What's wrong with Millpond Shopping Center? (Lexington: neighborhood, median income, live)

[censusdata]

Anyone else noticed that Millpond Center is nearly HALF empty these days? All thats left now is a Chinese Restaurant, Subway, Vet Clinic, and the two anchor stores.

I couldn't ever imagine such a nice shopping center in an area with a median income of $60,000+ doing so bad... this is really a sign of the times

[InLondon]

Originally Posted by censusdata

Anyone else noticed that Millpond Center is nearly HALF empty these days? All thats left now is a Chinese Restaurant, Subway, Vet Clinic, and the two anchor stores.

I couldn't ever imagine such a nice shopping center in an area with a median income of $60,000+ doing so bad... this is really a sign of the times

I'm thinking it's because there's several other much better shopping centers on the southside of Lexington. Millpond is just a small neighborhood center, which usually only has small stores.

[TheCaptain]

I don't think it has anything to do with Lexington, but rather a sign of the economy.

When I first moved here, I kept passing the big block that has the Victorian Shoppes (on N. Broadway). I couldn't wait to go in there and check them out, but when I did, they just seemed so...empty.

I moved here from Tampa, and the shopping plazas were the same there. Many of the stores that settled into new plazas only six months ago have either changed hands, or are gone all together.

[InLondon]

Originally Posted by TheCaptain

I don't think it has anything to do with Lexington, but rather a sign of the economy.

The economy is not that bad, especially not in Lexington.

[LEXpert]

I think it has more to do with all the new stuff that is just down the road by the mall. You can get anything you want 3 minutes away. People like to go to new or updated shopping centers, Millpond is neither. The place will survive as long as Kroger is there.

[bluegrassgirl]

I think it's a combination of factors. Millpond is very "neighborish"... it's not going to attract people from other areas. It's strictly a neighborhood shopping center. With the economy like it is, everything is suffering somewhat. I don't shop like I did a year ago or more. Then when you look around at Fayette Mall, Brannon Crossing, etc., there's TONS of shopping going up all around the south side. Lots of options.

I agree with Lexpert - as long as Kroger anchors the place, it will be around. Plus the additions across the street may keep more people in that area. I'd hate to loose my Kroger!!!!!

[Wing Feathers]

Originally Posted by TheCaptain

a sign of the economy.

Not true.

I live a block from Millpond & rarely go there. Instead I find myself at Fayette Mall, WalMart and Lexington Green.

It has nothing to do with the economy (despite the liberal's spin) and more to do with being too large for the neighborhood & not enough unique shops.