Outlet malls typically aren't built in urban areas. They used to only be in rural areas between major cities along interstates: the move to the suburbs is a recent change to the market. It somewhat corresponds to the death of the "regular" shopping mall.jstriebel wrote:In addition to maybe finding cheaper close if the stores are truly outlets, isn't the primary reason to shop at outlet malls like these to have a walkable shopping experience?
It just boggles my mind that people drive up to, I dunno, 50 miles, to have this experience in the middle of nothing else that's walkable.
Why couldn't a development like this be built in the city? It wouldn't be from scratch, it would involve retro fitting current buildings. But why not the conglomeration of retail? Mixed in would be restaurants and entertainment that already exists. And you'd have a truly walkable and urban shopping experience.
Some would still have to drive to it, others who live close enough or near public transit could avoid that part.
It's too late now. Not for any retail, but for retail that would compete with this. But it just seems weird to me that this concept hasn't been further explored in the city. An indoor mall in the city failed, obviously. But this outdoor and walkable set up is exactly the sort of thing that could succeed.
Hahaha! I needed new polos! Armani however is NOT an outlet. THERE WAS A 17K suit in there..I felt like I had to pay to breath.roger wyoming II wrote:^ Hitting the outlet malls while in town? Your young urbanist streed cred is taking a hit! (Just kiddin!)
It's the same strategy of opening multiple car dealerships near each other. By creating a cluster, the idea is that you make it a destination for outlet shoppers and increase demand for both.Anglophile wrote:Was that second Collective location open for like a week? Jeez. But really--who could've predicted this? You open two very similar shopping centers within a few miles of each other and one of them starts struggling? Utterly shocking!
rbeedee wrote: ↑Mar 08, 2016Chesterfield Mall owner mulls options at struggling property
"Well that was unpredictable!" said no one. In a few more years it will be time for another subsidized redevelopment of a failing mall in the region!
With over 4 million square feet of shopping space — most of which is housed in Chesterfield Mall and two nearby outlet developments — Chesterfield “is simply over-retailed,” said Pace Properties Vice President Jim Rosen at a recent real estate conference.
A large-scale mixed-use development is likely, with room for retail, restaurants, office space and apartments or condominiums. Something along the lines of the Streets of St. Charles in St. Charles or the Boulevard in Richmond Heights, only bigger, Geisel said.
Any developer would likely seek some sort of incentive package to help fund the project. Chesterfield officials also are aware of how a redo of the mall could affect city finances. “The city has been actively reviewing revenue and expense streams. Sales tax collection at the mall has decreased over the years and redevelopment of the area will almost certainly result in less retail space than is built today,” the report said. “Reduction in area, combined with general declines in sales tax, will impact one of the principal sources of revenue for the city.”
