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Old 11-13-2012, 09:14 PM
 
Location: Cincinnati
577 posts, read 1,003,907 times
Reputation: 250

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The city may buy Tower Place Mall out of foreclosure:

http://news.cincinnati.com/article/2...news%7Ctext%7C

The mall has been in decline for the past several years. Although Tower Place may not work as a traditional mall, I think it can still serve as some sort of shopping center. With the growing number of people moving to downtown I think it could be used more as a shopping center with amenities for those who live downtown. Perhaps a combination of things that are needed like a small grocery store, electronics, dry cleaner, etc.

For a more traditional type mall to succeed you need to have a few stores that attract people. There are certain stores that people will travel miles to go to like Bass Pro Shops, REI, and Jungle Jims. When Jungle Jims moved into Eastgate, the strip malls around there were completely empty and now they are filled with a variety of shops and places to eat. Even though Bass Pro Shops is a store that people will travel to, it could not help save the mega mall of Forest Fair.

A place of amenities, a traditional mall with some attractions, or some sort of entertainment complex. I'm not sure if there is something that could bring it back but it would be nice to see the space put back to good use.
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Old 11-14-2012, 06:19 AM
 
Location: Cincinnati
4,007 posts, read 4,827,124 times
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Downtown malls usually don't do well. Indy is the exception to the rule. They need to redevelop it into something else. There are enough malls in Cincy.
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Old 11-14-2012, 10:51 AM
 
2,492 posts, read 3,652,150 times
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Tear the mall and corresponding parking garage down and build something with height at those locations. Residential is being snapped up literally as fast as it's being built in downtown and OTR - capitalize on that.

With speculation increasing that the Fifth and Race Dunnhumby development will be strictly office, we need to keep the residential momentum moving forward with a large-scale project somewhere else.
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Old 11-14-2012, 11:35 AM
 
Location: Mason, OH
9,259 posts, read 13,358,349 times
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Quote:
Originally Posted by TomJones123 View Post
Downtown malls usually don't do well. Indy is the exception to the rule. They need to redevelop it into something else. There are enough malls in Cincy.
You and I rarely agree on anything. But I have a question here, why is the City of Cincinnati even considering buying this property? This puts them into the commercial real estate market which they have no business being in. Why not let the free market forces determine what happens to this property? I would believe 4th and Race is an attractive enough address many concerns would be interested, perhaps not as a shopping mall. As you said there are enough malls available around town, just drive out I-71 to the Rookwood area which is still building.

I remember 4th and Race very well as the location of the H&S Pogue company, Cincinnati's premiere department store. Across the street was McAlpins, a more cost conscious venue. Around the corner was Mabley & Carew, you might note the Carew may have something in common with Carew Tower. Also in close proximity was Rollmans which was at 5th and Vine. Further north at 7th & Race was the John Shillito company. Even further north was the Alms & Doepke Co on Central Parkway. Just look at that itinerary, one of the strongest department store lineups in the country. I remember spending at least some time in all of them.

But times they do march on. The suburban malls were the death toll for the downtown department store, and now the enclosed ones are the death toll for themselves.

If the superstructure will support it, convert Tower Place Mall into residential living and be done with it. Otherwise tear it down and build a structure which will support it.
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Old 11-14-2012, 12:02 PM
 
Location: Cincinnati
4,007 posts, read 4,827,124 times
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Quote:
Originally Posted by abr7rmj View Post
Tear the mall and corresponding parking garage down and build something with height at those locations. Residential is being snapped up literally as fast as it's being built in downtown and OTR - capitalize on that.

With speculation increasing that the Fifth and Race Dunnhumby development will be strictly office, we need to keep the residential momentum moving forward with a large-scale project somewhere else.
I haven't been following along on the Dunnhumby developments. May I ask where you are tracking up to date info? (I assume U/O)

I totally agree. Residential, or at the very least mixed use with residential. But you are correct. They cannot put in housing fast enough anywhere downtown. As soon as it's on the market it's a rap. Heck, even John Hueber Homes has gotten in on the action over on Race Street, where they are renovating the better part of an entire block.
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Old 11-14-2012, 02:05 PM
 
2,492 posts, read 3,652,150 times
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Quote:
Originally Posted by TomJones123 View Post
I haven't been following along on the Dunnhumby developments. May I ask where you are tracking up to date info? (I assume U/O)

I totally agree. Residential, or at the very least mixed use with residential. But you are correct. They cannot put in housing fast enough anywhere downtown. As soon as it's on the market it's a rap. Heck, even John Hueber Homes has gotten in on the action over on Race Street, where they are renovating the better part of an entire block.
A poster on UO today was at a presentation that the 3CDC chairman Steven Leeper gave downtown at the Masonic building today, where he said residential will not be a part of this development. Neither will a grocery store, unfortunately.

Though I'm not sure that would have been the best location for a grocery anyway.
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Old 11-14-2012, 02:10 PM
 
Location: Cincinnati
4,007 posts, read 4,827,124 times
Reputation: 924
Quote:
Originally Posted by abr7rmj View Post
A poster on UO today was at a presentation that the 3CDC chairman Steven Leeper gave downtown at the Masonic building today, where he said residential will not be a part of this development. Neither will a grocery store, unfortunately.

Though I'm not sure that would have been the best location for a grocery anyway.
I am thinking there are a lot better places for a grocery store. Especially further back into OTR. Eventually, as residents keep moving downtown a grocery store will come.
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Old 11-14-2012, 03:26 PM
 
Location: Chicago(Northside)
3,719 posts, read 5,858,152 times
Reputation: 1642
Wow this is really bad but i never even knew we had a downtown mall.
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Old 11-14-2012, 03:33 PM
 
Location: Cincinnati
4,007 posts, read 4,827,124 times
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Quote:
Originally Posted by cali3448893 View Post
Wow this is really bad but i never even knew we had a downtown mall.
Doesn't sound like you get downtown very much.
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Old 11-14-2012, 03:55 PM
 
Location: Philaburbia
31,152 posts, read 57,274,608 times
Reputation: 52008
Turn it into a casino!

Oh ... wait ...

I'd do some serious damage at Tower Place on my lunch hour, back in the bad old days.

Every new store that went in was supposed to "save" the downtown mall concept. How many of those stores that were once in Tower Place relocated elsewhere downtown? I don't think more than one or two. Would the idea be worth re-looking at now that more and more people are living downtown?

I'm glad I'm not in retail -- what a volatile industry! I thought fundraising was bad.

So I guess the real question is: What does the city think it will do with Tower Place? If it's to survive as a retail location, it needs a destination store -- one not found anywhere else in the city or 'burbs. Hmmm.
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