Could Crabtree Die? (Raleigh, Apex: lease, tenant, theater)
Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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All huge brick and mortar stores will eventually die off.
Nope. I mean, every one will, but they will still exist, even if only as a showroom for online sales.
People want to see and feel their stuff.
Is the department store model in decline? Yes, probably so. But I can't see my wife, my mom (or Dad really, he almost likes it more) ever not enjoying the process of shopping.
what would be the appeal of a mall in that case? Why wouldn't it be better to have individual stores spread out all over town?
If Crabtree does die, that might not be a bad thing as the City/NCDOT could avoid having to spend millions to fix traffic in that area and the often flooded property could be converted to park space.
Last edited by pierretong1991; 10-27-2017 at 10:24 AM..
I didn't say that "everyone" was staying away. I said that is a reason that people DO stay away. And that's true. A lot of people do stay away because of the traffic patterns and congestion, not just on Glenwood, but on property as well. That front lot is a mess. And now they've made it so that the right side of the front lot is one way only, so you have to be funneled down into the garage. It's confusing if you aren't familiar with the garage.
Compared to the old way when you couldn’t even get to the rest of the deck if you went over there? I’d say it’s an improvement.
I was a little concerned about many of the store closings inside Crabtree Valley mall, but they've opened up a couple of new remodeled spaces. It seems like they are investing to make sure it stays a premium mall, at least for Raleigh. Not as nice and new as Southpoint.
Famously, "Nobody goes there anymore, it's too crowded."
I don't think it's too crowded. I think it's poorly designed, causing a number of ridiculous chokepoints. Personally, I would prefer to shop someplace where I can get around with a relative amount of ease. Crabtree ain't it.
If you ask me, Eddie Lampert is killing Sears more than anything else (including Amazon).
...and making a lot of $$$ doing it. It's blatantly obvious that he's only interested in making money from the real estate. Kmart was doomed the moment Eddie sank his claws into it and then merging with Sears and spreading his poison to them. The guy is a retail moron. At least JC Penney had the sense to give Ron Johnson the boot.
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