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Don't quote me on this, but someone in the know said that Tom Ford, Carolina Herrera, Dior, Vera Wang, DVF, D&G, and Celine are also opening too.
I mean these are stores that are putting a lot of faith in Atlanta and the Southeast. I just don't know if this is going to workout the way they want. It's too much too fast IMHO. But what do I know.
^^^^That may be suburban, but I'd call it a shopping district. Buckhead has 2 upscale malls, now this, and little antiques and boutiquey shopping areas. It may not be on a wide avenue like Michigan in Chicago or Fifth or Madison in NYC, or in a confined urban district like SoHo in NYC or Union Square in San Francisco, but it's a district nonetheless, probably ~1-2 square miles.
Buckhead as a single submarket (for office, residential, hotels, and retail) can be compared to River Oaks/Uptown in Houston and to the Golden Triangle/Melrose/Robertson in LA, and all can be compared to urban districts in this country.
It's hard to quantify upscale, though by rents (which usually equates to demand), the most expensive areas are:
Fifth Ave
Madison Ave
Broadway (NYC) (not upscale, though)
Rodeo Dr
Union Square (SF)
Michigan Ave
SoHo/Chelsea
everyone else
A few rents in Buckhead, for instance, can top $100. However, rents on Newbury in Boston, in Georgetown in DC, and in Miami Beach, frequently top $200. Even rents in Seattle and Philadelphia are approaching $200.
In terms of square footage and offerings, a place like Buckhead has a ton of shopping. Union Square in SF has 3.6 million SF. However, Buckhead easily approaches that between Lenox Square (anchored by Bloomie's, Neiman Marcus, Macy's), Phipps Plaza (anchored by Nordstrom, Saks, Belk), Buckhead Atlanta, and everything in between (little "urban" strip centers with low end and box type shops/anchors and little village shopping areas with local boutiques and antique stores). Buckhead really is kind of a one stop shop, as opposed to Dallas, which has better shopping overall, but much more spread out.
NYC, Chicago, and SF have the largest department stores, and original department stores not yet bought out. NYC, LA, SF, and Chicago carry the vast bulk of flagships for American and international retailers, and NYC, LA, and SF are probably the most frequent entry markets for international retailers looking for an American presence. Miami Beach and now the Design District are seen as outposts where retailers must have a presence, along with Las Vegas. Boston's Back Bay has what Buckhead has, but in a more urban old-school format.
Too many subjective variables, but I think I'd question any list that didn't have Upper Eastside NYC at the top followed by Golden Triangle LA, Union Square SF, and Magnificent Mile Chicago rounding out the top 4.
^^^^That may be suburban, but I'd call it a shopping district. Buckhead has 2 upscale malls, now this, and little antiques and boutiquey shopping areas. It may not be on a wide avenue like Michigan in Chicago or Fifth or Madison in NYC, or in a confined urban district like SoHo in NYC or Union Square in San Francisco, but it's a district nonetheless, probably ~1-2 square miles.
The equivalents to Buckhead are the suburban edge cities. So Paramus, NJ, Tysons Corner, VA, Costa Mesa, CA, King of Prussia, VA, Aventura, FL, Troy, MI and the like.
Buckhead isn't really comparable to an urban neighborhood, at all. It's malls and office parks, and basically no pedestrians. Buckhead is mostly just woodsy lots with big homes, like any rich suburb.
Looks like River Oaks is about to revolutionize Houston's retail scene. Hermes will relocate into a 10,000 square feet store, roughly the same size as their Beverly Hills and Miami flagships. Dior, Cartier, and Tom Ford will also be opening a large boutiques.
But River Oaks is like Buckhead. More suburban shopping, not urban neighborhoods.
I thought this thread was comparing walkable downtown districts, not comparing shopping centers and suburban malls.
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