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PostJun 20, 2007#101

OK



Where is it posted that IKEA is going to locate a store at Northwest Plaza?



The new mall name is to be Lindbergh Town Center.



What is the total amount of the renovation purposal?



What percentage is the $86 million of the total renovation?



--------------------------



From the GGP website.



St. Ann, Missouri

A sense of excitement is coming to the northwest suburbs of St. Louis, Missouri. A mall that was once forgotten is getting an infusion of wise planning and solid investment. Currently known as Northwest Plaza, the center will soon come to life again as Lindbergh Town Center.



Already the second-most shopped mall in its trade area, an aggressive architectural plan will create a dynamic new shopping experience that will position the center as a new retail and dining destination and community gathering place. Remerchandising plans include the addition of new national and big box retailers and restaurants. Interior and exterior renovations include a new food court, children’s soft play area, soft seating areas, outdoor landscaping, a clock tower and a tree-lined entry drive.



Completion Date:

• Spring 2009

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PostJun 20, 2007#102

Happy to see this kind of investment in this area

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PostJun 20, 2007#103

Great! Now I wish someone could do the same thing with Crestwood Plaza. As long as it stays in Westfield's hands, I don't hold out much hope.

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PostJun 20, 2007#104

I like the giant chessboard.

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PostJun 20, 2007#105

If it a Town Center then where is the residential?



Proposition:

Build Apartments, condos, townhouses in a grid with higher densities along roads leading to the mall entrances or outdoor public plazas.



Construct public park and plaza with civic buildings: new St. Ann City Hall and Community/Recreation Center/Aquatic Center.



Construct a 'transit plaza' for buses and allow room for possible Metrolink or Bus Rapid Transit along Lindbergh station.



Construct mixed-use buildings



Construct outdoor/street facing retail buildings with a mix of rent levels

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PostJun 28, 2007#106

i have found its cheaper to buy french cuff dress shirts at the northwest plaza than any other place in town. those 'pimp daddy' shops usually have a great selection. i bought a plain white french cuff'd dress shirt at macys for $85. the ghetto shops had ones just as nice and with better patterns for $20. i bought 3 and returned the macys shirt.

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PostAug 06, 2007#107

In today's paper... Ailing Mall Hurt's City's Fianances



Hopefully the proposed conversion of Northwest Plaza into Lindbergh Town Center will help. IMHO, though, this illustrates the ridiculousness of our region's longstanding practice of zero-sum retail relocation. Look at how hooked St. Ann is on sales tax revenue- and it's hardly alone among St. Louis County municipalities.



Other metropolitan areas have revenue sharing, so it might be time for St. Louis County to start considering something similar.

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PostAug 07, 2007#108

ThreeOneFour wrote:In today's paper... Ailing Mall Hurt's City's Fianances



Hopefully the proposed conversion of Northwest Plaza into Lindbergh Town Center will help. IMHO, though, this illustrates the ridiculousness of our region's longstanding practice of zero-sum retail relocation. Look at how hooked St. Ann is on sales tax revenue- and it's hardly alone among St. Louis County municipalities.



Other metropolitan areas have revenue sharing, so it might be time for St. Louis County to start considering something similar.


Obviously, if this redevelopment doesn't get going soon, St Ann will continue to see their revenue from sales tax decrease. I visited NWP a couple days ago. What a sad site to see, empty and quiet. I remember when my cousins had a chinese restaurant there in the early '90s before they were forced to leave in order for Panda Express to enter in 1996. Now its just down to 4 eateries in the food court.



Lets just hope the city of St. Ann doesn't use their police to boost revenue for the city. :roll:

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PostSep 25, 2007#109

Tax agreement was approved by City council.



The plan is here if you have not read it yet.



I am doing a paper on St. Ann so this should provide a lot of material.



The plan lists some cool photos of the problems with NW plaza. Check out the plan starting at page 35.

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PostSep 26, 2007#110

what do the photos show?

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PostSep 26, 2007#111

JCity wrote:what do the photos show?


the photos show the deteriorating mall....parking lot cracking, leaky roof, outdated electrical system.



they also say too much parking lot is unnecessary.

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PostOct 15, 2007#112

One of the pieces of data that caught my attention was NWP's average retail sales per sq ft as compared to the national and midwest mall averages.



National = $296

Midwest = $341

Northwest Plaza (2006) = $44

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PostOct 15, 2007#113

I went to NWP recently and was dismayed. It was a ghost town. Many empty storefronts. I personally hate malls, but it was shocking. I had (have) shopped at NWP for years. Before the Galleria, NWP was the "go to" mainstream mall in the St. Louis region and it stayed packed. I was surprised that Macy's was still there alive and ticking. Big ups to them for hanging in there.







It's not surprising to me that average retail sales per square footage are just $44 because there are no stores. Maybe the redo will change the level of activity there.

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PostOct 15, 2007#114

StL_Dan wrote:One of the pieces of data that caught my attention was NWP's average retail sales per sq ft as compared to the national and midwest mall averages.



National = $296

Midwest = $341

Northwest Plaza (2006) = $44


How do they pay the rent, let alone the employees, at that sort of rate? Is that for the whole mall or just counting the sq ft of the stores that are open?



Plus, do the anchors like Macys and Sears count? I thought at most malls the anchors owned their building and didn't count into mall stats.

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PostOct 15, 2007#115

Check out NWP's slow death from 2002 to 2007.



**Northwest Plaza 2002 and 2007 photos**

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PostOct 15, 2007#116

dweebe wrote:...Plus, do the anchors like Macys and Sears count? I thought at most malls the anchors owned their building and didn't count into mall stats.


In newer (post-1980) malls, almost all department stores lease their buildings. Older ones they typically owned. I know Sears owns its building at NWP; Macy's probably does, too.

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PostOct 15, 2007#117

n newer (post-1980) malls, almost all department stores lease their buildings. Older ones they typically owned. I know Sears owns its building at NWP; Macy's probably does, too.


Actually most department stores own their building and lease the land they sit on. When Lord and Taylor closed their two stores here they sold their building to the mall owners, General Growth Properties and Westfield.

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PostOct 15, 2007#118

Report



Representatives of possible stores have gone door-to-door in the neighborhoods in Bridgeton to survey where residents typically shop.



People like my grandparents do not travel beyond the Northwest burbs to shop. Even St. Louis Mills does not address more common retail and shopping needs.



Suburban Bedroom Community

Our neighborhood has witnessed the death of many original homeowners of the 30-50 year old homes and some turnover to young families. Although, many neighborhoods in Bridgeton and Maryland Heights continue to attract families with children of decently affluent backgrounds (Target over Wal-Mart or college education over community college or Schnucks over Shop N Save), the population as a whole has aged. The neighborhoods in general have not experienced any decline to due continuous construction of new homes of higher value than existing ones. The location is very accessible to highways, the airport, and major job centers (Boeing, Edward Jones, Monsanto, Westport). Pattonville school district remains competitive and desirable to middle class families which helps the area remain stable.



Recommendations

Considerations should be given to the design for ADA and elderly shoppers and their shopping needs as well as the general population.

There also has to be strong marketing towards this population cohort to take away the history of NWP's decline.



Urban Vision

Of course, my original argument and ongoing one is to redevelop the entire site into an urban village complete with a variety in housing, parks, diverse retail, and office. The site already has a number of streetlights for access points for major retail and office blocks letting other streets, smaller streets be filled in with urban scaled residential. New construction with an emphasis on houses priced from $180,000 - $300,000 would greatly address the needs for new families with children looking to locate in Pattonville school as well as providing more modern homes for aging populations and the elderly to better be able to age in.



Also St. Ann needs a new City Hall, police station, and community center providing a great site to develop a real town center.

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PostFeb 13, 2008#119

Looks like nobody wants to mess with this place.


Northwest Plaza mall on the sale block again



Somera Capital Management LLC and Zelman Development Co. are putting Northwest Plaza mall in St. Ann, Mo., up for sale for an undisclosed amount, just 20 months after the partners bought the retail center for $45 million.


http://www.bizjournals.com/stlouis/stor ... 2&ana=e_du

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PostFeb 14, 2008#120

Read the whole thing, it says that the redevelopment will still occur.

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PostFeb 14, 2008#121

SMSPlanstu wrote:Read the whole thing, it says that the redevelopment will still occur.


Then why are the current owners dumping the place?

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PostFeb 14, 2008#122

A Wal-Mart SuperCenter has been approved for that location. It is going where Dillards is currently.

PostFeb 14, 2008#123

Less than two years after its last sale, Northwest Plaza in St. Ann is up for sale again. NW Plaza Owner LLC, a partnership of Santa Barbara, Calif.-based Somera Capital Management and Los Angeles-based Zelman Cos., has put the mall on the market for an undisclosed amount. The partnership acquired the property in June 2006 for $45 million.



The 1.8-million-square-foot mall has seen retailers leave and revenues drop for several years. The city recently approved a $250 million redevelopment plan for the mall, which will include $96 million in public funding. NW Plaza recently signed a big tenant, Wal-mart Supercenter at the 125-acre mall and there are also for up to 450,000 square feet of office space.



Construction on the mall in set to begin in early 2009 with a targeted completion of 2012.



A sale “would not be expected to disrupt the development or otherwise affect the rights and responsibilities provided under the redevelopment agreement,” Somera said in a press release.



As the mall’s fortunes have declined, so has the city’s sale tax base, which fell fto less than $1.5 million in 2006 from about $3.4 million in 2000. The 2007 sales tax figures have not yet available.Before Somera and Zelman, the mall was owned by Australia-based Westfield Group.



City officials were informed that the property would be put on the market last month, said Mayor Tim James, adding that a sale does not affect the city.



“We anticipated Somera selling it, maybe not quite so soon,” James said. “Our attorneys have looked at it and we are fine with it.”



The proposed renovations make the project an attractive investment for the city.

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PostApr 30, 2008#124

My mother is a senior citizen who, until a couple months ago, walked Northwest each morning, beginning before the stores open. She has always shopped there and continues to do so occasionally-- with some hesitation-- only because it's close to her home.

She has, over time, witnessed firsthand the steady decline of foot traffic at the mall and the subsequent closing of store after store. And she is quick to relate the biggest reason why this has happened: A negative change in the general class of people who patronize this mall.

Mom has witnessed rampant shoplifting, gangster-wannabes bullying their way through the mall as if they own it, at least one assault, teens fighting and shouting foul language, and generally discourteous and disruptive behavior. The kind of behavior that causes families, senior citizens-- heck, almost any Average Joe-- think twice about ever again stepping into that particular mall.

She reports that, in recent years, many of the shoppers indeed became fearful of this atmosphere and began patronizing other area malls instead. Too, the number of seniors who once accompanied her for morning "mall walks" dwindled from dozens to maybe two or three on a good day.

The new owners of Northwest are not seeing the real picture. They think that by sprucing up the shopping monolith and adding a few new stores, the mall will somehow begin to magically flourish. But they've failed to address the underlying cause for the mall's current demise.

For Northwest to have even the slightest chance of really succeeding, the owners must put in place a workable plan for security and crowd control. They must market the mall to lure back segments of the population that have abandoned Northwest Plaza. And they will need to convince the general population that the newly-rehabbed mall is a now a safe and secure place to shop, dine, and explore. Without a doubt, these are very big hurdles.

Even if these expectations can be met, there is no guarantee that the mall will ever succeed. Certainly, many former patrons have become satisfied customers elsewhere. At best, it's a difficult challenge to regain the loyalty of customers who have been turned off or scared away.

To be honest, a facelift is just not enough. Under that shiny new exterior still lies the ugly reality.

Perhaps we should simply accept the failure of this location as a mall and consider an alternate use. This is what happened at Northland and at River Roads. The two shopping centers, once thriving and later failing, were eventually reincarnated with new lives....and not only as shopping centers. There are now government offices and a grocery store at the former Northland site. At the former River Roads site, the land was developed into 44 acres of new homes.

I support the ambition that new owners of Northwest have in bringing the old Northwest back to life as a shopping mecca. But I remain very skeptical of the chances of success.

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PostMay 05, 2008#125

quite honestly, it's the ghetto factor. once a mall goes ghetto, or reaches that tipping point it almost always fails. I don't think there's really much that can be done to prevent this or bring a mall back from failure. The Galleria's curfew seems to have worked, thank god. I remember when they banned do-rags at Union Station and everyone protested when Nelly got kicked out for wearing one. I hope all the people who protested at US station still shop there, because no one else is..

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