leaving South Street...
and with the Movie Tavern like theater coming to most of the upper third floors, it not that hard to fill.
Hopefully you're right. Nationally, retail real estate is in a state of upheaval right now. Center City hasn't been as over-retailed as most of its peers which might translate into less of an adverse impact locally.
I've been to malls in different parts of the world (Japan, Singapore, Colombia, Morocco--they aren't so prevalent in Europe) and malls seem to have more than just stores in those countries. Movie theaters are quite common. Sometimes you'll even find an aquarium, I think that was in Morocco. And sections of the mall devoted to games such a those which you'd find in a Dave and Buster's.
I guess American malls need to evolve more, and perhaps this is something Philadelphia can achieve?
I could see an LA Fitness or another gym taking over a space on the upper floors. It's one of those types of business that will draw people up at all times of the day and help shops around it get foot traffic.
Already happening out in Plymouth Meeting, also own by PREIT, so it is possible.
If they can convince D&B to movie to Market St away from the River, that'd be a huge change.