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  #1  
Old Posted Jun 5, 2008, 7:41 PM
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{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!






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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.
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  #2  
Old Posted Jun 5, 2008, 7:54 PM
KeepSanAntonioLame KeepSanAntonioLame is offline
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The "highrise luxury hotel" is the ritz, right?
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  #3  
Old Posted Jun 5, 2008, 7:56 PM
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They need to get rid of that nasty awning
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  #4  
Old Posted Jun 5, 2008, 7:59 PM
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Quote:
Originally Posted by KeepSanAntonioLame View Post
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.
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Old Posted Jun 5, 2008, 8:05 PM
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If it was a Ritz downtown at the river center, that would be, well, ritzy.
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  #6  
Old Posted Jun 5, 2008, 8:07 PM
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I'd want an Ace Hotel
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Old Posted Jun 5, 2008, 8:12 PM
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I'd want an Ace Hotel
Seriously?

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  #8  
Old Posted Jun 5, 2008, 8:16 PM
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Originally Posted by sirkingwilliam View Post
Seriously?

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.
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Old Posted Jun 5, 2008, 8:19 PM
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Quote:
Originally Posted by alexjon View Post
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.
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Old Posted Jun 5, 2008, 8:22 PM
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Yes, but think about the cool sign!
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  #11  
Old Posted Jun 5, 2008, 8:22 PM
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Originally Posted by sirkingwilliam View Post
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
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Old Posted Jun 5, 2008, 8:28 PM
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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.
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  #13  
Old Posted Jun 5, 2008, 8:30 PM
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Originally Posted by KeepSanAntonioLame View Post
Yes, but think about the cool sign!
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Old Posted Jun 5, 2008, 8:33 PM
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Quote:
Originally Posted by alexjon View Post
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.

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.
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Old Posted Jun 5, 2008, 8:34 PM
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Quote:
Originally Posted by sirkingwilliam View Post
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?
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Old Posted Jun 5, 2008, 8:34 PM
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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.
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  #17  
Old Posted Jun 5, 2008, 8:36 PM
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Quote:
Originally Posted by alexjon View Post
Ace's competitor, the W, is going there isn't it?
I thought a W in SA was one of those wishful rumors.
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  #18  
Old Posted Jun 5, 2008, 8:37 PM
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Quote:
Originally Posted by alexjon View Post
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.
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  #19  
Old Posted Jun 5, 2008, 8:38 PM
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Quote:
Originally Posted by sakyle04 View Post
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.

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.
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  #20  
Old Posted Jun 5, 2008, 8:40 PM
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Originally Posted by KeepSanAntonioLame View Post
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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