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-   -   {SA} Old Joske's building sold, downtown Dillard's to close... Great news inside! (http://forum.skyscraperpage.com/showthread.php?t=152309)

sirkingwilliam Jun 5, 2008 7:41 PM

{SA} Old Joske's building sold, downtown Dillard's to close... Great news inside!
 
The Dillard's in the Old Joske's is closing but for a good reason!




Quote:

Old Joske's building sold, downtown Dillard's to close

Web Posted: 06/05/2008 01:53 PM CDT

By Express-News Staff

New York-based Ashkenazy Acquisition Corp., the owner of Rivercenter Mall since 2005, said today that it has purchased the historic Joske's building from Dillard's Inc. and plans to revitalize the landmark property.

Ashkenazy will begin redevelopment work this summer that includes converting the 500,000-square-foot building into a high-end restaurant called Fogo de Chao and adding new retail to the property.

"Negotiations between Dillard’s and (Ashkenazy) for the acquisition began in early 2007 and were critical to our redevelopment plans” said Barry Lustig, senior vice president of leasing for Ashkenazy.

Dillard's will remain open until mid-August and the company will work to relocate Rivercenter workers to other Dillard's locations in the city, a Dillard's spokeswoman said.

The acquisition is part of a three-phase development plan for the mall that began three years ago, Ashkenazy said in a statement. One of the phases (II) being the high rise luxury hotel.

The final phase of the redevelopment plan will include updates to the existing mall interior to complement the work done in the Joske’s building.
This is great news as this gives Ashkenazy much more room to play with in the redevelopment of Rivercenter Mall.

KeepSanAntonioLame Jun 5, 2008 7:54 PM

The "highrise luxury hotel" is the ritz, right?

alexjon Jun 5, 2008 7:56 PM

They need to get rid of that nasty awning

sirkingwilliam Jun 5, 2008 7:59 PM

Quote:

Originally Posted by KeepSanAntonioLame (Post 3595294)
The "highrise luxury hotel" is the ritz, right?

When it was first announced, Ashkenazy was saying they wanted either Four Seasons or Ritz.

But since then Eilan was announced on the far north side and I know Ritz and Four Seasons are both trying to land the Hotel there.

So who knows what's happening now. But I do know Ashkenavy is going to go very high end and upscale at Rivercenter Mall. This purchase of Dillard's and the abandoned space above it is just one more sign of that.

KeepSanAntonioLame Jun 5, 2008 8:05 PM

If it was a Ritz downtown at the river center, that would be, well, ritzy. :)

alexjon Jun 5, 2008 8:07 PM

I'd want an Ace Hotel

sirkingwilliam Jun 5, 2008 8:12 PM

Quote:

Originally Posted by alexjon (Post 3595323)
I'd want an Ace Hotel

Seriously?

http://upload.wikimedia.org/wikipedi...otel_small.jpg

alexjon Jun 5, 2008 8:16 PM

Quote:

Originally Posted by sirkingwilliam (Post 3595332)

Yep!

They're so nice inside. The lobby in the Portland Ace is really amazing. They used an old door for a table and threw in a nice (not-so-)cheap coffee shop in there. $8 latte + gigantic table and talking to strangers? Perfect.

sirkingwilliam Jun 5, 2008 8:19 PM

Quote:

Originally Posted by alexjon (Post 3595339)
Yep!

They're so nice inside. The lobby in the Portland Ace is really amazing. They used an old door for a table and threw in a nice (not-so-)cheap coffee shop in there. $8 latte + gigantic table and talking to strangers? Perfect.

No, I mean, they seem to be small. It's a small boutique hotel, that wouldn't fit with Ashkenazy's plans for a high rise.

KeepSanAntonioLame Jun 5, 2008 8:22 PM

Yes, but think about the cool sign!

alexjon Jun 5, 2008 8:22 PM

Quote:

Originally Posted by sirkingwilliam (Post 3595347)
No, I mean, they seem to be small. It's a small boutique hotel, that wouldn't fit with Ashkenazy's plans for a high rise with residential units.

From the sounds of it, they may be wanting to go the boutique route with everything in the redevel. I think the Ace brand lends itself to a high rise hotel/resi mix perfectly, especially given the concept lobby in Portland's success

sirkingwilliam Jun 5, 2008 8:28 PM

Actually I was thinking of something else when I wrote hotel/residential.

An Ace could work but I think as a renovation of a building downtown, Houston Street being the best spot.

sirkingwilliam Jun 5, 2008 8:30 PM

Quote:

Originally Posted by KeepSanAntonioLame (Post 3595356)
Yes, but think about the cool sign!

:tup:

sakyle04 Jun 5, 2008 8:33 PM

Quote:

Originally Posted by alexjon (Post 3595323)
I'd want an Ace Hotel

that would be incredible!!!

i stayed in one of the four suites at the seattle ace on my honeymoon a few years ago. it was awesome. :slob:

the beauty of the ace is that you only need room for 20-50 rooms. more than that would kill the charm anyway. so, stick your fogo de chao and high end retail in on the ground floor and give the ace the upper floors.

alexjon Jun 5, 2008 8:34 PM

Quote:

Originally Posted by sirkingwilliam (Post 3595364)
Actually I was thinking of something else when I wrote hotel/residential.

An Ace could work but I think as a renovation of a building downtown, Houston Street being the best spot.

Ace's competitor, the W, is going there isn't it?

sakyle04 Jun 5, 2008 8:34 PM

:previous:

ok so it won't be an ace...but i had to take a minute to dream.

either way, great news that the project is moving forward. progress is progress. i cannot wait for phase two.

KeepSanAntonioLame Jun 5, 2008 8:36 PM

Quote:

Originally Posted by alexjon (Post 3595384)
Ace's competitor, the W, is going there isn't it?

I thought a W in SA was one of those wishful rumors.

sirkingwilliam Jun 5, 2008 8:37 PM

Quote:

Originally Posted by alexjon (Post 3595384)
Ace's competitor, the W, is going there isn't it?

There's room for everyone!

Aloft is going in almost across the street from the W proposed site.

Indigo is going on Houston.

An Embassy Suites is going up on Houston Street.

Element (hotel) as well.

Houston Street is shaping up nicely.

alexjon Jun 5, 2008 8:38 PM

Quote:

Originally Posted by sakyle04 (Post 3595380)
that would be incredible!!!

i stayed in one of the four suites at the seattle ace on my honeymoon a few years ago. it was awesome. :slob:

the beauty of the ace is that you only need room for 20-50 rooms. more than that would kill the charm anyway. so, stick your fogo de chao and high end retail in on the ground floor and give the ace the upper floors.

The one in Portland has so much emphasis on art in each of the rooms-- it floors me how flat-out awesome the rooms are without being over-the-top.

sirkingwilliam Jun 5, 2008 8:40 PM

Quote:

Originally Posted by KeepSanAntonioLame (Post 3595389)
I thought a W in SA was one of those wishful rumors.

Not really. Andres Andujar at 3D/I and the man who gave birth to River North, is a poster here (he hasn't posted in a while) and he is/was working on that project. This was about a year ago when he revealed W was in negotiations. It'd be great to hear from him ago.

And yes, for anyone wondering, it was really him as I've met him and he's talked about how he likes posting here but just never has the time and just forgets.


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