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.
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.