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PostMay 21, 2013#751

arch city wrote:The Macy's announcement just makes the dearth of retail downtown all the more scarce. My hope however, is that other smaller retailers would seek to fill the void now.

As a start, downtown, in my opinion, needs "off-price" and discount retailers such as Ross, TJ Maxx, Marshall's and K&G, dollar discounters such as Family Dollar, Dollar General, Dollar Tree, etc. and women's stores such as Dress Barn, Rainbow, Fashion Bug, Cititrends, Payless Shoe Source, Shoe Carnival. Trader Joe's, Whole Foods, etc. - forget about it. It is going to be a long time before downtown sees high-end retail so the best thing for it to pursue are off-price and discounters for now.

Downtown St. Louis ISN'T too good for discounters and dollar stores.
I agree completely. We used to have stores like that downtown - you can even see the old Payless logo on the window of the Quizno's on Olive.
Last, another issue for me is that I do not understand why Macy's hasn't filled up the Railway Exchange with more of its local call center and corporate employees. Why in the hell are they in Earth City anyway?
They have a warehouse out there - I don't know if that has anything to do with it.

Who came up with the name "Earth City?" What a horrible name for an awful place to work.

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PostMay 21, 2013#752

threeonefour wrote:
stlgasm wrote:And here's another whammy...

People's Bank and PNC Bank announced today that they are closing their downtown locations: http://www.stltoday.com/business/local/ ... 0bb20.html

It does seem like downtown is merely treading water lately. There has been a lot of residential growth, and that's wonderful, but we still almost no new infill construction (save for the empty Roberts Tower) to replace existing parking lots and garages. I went to lunch downtown today, it's depressingly quiet in much of the CBD even during a business day. We probably have one of the least congested downtowns of any major city in the country.

That said, it's still the most amazing city in the world and I love it with all my heart.
I noticed the news about the bank closings as well. And, as usual, I agree completely with your take on things.

I love it here, too, but I get the same impression about downtown lately. My long-term outlook is still optimistic, but my soul is feeling a bit crushed right now.
I disagree with the significance of the bank closings. How necessary are they in today's day and age? My bank has only two or three physical branches in the whole world and I've never used one. Times are changing...

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PostMay 21, 2013#753

I agree that this news isn't surprising in the least, but we cannot underestimate the effects of its loss to downtown, especially the subtle ones. When my brother worked at the Omni Majestic, guests who forgot something important would frantically ask where to get a tie or a pair of socks or any number of necessities (and this happened ALL THE TIME). Macy's was always the convenient go-to retailer for all kinds of things. Now where will hotels tell visitors to go when they are frantic and rushed and without these things... The Galleria? So even though the downtown Macy's was kinda shabby, it had major symbolic impact both practically-speaking and for the city's image. Its absence will absolutely be felt.

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PostMay 21, 2013#754

jcity wrote:This building can now be repositioned as something cooler, and better for downtown.
Call me old-fashioned, but I cannot think of anything "cooler and better" for downtown than a traditional department store with over 100 years of history. Even the mayor said the loss wasn't "tragic". Bull$#!t. A century of retail tradition will soon be gone forever, and with it, one of downtown St. Louis' competitive advantages over most other American downtowns (at least for the reason outlined by stlgasm above, if for no other reason at all). I realize the model probably isn't sustainable outside of Herald Square in Manhattan or Union Square in San Francisco, both of which have far more activity than most downtowns, not just downtown St. Louis. But I also realize that the mindset of many hipsters and $30k millionaires is that development isn't "cooler or better" unless it meets their exacting standards. For example, I'm pretty sure there are more than a few people on this forum that wouldn't be content with CVS, Ross, or TJ Maxx, even though they're the most likely national tenants to fill a space like that. Some might even sneer at CityTarget, I don't know. Like I said, I get that Macy's couldn't go on forever with the present state of traditional department stores or downtown in general, but I don't think the city or Macy's took full advantage of the opportunities they had, either. It was a half-arsed effort by both entities in my opinion.
debaliviere wrote:Who came up with the name "Earth City?" What a horrible name for an awful place to work.
Good question. My first job when I moved to St. Louis was in Earth City. Keep in mind that this was around the time that Office Space was in theaters. I'd much rather work at Initech than anywhere in Earth City ever again. What a mind-numbing, soul-crushing place that is...it is just awful in every sense.

PostMay 21, 2013#755

stlgasm wrote:I agree that this news isn't surprising in the least, but we cannot underestimate the affects of its loss to downtown, especially the subtle ones. When my brother worked at the Omni Majestic, guests who forgot something important would frantically ask where to get a tie or a pair of socks or any number of necessities (and this happened on a weekly basis). Macy's was always the convenient go-to retailer for all kinds of things. Now where will hotels tell visitors to go when they are frantic and rushed and without these things... The Galleria? So even though the downtown Macy's was kinda shabby, it had major symbolic impact both practically-speaking and for the city's image. Its absence will absolutely be felt.
Bingo. THIS is it in a nutshell. The coolest, hippest concept in the world can't make up for this loss. There are creative things that can be done with the upper levels. Personally, I'd like to see office AND residential in the REB. But I think the first (and perhaps second) levels are best served by traditional retailers, and it's probably the best place for national retailers to re-enter downtown.

Innov8ion, I'm less bothered by the loss of the bank branches, which I agree are less necessary than they used to be, and more bothered by yet more vacant space. That said, both of those spaces (especially People's) should fill up quickly given their locations. Filling the Famous-Barr/Macy's hole is going to take a lot more creativity, and more sales tax out of our pockets, since nothing will happen there without more subsidies.

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PostMay 21, 2013#756

This is what I wrote two years ago, right after the "renovation".
the count wrote:Something's fishy. Initially they said the cost of the renovation was going to be $5-7 million. They really didn't do much renovating other than some new carpeting and paintwork. I doubt they even spent $1 million on it. The counters on the first floor still scream 70's.

They renewed their lease for just 5 years. They must've had yet another change of heart. I am skeptical this renovation is going to turn the store around.
If Macy's had been serious about the downtown store, they would have brought it up to par with the other stores in the region. I believe they would have had a fighting chance to make it a success.

They didn't.

The store was downsized but not renovated. In fact, the store became much less attractive without the restaurants and the loss of the 4th floor connecting skybridge to the parking garage.

Whenever you saw visitors walk around you could see the astonished look on their faces taking in the sad state of affairs in the store. It made me feel embarrassed for my city.

Macy's decided from the takeover of the May co. that they wouldn't keep the store open. They squeezed out all the money they could get from the city in order to delay the inevitable without losing a ton of money.

After Federated's takeover of the May company the fate of the downtown store was sealed.

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PostMay 21, 2013#757

It's hard not to be sad about this. I think of/worry about the restaurants, the sausage guy at the corner of Olive & Broadway and the rest of the businesses that relied on Macy's lunch.

I'm mad that Macy's put zero effort into the store.

It's funny because yesterday I think I saw more Macy's bags in people's hands downtown then I recall seeing before.

I really hope something can be done to salvage the space and the Railway Exchange project. It's such an amazing building. Locust & 6th street is just going to be deader than dead now.

Ugh, holding out for good news now!

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PostMay 21, 2013#758

the count wrote:This is what I wrote two years ago, right after the "renovation".
the count wrote:Something's fishy. Initially they said the cost of the renovation was going to be $5-7 million. They really didn't do much renovating other than some new carpeting and paintwork. I doubt they even spent $1 million on it. The counters on the first floor still scream 70's.

They renewed their lease for just 5 years. They must've had yet another change of heart. I am skeptical this renovation is going to turn the store around.
If Macy's had been serious about the downtown store, they would have brought it up to par with the other stores in the region. I believe they would have had a fighting chance to make it a success.

They didn't.

The store was downsized but not renovated. In fact, the store became much less attractive without the restaurants and the loss of the 4th floor connecting skybridge to the parking garage.

Whenever you saw visitors walk around you could see the astonished look on their faces taking in the sad state of affairs in the store. It made me feel embarrassed for my city.

Macy's decided from the takeover of the May co. that they wouldn't keep the store open. They squeezed out all the money they could get from the city in order to delay the inevitable without losing a ton of money.

After Federated's takeover of the May company the fate of the downtown store was sealed.
This is the hard truth. And you were spot-on about the so-called "renovation".

Five to seven million dollars? Ha! I can't believe someone even floated that figure around when it was painfully evident that Macy's didn't even spend the $1 million they managed to coax out of the city through incentives, that I wound up paying for with a higher sales tax on everything I bought there. :wink:

It pains me to say this, but Federated/Macy's Inc. played the city and its citizens just like the Cardinals played them with Ballpark Village. Bill DeWallet III promised us blocks of high-density development and gave us a cowboy bar, a couple of Applebee's doppelgangers with Cardinals and Budweiser themes, and a big asphalt lot. Macy's promised St. Louis a regional headquarters and a renovated store, only to strip away nearly 2,000 corporate jobs, close the restaurants, cut the retail space by more than half, and cut off the skybridge to "save" the store. And then they broke their last promise yesterday when they announced they'd leave less than halfway through their current lease.

Pardon me if my memory is a bit fuzzy since I was in grade school at the time. But if I recall correctly, when Dillard's bought Stix, Baer & Fuller, SB&F was struggling. (Long story short, SB&F bit off more than it could chew when it expanded outside the St. Louis area by building a store on Ward Parkway in Kansas City and acquiring Bressmer's of Springfield, Illinois. And Famous-Barr was in much better shape from the beginning.) They had originally planned to build a new store on the south side of Washington Avenue as part of St. Louis Centre as recently as the late 1970s. But when those plans fell through for whatever reason, SB&F moved its executive offices to the top level of the former Crestwood Plaza store by 1980. The downtown store remained, but it closed in 1983 after Dillard's acquired SB&F, it reopened a few months later under the Dillard's nameplate, and it shrunk from seven or eight floors to three, just like Macy's did with Famous-Barr. The difference is, Dillard's stayed for well over a decade (1984-2001), and I don't believe they used tax incentives to renovate the store. Granted, their renovation was even worse, as they stripped the character out of the place and turned SB&F's main level (which was even lighter and airier than Famous-Barr's) into a depressing dungeon. But hey, it was the 1980s, I'm sure they thought it was cool just like Simon and Associates thought St. Louis Centre's white and green stripey facade was cool. And we wonder why there will soon be no traditional retail left in downtown. I guess we should be glad we had a store as long as we did, even though I'm still p!$$ed at Macy's for putting forth such a pathetic attempt.

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PostMay 21, 2013#759

#1. I don't think anyone is underestimating the impact of Macy's closing. I think we are simply saying that it isn't the end of downtown. I could be wrong, but personally I have always thought other retailers were afraid to locate downtown because of Macy's. And because Macy's was coveted a serious pursuit of other retailers was flat-lined.

#2. Many cities across this country do not have a single department store downtown, yet they have thriving or fairly healthy downtowns - Houston, Cleveland and to some extent Kansas City come to mind. Downtown St. Louis will be fine.

#3. Macy's closing now presents a real opportunity for other national stores, entrepreneurs and mom-and-pop stores to open locations downtown. The fear of a glut (or overlap) should be lessened now.

#4. City Hall must become REcommitted to pursuing retail downtown by offering different types of creative incentives.

#5. At one time, the MX District was going to partner with General Growth Properties to help land retail in the district - then the recession hit. What are the current plans? What about pursuing THF Realty or some other firm to

#6. Because the outcome of the closure WILL NOT change, instead of staying stuck in the mindset of "woe" or "past history" .......try to transition to the mindset of "what's next?" What can be done to reshape downtown St. Louis without Macy's? Life changes. Downtown changes.

#7. PNC Bank has been closing branches all across the country in recent months. In Pittsburgh, where the bank is headquartered, PNC announced the closure of 10 branches there last week.

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PostMay 21, 2013#760

Is there something the city should have done/should be doing to make downtown more conducive to retail? Streetscape improvement? Lighting? Security? Two-way streets? Dynamic parking meters? And is downtown retail important to the city? Our city resources are quite focused on a $500M Arch grounds revamp - will that effort attract retail? What is the city's plan for downtown?

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PostMay 21, 2013#761

arch city wrote:#1. I don't think anyone is underestimating the impact of Macy's closing. I think we are simply saying that it isn't the end of downtown. I could be wrong, but personally I have always thought other retailers were afraid to locate downtown because of Macy's. And because Macy's was coveted a serious pursuit of other retailers was flat-lined.
Do you have evidence of this? If anything, I think there are several businesses that could have benefited from co-tenancy.
#2. Many cities across this country do not have a single department store downtown, yet they have thriving or fairly healthy downtowns - Houston, Cleveland and to some extent Kansas City come to mind. Downtown St. Louis will be fine.
I didn't get that impression from KC or Cleveland, but I agree that there are other downtowns that serve as examples, like Denver for one.
#3. Macy's closing now presents a real opportunity for other national stores, entrepreneurs and mom-and-pop stores to open locations downtown.
True. The mom-and-pops may give it a try, but they're not going to be attracted to that immediate area (with the exception of the MX Building) with a monolithic dead zone between Sixth, Seventh, Olive, and Locust streets, at least not in the short-term. And the national retailers are going to want incentives.
#4. City Hall must become REcommitted to pursuing retail downtown by offering different types of creative incentives.
Agreed. I will grant you that even the effort to keep Macy's was part of the problem. There's still a reactive rather than proactive mindset in place at City Hall.
#5. At one time, the MX District was going to partner with General Growth Properties to help land retail in the district - then the recession hit. What are the current plans? What about pursuing THF Realty or some other firm to
Spinnaker has done well so far to attract MX Movies and the restaurants on the south side of Washington Avenue as well as what they've done with the former Stix, Baer & Fuller. If anything, The Laurel's rebirth in that building provides a blueprint or at least some hope for the Railway Exchange, even if the latter building is much larger.
#6. Because the outcome of the closure WILL NOT change, instead of staying stuck in the mindset of "woe" or "past history" .......try to transition to the mindset of "what's next?" What can be done to reshape downtown St. Louis without Macy's? Life changes. Downtown changes.
Careful, man. Some of us are still moving through the seven stages of grief. But we're as interested in "what's next" as everyone else.

Short-term, I worry that downtown is treading water as stlgasm said. Long-term, I am confident it will be fine.
#7. PNC Bank has been closing branches all across the country in recent months. In Pittsburgh, where the bank is headquartered, PNC announced the closure of 10 branches there last week.
As I said before, the loss of a small bank branch is less significant than yet another vacancy in a downtown with no dearth of vacancies.

But quite honestly, I don't care what PNC does because my distrust and distaste for major banks runs far deeper than any anger that I have toward Macy's now. :wink:

And finally, Alex...
Alex Ihnen wrote:Is there something the city should have done/should be doing to make downtown more conducive to retail? Streetscape improvement? Lighting? Security? Two-way streets? Dynamic parking meters? And is downtown retail important to the city? Our city resources are quite focused on a $500M Arch grounds revamp - will that effort attract retail? What is the city's plan for downtown?
I agree with everything you said above. And you were spot-on in your earlier post as well. The city (from City Hall to various organizations) seems so fixated on "fixing" the Gateway Arch grounds, as well as sports, casinos, parades, and events, that it can't ever be bothered to make retail a priority. That's why I think the city's effort to save Macy's was as half-arsed as Macy's promise to improve the store and keep it open.

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PostMay 21, 2013#762

The major loss here is, as others have said, convenient access to everyday personal goods and clothing -- for both downtown employees and visitors to the City. Socks, dresses, button-down shirts and ties. Umbrellas. Cologne. Last-minute gifts (or gift cards) for a co-worker's birthday or going-away party. Et cetera.

That's not a working model for a major retailer now-a-days. It can't (and arguably, shouldn't) sustain on those kinds of one-off "need" purchases. Rather, it requires a "want" customer base.

The problem is that Macy's had to be that "need"-style store downtown. The residential base isn't strong enough yet, the business class is content to drive to a mall after work for their "want" shopping, and there's NO other viable downtown "need" option to allow Macy's to be something else.

[One anecdote: I was staying at the Ballpark Hilton as part of a wedding party and realized I had no black socks. In torrential rain, I set out at a dead sprint across Kiener Plaza, down 6th street and into Macy's. Got some socks, bought an umbrella, picked up a head scarf for my date and was able to get back to the hotel...all in about 15-20 minutes. I don't know what my options would be now. Hope that one of the random beauty/tobacco shops are open and have a supply, I guess?]

I'd like to see a CVS installed in the base of the Locust/6th parking garage to begin catering to some of those basic daily non-apparel "need" purchases. Since CVS's model doesn't really include clothing (but maybe it should!), we'd need one or two more shops offering fashionable, reasonably-priced clothing to fully cover what we've lost with the downtown Macy's.

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PostMay 21, 2013#763

Alex Ihnen wrote:Is there something the city should have done/should be doing to make downtown more conducive to retail? Streetscape improvement? Lighting? Security? Two-way streets? Dynamic parking meters? And is downtown retail important to the city? Our city resources are quite focused on a $500M Arch grounds revamp - will that effort attract retail? What is the city's plan for downtown?
Great questions. I agree 1000%.

I do think the cleaner streets, better lighting and planters have changed the appearance of downtown for the better. I think the CID is working. But I have often wondered how is it that Clayton has paver crosswalks and traditional lighting throughout downtown Clayton and downtown St. Louis doesn't.

Perhaps it is time for new downtown charrettes.

As of late, it seems the city's focus and efforts have been on CORTEX. In my opinion, downtown had a good start, so there is no laser-like focus on downtown - as in the past - because I think the city is allowing development to "organically" transform downtown now. The city needs to jump back on downtown.

It may sound corny, but maybe downtown St. Louis needs a downtown development czar - who would specifically work on rebuilding downtown with jobs and development - along with support from the Downtown Partnership.

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PostMay 21, 2013#764

Hard to take much positive away from this announcement. With the loss of 194 jobs from downtown, the total May/Macys loss from the time of the merger until now is about 2,750. Think about that number. The CBD’s census tract added 2,853 persons between 2000 and 2010. The job losses at the Railroad Exchange building are almost equal to the number of added households (and we all know that downtown lost even more jobs elsewhere). That balance, at best trading housing units for jobs, is not a sign of long-term success for downtown.

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PostMay 21, 2013#765

Again this is part of the decline of department store retail. There are plenty of other downtowns that are dealing with this loss. Then again, I don't see this as a huge loss. Sure in the short-term it seems that way, but if you look at the shopping habits of today's 18-30 year olds, they aren't exactly screaming to go shopping at Macy's and other big department stores. They love stores like Urban Outfitters, Gap, H&M, American Apparel, etc. Department stores are not the future, and they haven't been for a long time. They are outdated for the market dynamics today and must significantly change if they want to compete.

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PostMay 21, 2013#766

Joseph Huber wrote:Again this is part of the decline of department store retail. There are plenty of other downtowns that are dealing with this loss. Then again, I don't see this as a huge loss. Sure in the short-term it seems that way, but if you look at the shopping habits of today's 18-30 year olds, they aren't exactly screaming to go shopping at Macy's and other big department stores. They love stores like Urban Outfitters, Gap, H&M, American Apparel, etc. Department stores are not the future, and they haven't been for a long time. They are outdated for the market dynamics today and must significantly change if they want to compete.

That is all well and good, but the continued loss of jobs downtown undermines the ability to attract those shopping alternatives.

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PostMay 21, 2013#767

What I thought was weird is the downtown stl partnership's twitter account stated that this was a national trend and not a local issue. But in the biz journal, Kevin Farrell stated - “Even after they downsized, it’s still a 180,000-square-foot department store; that’s a huge retail operation,” Farrell said. “Its difficult for small to mid-sized downtowns to generate the kind of retail sales at that level.” Clearly stating that this is a local issue and not only a national trend.

Honestly, while both factors are reasons for the closure, I think the partnerships twitter shouldn't act as if it's not a local issue.

Full article: http://www.bizjournals.com/stlouis/blog ... l?page=all

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PostMay 21, 2013#768

A CVS or Walgreens, Foot Locker or Payless, Ross or Gap, and a Men's Wearhouse, Jos. A. Bank or Brooks Brothers would fulfill about 95% of the void left by Macy's. Four stores.

It could be surprising how much people prefer shopping in a new light-filled atmosphere (ie Culinaria) and therefore visit it and spend more than the dingy old catacombs of Macy's.

I think the key to downtown's retail future is its population growth. As long as that trend continues, which I think it will, the retail will follow.

Also, not to go all laissez faire economics, but I'd rather see city hall focus on infrastructure (specifically the DT streetcar, N-S Metrolink, and DT streetscape projects) and big picture ideas than going after individual retailers. It seems to me that the retailers themselves are usually best at knowing where they will succeed and that developers like Amos Harris have more expertise in bringing them in.

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PostMay 21, 2013#769

stlien wrote:What I thought was weird is the downtown stl partnership's twitter account stated that this was a national trend and not a local issue. But in the biz journal, Kevin Farrell stated - “Even after they downsized, it’s still a 180,000-square-foot department store; that’s a huge retail operation,” Farrell said. “Its difficult for small to mid-sized downtowns to generate the kind of retail sales at that level.” Clearly stating that this is a local issue and not only a national trend.

Honestly, while both factors are reasons for the closure, I think the partnerships twitter shouldn't act as if it's not a local issue.

Full article: http://www.bizjournals.com/stlouis/blog ... l?page=all
It's a national trend and since it's occurring here, I suppose it's also a local issue. I don't understand the concern with semantics though. Was the Macy's profitable? Although it's disappointing they're leaving, I'm not sure there was a market here.

Anyway, I find the suggestion that downtown is "treading water" to be a bit silly. The market is just reflecting reality after external incentives dried up. If we wish to see more retail, we've got to create a more robust demographic market.

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PostMay 21, 2013#770

I hope this doesn't seem too trivial but I'd like to see the Christmas model train window display remain downtown StL. Somewhere downtown.

I'd hate for it to end up in someone's basement or on display in another city.

The set's scenery art wasn't too StL or even Missouri themed (except for that tiny Macy's billboard and some mid-century modern model houses). Maybe it was in ways I am missing. Does anyone know the set's history? How long has that particular display been used? etc. If it has historic significance, it needs to stay downtown. IMO

I'll write a "Dear Sir or Madam" letter to Macy's regarding its disposition but if someone had a contact that would help.

Here is a phone video I made a few years back. http://vimeo.com/66646272


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PostMay 21, 2013#771

I live in Soulard and shopped at the downtown Macy's several times a year. I thought their selection was improving, but still lacking.

I would find myself there usually on a Saturday morning/afternoon and I wanted to pick up some new duds but didn't have the desire to drive to Brentwood or South County.

It seemed like business at those times was picking up, but maybe just a smattering of conventioneers and those going to a Blues/Cards game with time to kill before or after the game.

And while we all bemoan the lack of a central place to grab socks, greeting cards, dress shirt, cologne, etc. downtown I can see where Macy's cannot make a go of it on that kind of random business.

At the same time had Macy's expanded their selection and tried a little harder downtown maybe just enough downtown residents and workers would have utilized that location for their main self and gift shopping to keep the store going a bit longer. But with the coinciding closings of other major downtown department stores across the country it seems likely an increased effort by Macy's would have only delayed the inevitable.

I'll miss the old store, but now is the time to focus on what can go in there and succeed in the 21st century. I was in San Francisco last fall at the time the City Target was opening there to much fanfare. I'd certainly like to see that or some of the other retail options posters have mentioned wind up in the Railway Exchange.

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PostMay 21, 2013#772

The suggestion of men's warehouse, foot locker etc is great imo. I work in creve coeur so idk the situation downtown but I usually shop for work clothes after work and having a men's warehouse or jos a. Banks down there would be great

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PostMay 21, 2013#773

regarding the model train relocations some possible suggestion for where to put it.

My vote is to put it in Union Station as part of the remodel.

Other possibles new homes to keep it downtown.
City Museum
Ballpark Village
Gateway Transit Center

Not in the city but still a cool idea IMHO
Lambert Airport Main Terminal

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PostMay 21, 2013#774

threeonefour wrote:Do you have evidence of this? If anything, I think there are several businesses that could have benefited from co-tenancy.
Which businesses are you speaking of? Where are they? Also, I don't need to present evidence for having "thoughts" or hunches. And there's no doubt, nonetheless, that Macy's is (was) coveted as a downtown retail anchor by City Hall and downtown boosters at one time.
I didn't get that impression from KC or Cleveland, but I agree that there are other downtowns that serve as examples, like Denver for one.
I like the downtowns of Cleveland and Kansas City. They don't "pop" like Philadelphia, Denver, Atlanta or The Loop in Chicago, but they are doing fine without Macy's. That was my point.
True. The mom-and-pops may give it a try, but they're not going to be attracted to that immediate area (with the exception of the MX Building) with a monolithic dead zone between Sixth, Seventh, Olive, and Locust streets, at least not in the short-term. And the national retailers are going to want incentives.
Everybody wants incentives. This is why creative incentivizing needs to happen downtown. If a small business locates on a particular street - other than Washington Avenue - then more incentives could be offered - such as awnings, a signage package, an increased financial package etc. Maybe the city could creatively incentivize a downtown test store for a national retailer (or retailers) such as Old Navy or Express. Allow them to run a test like Lululemon did in the CWE, but with forgivable incentives and loans with sunsets. If the store works out then its a win-win for both.
Agreed. I will grant you that even the effort to keep Macy's was part of the problem. There's still a reactive rather than proactive mindset in place at City Hall.
Macy's received tax credits to condense Macy's to three floors. Unfortunately, the city cannot always thwart these types of closings and relocations - no matter how much money is thrown at the business to stay. Sometimes the dynamics just don't work out for whatever reason. I personally don't see the city's effort to keep Macy's downtown as problematic, lackadaisical or reactive. The city tried. It didn't work.
Spinnaker has done well so far to attract MX Movies and the restaurants on the south side of Washington Avenue as well as what they've done with the former Stix, Baer & Fuller. If anything, The Laurel's rebirth in that building provides a blueprint or at least some hope for the Railway Exchange, even if the latter building is much larger.
Spinnaker has done well, however, they can't do it alone. There are other parts of downtown that need some love. THF Realty and other firms could be just as instrumental in a downtown retail revitalization.
Careful, man. Some of us are still moving through the seven stages of grief. But we're as interested in "what's next" as everyone else. Short-term, I worry that downtown is treading water as stlgasm said. Long-term, I am confident it will be fine.
Sorry, but in my opinion, there are only two stages needed here. Shock/Denial and Acceptance. The rest is bullsh*t.
As I said before, the loss of a small bank branch is less significant than yet another vacancy in a downtown with no dearth of vacancies.
Where the bank branch closures are located are prime locations. I have no doubt whatsoever that those locations will be scooped up by some businesses in the near future.

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PostMay 21, 2013#775

It must be agreed that this was not unexpected. It still sucks, but it was to be anticipated as part of a nationwide trend away from department stores. For years, I’ve chosen to shop at the Downtown Macy’s (shabby as it may be) if for no reason than out of principle, to keep the Downtown location receiving business from the community. Many Downtown workers shopped there, even if there was one a mile from their home in the County, just to help keep the store in the black. Now that this one is closing, I and others will just have to shop at another Macy's location (if I maintain my brand loyalty).

That I must find another place to shop outside of Downtown re-emphasizes what threeonefour had spoken of earlier:
There is a present need to source a new general retailer in Downtown, whether a full-service department store or a series of more targeted boutiques.

Aside from the Downtown workers who shop there, the Downtown residential community, and nearby residential areas, this Macy’s served the needs of conventioneers and other hotel guests who need to make a quick stop-off and buy clothing (i.e. the emergency buy after spilling something on their dress shirt). Very much, there will be a major void in the Downtown retail environment that should and must be addressed with immediacy. Independent retailers should greatly consider establishing a presence in Downtown STL to fill this void, because that CeCi place on Wash Ave can’t come close to selling what will be needed in very short order.

Men’s Wearhouse would do very well locating Downtown in short order, as well as a comparable professional women’s retailer.

This is a death within Downtown, but it is far, far from the death OF Downtown.
the count wrote:After Federated's takeover of the May company the fate of the downtown store was sealed.
Big time.

As for City Hall, they can’t prevent a business from ceasing operations. But, I do hope that Comptroller Green’s office is examining the City monies that went into the Macy’s “renovations” and, should they find anything with bite, make a move to remit any City monies spent not in good faith and/or commitment to their contract surviving its term.

I am somewhat comfortable in anticipating new retailers emerging to fill this soon-to-emerge strong demand for quality retail shoppers, with sustainable high-paying incomes, in what now must be agreed to be a retail desert.

Union Station & BPV, I’m sure, are paying great attention here.

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