Seems as though the newest tenant for the struggling Tower Place mall is "A Dollar." This flies in the face of all the progress that Downtown has made in the past few years. Tower Place is such a desireable location, but the fact remains that indoor malls in the urban core dead. Downtown shopping should take the form of storefront stores with upscale brands and independent boutiques alike (think Chicago's "Magnificent Mile").
To maximize that space, ownership needs to step outside the box. Either focus on large-scale entertainment, such as a movie theater or a Lucky Strike - type "eatertainment "concept. I sympathize with ownership. They have to pay the bills. But it's too bad. I firmly believe the highest and best use of that facility is not an indoor shopping mall.
Thursday, October 16, 2008
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4 comments:
Hmm, sort of reminds you of City Center in Columbus.. That is the busiest store last time I was in the mall would not be surprised if it is the only one still left there.. Hopefully Tower Place does some changes it would be a shame to see Macy's and the other good retailers leave and downtown Cincy fail.. Hope they figure out something soon!
Maybe they could squeeze a wal mart in there with all of the available space from leaving tenants....
What a shame.
This is sad to see. From watching development in the city core for a year now I have to think this is an example of rough times before things start to change for the better. Poor residents currently surround the area and until tourist and residents can support this... no big names will sign a lease in downtown.
cooltownstudios.com says that the most vibrant cities have way more restaurants than retail downtown and thats the way Cincinnati is right now. Who's going to come downtown to shop when they can hit Kenwood? That said downtown really needs retail outlets like H&M, places that don't exist in every mall. We missed that one, but I'm sure theres more out there.
By the way, cooltownstudios.com also says that small movie theaters raise surrounding property values by 30% I don't think I'd like one in Tower Place, but there has to be room somewhere downtown for one.
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