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Target Downtown STL

Target Downtown STL

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PostAug 22, 2021#1

So with the probability of a Target in Midtown I started talking to a few people on here and Twitter and decided to create this thread to see how many people are interested in the conversation of trying bringing one of those small inner cities targets to Downtown Saint Louis.

I recently went to one by my pops in Logan Square in Chicago and I know DT has the population and the traffic for one of these.

Depending on the interest of this thread we can get together and write corporate in Minneapolis that a lot of us are interested in one of these.

Downtown STL needs this ASAP with the new residential and hotel developments happening right now. Its a win win for residents and tourists alike!! Lets make happen!!


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PostAug 22, 2021#2

Railway Exchange Building would be the best place for a Target downtown. The first floor is already set up for a department store and you have the parking garage across the street.

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PostAug 22, 2021#3

chriss752 wrote:Railway Exchange Building would be the best place for a Target downtown. The first floor is already set up for a department store and you have the parking garage across the street.
Amen!!! And if its already ready even easier for the Minneapolis giant!!


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PostAug 22, 2021#4

JJ Rivera wrote:
Aug 22, 2021
chriss752 wrote:Railway Exchange Building would be the best place for a Target downtown. The first floor is already set up for a department store and you have the parking garage across the street.
Amen!!! And if its already ready even easier for the Minneapolis giant!!
Plus, Target likes former downtown department store buildings, as discussed last year in the Railway Exchange thread.  

Amazon is also in the early stages of some sort of discount department/C-store concept.  It's not clear yet what size they will be or whether they would pursue high-density urban locations, but I assume they will go wherever their competition is...

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PostAug 22, 2021#5

urbanitas wrote:
JJ Rivera wrote:
Aug 22, 2021
chriss752 wrote:Railway Exchange Building would be the best place for a Target downtown. The first floor is already set up for a department store and you have the parking garage across the street.
Amen!!! And if its already ready even easier for the Minneapolis giant!!
Plus, Target likes former downtown department store buildings, as discussed last year in the Railway Exchange thread.  



Amazon is also in the early stages of some sort of discount department store concept.  It's not clear yet what size they will be or whether they would pursue high-density urban locations, but I assume they will go wherever their competition is...
Any business similar to that concept will be welcome!! But we need to make it happen!


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PostAug 22, 2021#6

JJ Rivera wrote:
Aug 22, 2021
urbanitas wrote:
JJ Rivera wrote:
Aug 22, 2021
Amen!!! And if its already ready even easier for the Minneapolis giant!!
Plus, Target likes former downtown department store buildings, as discussed last year in the Railway Exchange thread.  



Amazon is also in the early stages of some sort of discount department store concept.  It's not clear yet what size they will be or whether they would pursue high-density urban locations, but I assume they will go wherever their competition is...
Any business similar to that concept will be welcome!! But we need to make it happen!
Either is going to require massive local incentives.  That's not going to happen with the current Powers That Be, but you can start laying the groundwork for April 2025...

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PostAug 22, 2021#7

urbanitas wrote:
JJ Rivera wrote:
Aug 22, 2021
urbanitas wrote: Plus, Target likes former downtown department store buildings, as discussed last year in the Railway Exchange thread.  



Amazon is also in the early stages of some sort of discount department store concept.  It's not clear yet what size they will be or whether they would pursue high-density urban locations, but I assume they will go wherever their competition is...
Any business similar to that concept will be welcome!! But we need to make it happen!
Either is going to require massive local incentives.  That's not going to happen with the current Powers That Be, but you can start laying the groundwork for April 2025...
Current powers?


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PostAug 22, 2021#8

JJ Rivera wrote:
Aug 22, 2021
urbanitas wrote: Either is going to require massive local incentives.  That's not going to happen with the current Powers That Be, but you can start laying the groundwork for April 2025...
Current powers?
The current combo of Mayor, Comptroller, and Board of Alderperps.

PostSep 15, 2021#9

I guess this could go in a couple different threads, but this is a rather in depth look, and slideshow, of Target's ever-changing retail strategy:

SN Retailer of the Year: Target's On a Run

Slideshow

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PostSep 16, 2021#10

Within one mile of the Logan Square location there are 75,000 people with an average income of $100,000. When you stretch that to 3 miles its 200,000 people. Within one mile of the Railway Exchange building there are 11,000 people with average income of $70,000, at 3-miles it gets up to 74,000 people.  Those are massive differences to a retailer like Target. Grand/Chouteau is about the same - 1-mile pop. 14,000 / $66,000 avg income.

I don't have any specific insight into Target's long term plans for their city concept since it seems to change every few years, but I'd make the assumption that downtown St. Louis is way down on their priority list. The only things that might strengthen the case are that the Hampton Village Target is the second most heavily trafficked in the metro area behind only Brentwood Promenade and that IKEA does fairly well in Midtown.

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PostSep 16, 2021#11

chriss752 wrote:
Aug 22, 2021
Railway Exchange Building would be the best place for a Target downtown. The first floor is already set up for a department store and you have the parking garage across the street.
I don't think that parking garage is long for this world:
The best chance for the unsecured creditors to be paid is if the project is successful, Sosne argued in the filing, because there is no income being generated by the building and parking garage. Meanwhile, it costs some $75,000 a month just to pay taxes, insurance and other property costs, and the parking garage needs to be demolished, the filing claims.
https://www.stltoday.com/news/local/met ... e7575.html

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PostSep 16, 2021#12

Talking about demolishing a parking garage and yet we are supposed to be concerned about the fortunes of operators of surface lots downtown. Lordy.

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PostSep 16, 2021#13

jbacott wrote:
Sep 16, 2021
Within one mile of the Logan Square location there are 75,000 people with an average income of $100,000. When you stretch that to 3 miles its 200,000 people. Within one mile of the Railway Exchange building there are 11,000 people with average income of $70,000, at 3-miles it gets up to 74,000 people.  Those are massive differences to a retailer like Target. Grand/Chouteau is about the same - 1-mile pop. 14,000 / $66,000 avg income.
Any insight into how population and income in and around downtown STL compare to downtown Pittsburgh?

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PostSep 16, 2021#14

I think I'd rank a downtown Target right up there with Drury's Laclede's Landing tower at the top of the list of projects that are often talked about here but will probably never happen (at least not for a long time).

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PostSep 16, 2021#15

Pitt is only nominally higher at 15,000, but daytime population is at 104,000 which is about double STL at least based on the numbers I'm looking at

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PostSep 16, 2021#16

jbacott wrote:Within one mile of the Logan Square location there are 75,000 people with an average income of $100,000. When you stretch that to 3 miles its 200,000 people. Within one mile of the Railway Exchange building there are 11,000 people with average income of $70,000, at 3-miles it gets up to 74,000 people.  Those are massive differences to a retailer like Target. Grand/Chouteau is about the same - 1-mile pop. 14,000 / $66,000 avg income.

I don't have any specific insight into Target's long term plans for their city concept since it seems to change every few years, but I'd make the assumption that downtown St. Louis is way down on their priority list. The only things that might strengthen the case are that the Hampton Village Target is the second most heavily trafficked in the metro area behind only Brentwood Promenade and that IKEA does fairly well in Midtown.
There’s also 3 more Regular Targets nearby! So I think a community Target like the one in Logan Square is feasible.


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PostSep 16, 2021#17

debaliviere wrote:
Sep 16, 2021
I think I'd rank a downtown Target right up there with Drury's Laclede's Landing tower at the top of the list of projects that are often talked about here but will probably never happen (at least not for a long time).
Maybe that's the holdup - Target wants to be downtown but only if they can take the ground floor of Drury's Laclede's Landing tower. Or at least take a big space in the Bottle District...

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PostSep 16, 2021#18

Or in the base of the 1000’ McGowan Walsh Tower.

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PostSep 16, 2021#19

No, no, that's the space Trader Joe's is waiting for.

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PostSep 16, 2021#20

jbacott wrote:
Sep 16, 2021
Within one mile of the Logan Square location there are 75,000 people with an average income of $100,000. When you stretch that to 3 miles its 200,000 people. Within one mile of the Railway Exchange building there are 11,000 people with average income of $70,000, at 3-miles it gets up to 74,000 people.  Those are massive differences to a retailer like Target. Grand/Chouteau is about the same - 1-mile pop. 14,000 / $66,000 avg income.

I don't have any specific insight into Target's long term plans for their city concept since it seems to change every few years, but I'd make the assumption that downtown St. Louis is way down on their priority list. The only things that might strengthen the case are that the Hampton Village Target is the second most heavily trafficked in the metro area behind only Brentwood Promenade and that IKEA does fairly well in Midtown.
The short response:

Circles, or um...Targets, on maps, ranked by income and population density, are outdated, and do an increasingly lousy job of capturing what modern retailers desire, particularly one such as Target.