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Dillard's closing at Jamestown Mall

Dillard's closing at Jamestown Mall

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PostApr 04, 2006#1

Dillard's closing at Jamestown Mall

By Gail Appleson

POST-DISPATCH

04/03/2006



In the latest blow to the retailing community, Dillard?s Inc. will close its Jamestown Mall store in mid-June leaving the fate of some 150 employees up in the air.

The news comes less than a month after Federated Deparment Stores said it would close St. Louis Galleria and West County Lord & Taylor stores in July or early August. Lord & Taylor employs 231 workers in the St. Louis area. On March 1, some 500 former May Department Store employees lost their jobs because of Federation?s acquisition of May.



Jamestown Mall Dillard's workers learned Friday that the store was closing. Julie Bull, a spokeswoman for Little Rock, Arkansas-based Dillard?s, said the company is trying to place as many of employees as possible at the seven other St. Louis locations.



"Dillard?s remains very commited to the St. Louis area," Bull said.

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PostApr 04, 2006#2

Citylover wrote:Dillard's closing at Jamestown Mall


This is definitely a tough blow to the NoCo area...... :cry:



Wonder how much longer Famous/Macy's is going to stick around at that Mall. The traffic at Famous is definitely much higher than Dillards there, but I hope this isn't a sign of more bad things to come.

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PostApr 04, 2006#3

Wow, that is a blow, as North County is loosing all of its retailing options fast. Though, this should make the redevelopment of Northwest Plaza more feasable if Jamestown goes under.

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PostApr 04, 2006#4

Interesting story but I think some of the facts are incorrect.


Abdi Mahamedi, managing director of the Carlyle Development Group, which owns the Jamestown Mall, said his company is in negotiations with Dillard?s to buy the space and replace it with something that would be more "attractive" to shoppers.


As far as I know Jamestown Mall is a (GGP) General Growth Properties, Inc. property.



http://www.shopjamestownmall.com/html/Mallinfo.asp



That Dillard's and the store at Northwest Plaza have been in trouble for years. Dillard's has been rumored to be pulling all of it stores out of St Louis for a couple of years now.

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PostApr 04, 2006#5

As far as I know Jamestown Mall is a (GGP) General Growth Properties, Inc. property.


I beleive that the Carlyle Development Group owns Jamestown Mall and GGP was hired to lease and mangage the mall.


Dillard's has been rumored to be pulling all of it stores out of St Louis for a couple of years now.


I find that hard to beleive when at this moment they are expanding their St. Clair Square store.

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PostApr 04, 2006#6

I fully expected this when STL Mills came on line. No surprise to me.

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PostApr 05, 2006#7

Retail everywhere is actually feeling the effects of the oil price surge. It's costing more to bring products in, costing more for consumers to get to stores, and it's only going to get worse.



Which is why downtown is such a great and viable place to open new retail. Because no matter how bad oil prices get, retailers only feel that on the front end, and not the back (customers reluctant to drive to shop).



Not that this is the only or main reason why Dillards there was suffering. But it is a factor. The economy is not in as good of shape as the government would have us believe. The squeeze is on.

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PostApr 05, 2006#8

I thought this was interesting:


Abdi Mahamedi, managing director of the Carlyle Development Group, which owns the Jamestown Mall, said his company is in negotiations with Dillard?s to buy the space and replace it with something that would be more "attractive" to shoppers.


I'm not sure exactly what that would be, unless the company plans on attracting another department store (Parisian?) (Von Maur?). Even if other stores were planning on entering the market, which IMHO is highly unlikely, I doubt they'd be interested in putting their first regional location in Jamestown Mall. Any traffic count- from pedestrians in the mall to cars outside- pales in comparison to Chesterfield Mall or St. Clair Square, and is not even close to regional draws like the STL Galleria or West County Center.



I guess Federated could buy the Dillard's spot, close the Famous-Barr store and re-open the Dillard's as Macy's, but that's doubtful as well. The Famous-Barr at Jamestown opened in the early 1990s as the Northland store in Jennings closed. I can't imagine Federated would be interested in increasing their presence (the current Jamestown Dillard's has four levels) in a mall that's hemmoraging tenants- not when their immediate goal is repositioning Famous-Barr as Macy's. So, in other words, I'm not buying the hopeful talk of attracting another major tenant to Jamestown.



I don't doubt that Dillard's wants to remain in Greater Saint Louis, despite competition from Macy's, but I think it'll be addition through subtraction. I'd be very surprised if Dillard's keeps its Northwest and Crestwood Plaza stores open much longer. Free-standing stores in each area would always be an option, or Dillard's could take over the s/t/b vacant Lord & Taylor site in West County Center in lieu of another location in Crestwood or elsewhere in southwest St. Louis County.

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PostApr 05, 2006#9

ThreeOneFour wrote:
I'm not sure exactly what that would be, unless the company plans on attracting another department store (Parisian?) (Von Maur?). Even if other stores were planning on entering the market, which IMHO is highly unlikely, I doubt they'd be interested in putting their first regional location in Jamestown Mall.


My guess (and IMHO the best-case scenario in this situation) is that the new tenant (if there is one!) will be a Kohls or something similar. Kohls has shown a willingness to move into someone-else's building (if they can get it cheap!), the market seems to be a good match, and AFAIK there is not a Kohls location nearby (closest is probably Rock Rd, maybe Edwardsville.)


ThreeOneFour wrote:
I guess Federated could buy the Dillard's spot, close the Famous-Barr store and re-open the Dillard's as Macy's, but that's doubtful as well. The Famous-Barr at Jamestown opened in the early 1990s as the Northland store in Jennings closed. I can't imagine Federated would be interested in increasing their presence (the current Jamestown Dillard's has four levels) in a mall that's hemmoraging tenants- not when their immediate goal is repositioning Famous-Barr as Macy's. So, in other words, I'm not buying the hopeful talk of attracting another major tenant to Jamestown.


Sigh. The plight of poor Jamestown could be a long thread all its own. The population is growing (after a long period of stagnation) in that general area but for whatever reason that mall has never been popular. Is it the lack of decent restaurants? The feeling like it's out in the middle of nowhere when it really isn't? Who knows. It's a chicken/egg thing - the mall has little traffic so it's unattractive to major tenants, but it doesn't get much traffic because it doesn't have a good selection of stores.....

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PostApr 05, 2006#10

I feel that the plight of Jamestown is just a reflection of the local mentality that "the North Side is bad/dangerous". I still have some family living in North County, at least for the next couple of years. I expect them to soon follow the rest of my relatives that fled to St. Charles and Madison Counties. They will travel to West County or the Galleria for shopping even though Jamestown and Northwest are much closer. I find the same mentality of avoiding North County retailers by many friends both black and white who live there. Funny thing was we went to Jamestown all the time when it first opened (I especially loved all the fountains as a kid) but they have avoided it like the plague for the past 12 years. I believe that Jamestown's days as a regular mall unfortunately might have faded and its doomed to become a discount retailer. Even with all the new housing being built around it shoppers will probably continue to take their spending power elsewhere. The Mills might also have problems if they don't watch out, last weekends mall closing due to violence has already made the rounds at work. One person commented on the story by saying "what else can you expect from Hazelwood".

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PostApr 05, 2006#11

southcitygent wrote:They will travel to West County or the Galleria for shopping even though Jamestown and Northwest are much closer.


...or Mid-Rivers. "It's only 20-25 minutes away on 370!" OK, but Jamestown is 10 minutes away, if that. And gas is $2.50 a gallon, people.


southcitygent wrote:I find the same mentality of avoiding North County retailers by many friends both black and white who live there.


It's puzzling, isn't it? Lamenting the lack of good nearby retail, yet not patronizing what IS there.


southcitygent wrote:The Mills might also have problems if they don't watch out, last weekends mall closing due to violence has already made the rounds at work. One person commented on the story by saying "what else can you expect from Hazelwood".


Oh, I hope you're kidding. But I suspect you're not. I can just imagine.

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PostApr 05, 2006#12

here is something about the Mills brawl:



http://www.ksdk.com/news/news_article.a ... ryid=94678



As for Dillards, its a blow to Jamestown, a sad thing to see. However, I hate to say it, but why don't they build a power center/big box stores in that area around that mall? There is so much land and the sales tax is low in that part of North Co.

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PostApr 07, 2006#13

JustMe123 wrote:Sigh. The plight of poor Jamestown could be a long thread all its own. The population is growing (after a long period of stagnation) in that general area but for whatever reason that mall has never been popular. Is it the lack of decent restaurants? The feeling like it's out in the middle of nowhere when it really isn't? Who knows. It's a chicken/egg thing - the mall has little traffic so it's unattractive to major tenants, but it doesn't get much traffic because it doesn't have a good selection of stores.....


I agree completely. Is it perhaps a management issue? Hasn't the mall had several different management firms over the years? I question whether enough was done to adequately position the mall- and by that I mean everything from marketing to tenant selection seemed to be lagging, especially in recent years.



The population around the mall is growing, new home construction in NoCo seems to be occuring at a faster pace than I can recall in my lifetime, yet the general area (Mills mall and Florissant strip centers excluded) is hemorraging retail. Like you said, it's definitely a good example of the chicken vs. egg argument.


southcitygent wrote:I feel that the plight of Jamestown is just a reflection of the local mentality that "the North Side is bad/dangerous". I still have some family living in North County, at least for the next couple of years. I expect them to soon follow the rest of my relatives that fled to St. Charles and Madison Counties. They will travel to West County or the Galleria for shopping even though Jamestown and Northwest are much closer. I find the same mentality of avoiding North County retailers by many friends both black and white who live there. Funny thing was we went to Jamestown all the time when it first opened (I especially loved all the fountains as a kid) but they have avoided it like the plague for the past 12 years. I believe that Jamestown's days as a regular mall unfortunately might have faded and its doomed to become a discount retailer. Even with all the new housing being built around it shoppers will probably continue to take their spending power elsewhere. The Mills might also have problems if they don't watch out, last weekends mall closing due to violence has already made the rounds at work. One person commented on the story by saying "what else can you expect from Hazelwood".


I'm afraid you're probably right, because I agree, and I wish we were both wrong in this case.



When I lived in Maryland Heights, I used to go to Jamestown when I couldn't find what I wanted at Northwest Plaza. I encountered less traffic heading north after work than I would've heading to West County or Chesterfield malls. And I liked the smaller footprint of Jamestown, since I did most of my shopping in the anchor stores. I generally prefer Famous-Barr, but I always liked the Jamestown Dillard's and had good luck finding work attire there. (The geek in me always thought it was cool because it had four floors- it reminded me of the old downtown stores more than the average mall anchor.) I guess that's why I always went downtown first anytime I wanted to go to a Famous-Barr specifically!



Yet I encountered many people who said "I never shop at Jamestown," or that asked me why I shopped there, as if the place held some sort of disease. I do think there's this common perception that all of North County is dangerous, even if the majority of crime is confined to relatively small areas. IMHO it's just as misguided to suggest this as it is to make the same assumptions about city living. And I'm used to defending myself against those misconceptions all the time, so I can only imagine how the average NoCo resident must feel.



I fear that the Dillard's closing will force Macy's and Sears to reconsider their future in this mall. Perhaps discount stores will take their place, since JC Penney turned their Jamestown location into an outlet store a few years ago. I'm sure both parent companies (Federated and Sears Holdings) will continue shedding unprofitable stores in the coming years as the cost of doing business continues to rise. And Dillard's, a super-regional chain, has to compete with an 800-pound gorilla that now has a national presence- Macy's.



Unfortunately, I'm not surprised by the closing, but I always thought the remaining Northwest Plaza anchors (FB/Macy's, Dillard's, and Sears) would close first- just as JC Penney did five years ago.

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PostApr 07, 2006#14

I think the malls largest problem is its location. Look at all other area malls that are doing well, and they are near interstates and major roads. Jamestown is kind of hidden, that part of Lindbergh is not heavily traveled at all! In fact, most people I know have never heard of Jamestown Mall. The second thing is, I do not think that the preception that "North County is not safe" has anything to do with Jamestown's problems. Jamestown Mall is not a mall that is suppose to draw people from West County, South County or St. Charles. It was never meant to be a Galleria or West County Mall. Jamestown was built to serve the North County market, and for some reason the people there choose not to shop there.

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PostApr 07, 2006#15

^Good point. It is hidden away. It is visible and handy only to those that live in the neighborhood. Most malls have a regional visibility & draw - with easy access. They may need to rework it so that it becomes more of a neighborhood center, rather than a regional mall.

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PostApr 07, 2006#16

ChesterfieldKid03 wrote:I think the malls largest problem is its location. Look at all other area malls that are doing well, and they are near interstates and major roads. Jamestown is kind of hidden, that part of Lindbergh is not heavily traveled at all! In fact, most people I know have never heard of Jamestown Mall.


Good point. I remember when I first moved to the STL area (dating myself here!) getting directions from a neighbor on how to get to Jamestown, attempting to get there, reaching "the middle of nowhere" (i.e., farmland in that area), and turning around and going to Famous at Northland then Dillards (then Stix) at River Roads.



A bit OT..... I've always wondered why that area was never developed more. For goodness sake - it's actually fairly close to STL city proper; you can see the arch from 270 & 367.


ChesterfieldKid03 wrote:The second thing is, I do not think that the preception that "North County is not safe" has anything to do with Jamestown's problems.
LOL - I don't think you could get much safer than Jamestown; most of the shoppers I see there are middled-aged or retired women.


ChesterfieldKid03 wrote:Jamestown was built to serve the North County market, and for some reason the people there choose not to shop there.


Exactly. And the reason for that is a mystery to me. I guess there's some prestige to saying "I bought this at Mid-Rivers Famous" over "I bought this at Jamestown Famous"? :roll:

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PostApr 07, 2006#17

Isn't this expected? Everyone is moving to Wenztville!



After all, the Wentzville Mall is going to be rehabbed and reopened as a REAL mall, not an Outlet Mall. Who would wager that Dillars will be in Wentzville?



Again, the same decline will happen to St. Charles, and I cannot wait.

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PostApr 07, 2006#18

Doug wrote:After all, the Wentzville Mall is going to be rehabbed and reopened as a REAL mall, not an Outlet Mall.


Speaking of that (and this should probably be in the St Charles County forum, but here goes anyway.....)



What's the latest on the Warrenton Outlet Mall? It seems to have fared a lot better than Wentzville, but I noticed last Fall that several of the "key" retailers (e.g., the Gap Outlet, et al) opened up shop at the Mills.



Between the Mills Opening and the price of gasoline these days, I'm wondering if Warrenton is feeling the pinch.

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PostApr 14, 2006#19

Doug, definitely true. the SAME decline will happen in St. Charles within twenty years. I'd put millions of dollars on that bet. Sad, don't mean to sound negative or bashful, but the St. Charles attitude of "over there" ie st louis city/ county is coming RIGHT on over to St. Charles. Jamestown was MidRivers Mall 25 years ago.. and does saying I shop at Mid Rivers have prestige?

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PostApr 06, 2007#20

Solon Gershman Converting Former Dillards into Mixed Use Property



Developer Planning Restaurant, Medical Office Space for Empty Jamestown Mall Anchor Space



If plans go as expected, the former Dillards department store space at the Jamestown Mall will be transformed into a mixed-use property offering office, medical/office and possibly an assisted living facility to accompany the full-service restaurant currently operated on the building's fourth floor.



Solon Gershman Inc., the St. Louis regional affiliate of ONCOR International, is overseeing the redevlopment of the 216,000-square-foot former retail location at 400 Jamestown Mall Rd in Florissant, MO into a mixed use development. Among the proposed build-outs being considered are office space and more specialized medical offices along with a possible assisted living facility. Initial construction has started, with the completion date dependent on leasing and build-outs.



This redevelopment covers four floors each measuring 54,000 square feet. A fourth floor full service restaurant currently in place. Other building features include ample parking, high ceilings and escalators, with plenty of retail and entertainment nearby.



Matt Hirsch, Barry Iken and Tim Balk of Solon Gershman are heading up the redevelopment and leasing of this location.



http://www.costar.com/News/Article.aspx ... B346A569CE

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PostApr 06, 2007#21

^ Oooooh...exciting... :roll:



I always liked that Dillard's because it was spread out over four levels, which is rare for a mall location. I used to shop there when I lived in Maryland Heights and couldn't find what I wanted in Northwest Plaza (of course, this was almost a decade ago, when both malls still had a decent number of worthwhile stores). I sometimes felt like I was the only shopper in that Dillard's, though, so I suppose the writing was on the wall even then.



Is this one on Deadmalls.com yet? If not, it oughta be. What a shame.

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PostApr 06, 2007#22

ThreeOneFour wrote:^ Oooooh...exciting... :roll:



I always liked that Dillard's because it was spread out over four levels, which is rare for a mall location. I used to shop there when I lived in Maryland Heights and couldn't find what I wanted in Northwest Plaza (of course, this was almost a decade ago, when both malls still had a decent number of worthwhile stores). I sometimes felt like I was the only shopper in that Dillard's, though, so I suppose the writing was on the wall even then.



Is this one on Deadmalls.com yet? If not, it oughta be. What a shame.


Someone with some spare time and energy needs to update the St. Louis area malls on deadmalls.com

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PostApr 06, 2007#23

Malls are in the business of making money pure and simple. I hate to see malls close, and watch people flee out to the exurbs, but that's what continues to happen. As for the fights at the Mills, that mall is dead. Is the Galleria next? These thugs starting fights and causing trouble need to be booted from the malls at the first opportunity, because they are scaring away buyers with money, whether it be "perception" or not. I don't think this is a management problem either, sometimes, there are things that are just out of their hands.

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PostApr 06, 2007#24

Kinda sad. I can remember my grandmother taking me into the Tea Room at this Dilliards after going to the Mall when I was a little kid.

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PostApr 06, 2007#25

dweebe wrote:
ThreeOneFour wrote:^ Oooooh...exciting... :roll:



I always liked that Dillard's because it was spread out over four levels, which is rare for a mall location. I used to shop there when I lived in Maryland Heights and couldn't find what I wanted in Northwest Plaza (of course, this was almost a decade ago, when both malls still had a decent number of worthwhile stores). I sometimes felt like I was the only shopper in that Dillard's, though, so I suppose the writing was on the wall even then.



Is this one on Deadmalls.com yet? If not, it oughta be. What a shame.


Someone with some spare time and energy needs to update the St. Louis area malls on deadmalls.com
I wrote something for them on several malls in MO, but looks like they still have not posted it after 2 years. :roll:

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