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Old 01-24-2014, 03:51 PM
 
Location: back in Philadelphia!
3,264 posts, read 5,655,636 times
Reputation: 2146

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Quote:
Originally Posted by cpomp View Post
I agree with what your saying..however the difference between SoHo and here is that SoHo is filled with people who have a lot of money.

Retailers choose KoP and will probably continue to do so because KoP can support having that kind of caliber of retail.

Its great to see Philadelphia on the upswing, but an image of SoHo is probably a decade away.
Oh I definitely wasn't trying to suggest that Walnut Street would be like SoHo, even in a decade, or that it even should be. It won't. (Although it's worth noting that not all of Soho is fancy shopping. Broadway is mostly budget retailers.) It was just an easy example.

I was just saying that if it is to be a place where more major retailers choose to locate in the region instead of KoP, there are some physical things that need to happen to make Center City more competitive. Retailers simply need a certain amount of floor space to turn the types of profits that make relocation worthwhile. Retailers who are looking to open in the Philly area, and would probably prefer to locate in the city, often don't only because they can't find appropriate, easily convertable spaces.
But these particular developers have seen the potential, and have been doing the right things on Walnut Street to help it get there.
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Old 02-10-2014, 08:30 AM
 
Location: Center City
7,529 posts, read 10,266,897 times
Reputation: 11023
Default A couple of interesting articles in today's Inky regarding the Gallery

Kmart closing: Gallery Kmart begins its long goodbye
Speculation on Gallery's future: The Gallery mall is ripe for rebirth

It will certainly be interesting to see which direction PREIT goes. It seems they are interested in going upscale if they can entice the right retailers to set up shop there (i.e., Bloomingdales and their caliber).
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Old 02-10-2014, 08:54 AM
 
Location: back in Philadelphia!
3,264 posts, read 5,655,636 times
Reputation: 2146
Quote:
Originally Posted by jm02 View Post
Kmart closing: Gallery Kmart begins its long goodbye
Speculation on Gallery's future: The Gallery mall is ripe for rebirth

It will certainly be interesting to see which direction PREIT goes. It seems they are interested in going upscale if they can entice the right retailers to set up shop there (i.e., Bloomingdales and their caliber).
Given nationwide trends in retail, I think it may be more likely that we see it go high-end than anything else. That's the only retail sector doing well right now.

No comment on whether or not this is actually a good thing.

Retailers: high-end doing well, low-end cautious

Why Walmart is getting too expensive for the middle class | The Exchange - Yahoo Finance
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Old 02-10-2014, 10:17 AM
 
Location: Center City
7,529 posts, read 10,266,897 times
Reputation: 11023
Quote:
Originally Posted by rotodome View Post
Given nationwide trends in retail, I think it may be more likely that we see it go high-end than anything else. That's the only retail sector doing well right now.

No comment on whether or not this is actually a good thing.

Retailers: high-end doing well, low-end cautious

Why Walmart is getting too expensive for the middle class | The Exchange - Yahoo Finance
In terms of prestige for the city, high-end would be a win. That said, I don't see myself spending a lot of money at a Bloomies or Nordstrom on a routine basis. Instead, I would love to see some mid-range retailers such as Target, Crate & Barrel, Container Store and Pottery Barn set up shop there. I think those retailers would also be a better fit for those moving to the gentrifying neighborhoods to the north.

Time will tell. It will be very interesting to see how things unfold in the coming months.
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Old 02-10-2014, 01:17 PM
 
Location: New York City
9,381 posts, read 9,349,798 times
Reputation: 6515
Quote:
Originally Posted by jm02 View Post
In terms of prestige for the city, high-end would be a win. That said, I don't see myself spending a lot of money at a Bloomies or Nordstrom on a routine basis. Instead, I would love to see some mid-range retailers such as Target, Crate & Barrel, Container Store and Pottery Barn set up shop there. I think those retailers would also be a better fit for those moving to the gentrifying neighborhoods to the north.

Time will tell. It will be very interesting to see how things unfold in the coming months.
Bloomingdales would be do best along south Broad near the Kimmel Center and near where Dranoff is building another luxury condo high rise. Close to Rittenhouse and a busy street with more prestige. I would find it very unlikely for Bloomingdales to consider a spot in the Gallery, if they were hesitant about Cherry Hill Mall, which they lost to Nordstrom. Time will tell.
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Old 02-10-2014, 06:54 PM
FBJ
 
Location: Tall Building down by the river
39,605 posts, read 59,042,276 times
Reputation: 9451
still sad that K-Mart is leaving, damm
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Old 02-10-2014, 07:24 PM
 
Location: Bella Vista
2,471 posts, read 4,020,976 times
Reputation: 2212
Quote:
Originally Posted by dabottom View Post
still sad that K-Mart is leaving, damm
You might be the only person who holds this opinion
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Old 02-10-2014, 07:36 PM
FBJ
 
Location: Tall Building down by the river
39,605 posts, read 59,042,276 times
Reputation: 9451
Quote:
Originally Posted by phillies2011 View Post
You might be the only person who holds this opinion

It was my place to go to for bathroom items, underwear, and bedroom items. I can't believe it's over
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Old 02-10-2014, 08:04 PM
 
Location: NYC based - Used to Live in Philly - Transplant from Miami
2,307 posts, read 2,769,524 times
Reputation: 2610
Quote:
Originally Posted by dabottom View Post
It was my place to go to for bathroom items, underwear, and bedroom items. I can't believe it's over
i agree. i am dissappointed Kmart is gone. It is very easy for me to walk there to get some cheap toiletries and containers within 7 minutes walking from my apartment.
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Old 02-10-2014, 08:26 PM
FBJ
 
Location: Tall Building down by the river
39,605 posts, read 59,042,276 times
Reputation: 9451
Quote:
Originally Posted by asiandudeyo View Post
i agree. i am dissappointed Kmart is gone. It is very easy for me to walk there to get some cheap toiletries and containers within 7 minutes walking from my apartment.

I been going there since 2000
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