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Old 01-15-2012, 07:45 AM
 
1,316 posts, read 3,022,882 times
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Everyone is still talking about it!

According to one of the female SSFCU employees she said the rent "got too high." Same thing with Luby's we also heard the rent got too expensive as well.

So, is this a case of greedy companies forcing rent up so high that they end up driving away business?

Is this also the beginning equivalent of a "Windsor Park Mall" death for North Star Mall or will business rebound (assuming that businesses won't mind paying the "higher rent")?
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Old 01-15-2012, 07:47 AM
 
Location: New Braunfels, TX
6,276 posts, read 9,043,381 times
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Sometimes you "fire" customers by raising prices - allows you to get higher prices on your products. Have a feeling that they figure they can get higher rent elsewhere, so they jacked it up.
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Old 01-15-2012, 07:56 AM
 
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I think a credit union and a luby's is probably not the kinda of "upscale" customers North Star wanted, look for another tenant to come in soon.
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Old 01-15-2012, 08:04 AM
 
1,316 posts, read 3,022,882 times
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Quote:
Originally Posted by Willsatx View Post
I think a credit union and a luby's is probably not the kinda of "upscale" customers North Star wanted.
Upscale or not, the higher rent forced them out after years and years of being longtime residents there.

Quote:
Originally Posted by Willsatx View Post
Look for another tenant to come in soon.
I sure hope you're right.
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Old 01-15-2012, 08:30 AM
 
Location: Mid South Central TX
3,183 posts, read 7,440,198 times
Reputation: 2189
The jewelry store next to Luby's (Lee Michaels) is moving to another spot in the mall, which means that most likely, the mall has struck a deal for the Luby's/Lee Michaels combined spot....

The SSFCU has actually moved locations across to Park North...but I'm sure the rent had something to do with it...
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Old 01-15-2012, 10:49 AM
 
Location: San Antonio
3,751 posts, read 3,874,024 times
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Quote:
Originally Posted by pobre View Post
The jewelry store next to Luby's (Lee Michaels) is moving to another spot in the mall, which means that most likely, the mall has struck a deal for the Luby's/Lee Michaels combined spot....

The SSFCU has actually moved locations across to Park North...but I'm sure the rent had something to do with it...
Seems like rent came into consideration but I think easier access for it customers might have also been a factor.
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Old 01-15-2012, 10:54 AM
 
Location: North Central S.A.
1,221 posts, read 2,325,758 times
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IMO...North Star Mall is beginning to loose it's "upscale" image. Silly little Asian trinket stores, low end shoe stores, it's starting to look junky to me. It still pulls in the business, I don't think it will decline like Windsor.
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Old 01-15-2012, 11:42 AM
 
Location: Austin, TX
1,574 posts, read 2,532,193 times
Reputation: 1886
La Cantera stole a lot of North Star's thunder in the upscale department
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Old 01-15-2012, 11:50 AM
 
89 posts, read 125,772 times
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its what happend to Crossroads mall. i still dont get it
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Old 01-15-2012, 11:57 AM
 
Location: TX
3,931 posts, read 4,705,308 times
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I prefer The Rim over La Cantera. La Cantera requires so much investment of time I rarely go. I just about always get lost and have trouble finding what I'm looking for there. It reminds me of a giant souk in N. Africa. The souk is okay if you're with someone who knows exactly how to get around, but if you don't...well, good luck!
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