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Old 10-07-2012, 07:36 AM
 
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I was hoping they would start a tear down plan of the mall and start building a mixed use project that would make Buckhead more urban. I don't think Simons knows how to do that though. This just seems like a waste of money that could be put towards better use of where the country is going, especially when indoor malls are a dying breed.
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Old 10-07-2012, 07:59 AM
 
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Quote:
Originally Posted by readyset View Post
I was hoping they would start a tear down plan of the mall and start building a mixed use project that would make Buckhead more urban. I don't think Simons knows how to do that though. This just seems like a waste of money that could be put towards better use of where the country is going, especially when indoor malls are a dying breed.
What the hell are you talking about?

Tear down a very successful mall and start over? Yeah, that makes sense...
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Old 10-07-2012, 09:32 AM
 
Location: ATL
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They feeling the heat from BA and PCM
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Old 10-07-2012, 11:13 AM
 
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Originally Posted by readyset View Post
I was hoping they would start a tear down plan of the mall and start building a mixed use project that would make Buckhead more urban. I don't think Simons knows how to do that though.
What about the mixed used project on other side of the mall, with the office tower, hotel, parking deck and mall expansion?

They're also approved for two more condo towers on the GA 400 side.

I'm sure the Peachtree frontage will be redeveloped but the economy has been well, pretty bad, for the last five years.
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Old 10-09-2012, 11:10 AM
 
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Originally Posted by gtcorndog View Post
What the hell are you talking about?

Tear down a very successful mall and start over? Yeah, that makes sense...
Maybe it's not as successful as you think. From what I've read it's not. Think about it... why pour money into an update if it's so successful? From what Ive read Simons has had to give incentives to some retailers in order for them to stay at the mall. Some of them are shopping around for an area that resembles an urban experience including Buckhead Atlanta just a about a mile south. Those with a greater disposable income, 25-34 age range with no kids prefer living in an urban area and retailers are following them there.
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Old 10-09-2012, 11:13 AM
 
369 posts, read 534,510 times
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Originally Posted by arjay57 View Post
What about the mixed used project on other side of the mall, with the office tower, hotel, parking deck and mall expansion?

They're also approved for two more condo towers on the GA 400 side.

I'm sure the Peachtree frontage will be redeveloped but the economy has been well, pretty bad, for the last five years.
That's part of the problem, it's also has huge setbacks and not up to the street(not mall road but Lenox rd) and has no ground floor retail. It just looks like a suburban office park, mall offices and hotel like tysons corner, va.
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Old 10-09-2012, 11:59 AM
 
2,407 posts, read 2,619,975 times
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Originally Posted by readyset View Post
Maybe it's not as successful as you think. From what I've read it's not. Think about it... why pour money into an update if it's so successful? From what Ive read Simons has had to give incentives to some retailers in order for them to stay at the mall. Some of them are shopping around for an area that resembles an urban experience including Buckhead Atlanta just a about a mile south. Those with a greater disposable income, 25-34 age range with no kids prefer living in an urban area and retailers are following them there.
Something tells me you didn't read the article.
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Old 10-09-2012, 12:16 PM
 
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That's part of the problem, it's also has huge setbacks and not up to the street(not mall road but Lenox rd) and has no ground floor retail.
That mid-80s design is definitely showing its age. They ought to retrofit for a better street presence. That would be very cool!
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Old 10-09-2012, 06:12 PM
 
4,570 posts, read 6,398,012 times
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Originally Posted by readyset View Post
Maybe it's not as successful as you think. From what I've read it's not. Think about it... why pour money into an update if it's so successful? From what Ive read Simons has had to give incentives to some retailers in order for them to stay at the mall. Some of them are shopping around for an area that resembles an urban experience including Buckhead Atlanta just a about a mile south. Those with a greater disposable income, 25-34 age range with no kids prefer living in an urban area and retailers are following them there.
Huh?

99% of the tenants wouldn't be at Lenox if it wasn't the successful beat that it is. I don't think I've ever seen a failing mall that possessed luxury boutiques such as Prada, Ermenegildo Zegna, and Fendi, let alone anchored by a Bloomingdales and a Neiman Marcus. Many companies have some of their largest stores at Lenox including Louis Vuitton, Pottery Barn, and Forever 21. In fact, Lenox brought in $700 per square foot, well above the average $300 per square foot (these figures were from 2010. I'm sure the number has only increased since then).

If a mall wants to continue to experience commercial success and attract new stores, it has to update. This is basic stuff.
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Old 10-28-2012, 01:10 PM
 
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Anthropologie at Lenox eyes $500,000 facelift - Atlanta Business Chronicle
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