Quote:
Originally Posted by NitekKetin
JC Penney, in particular, is starting to leave its dated mall stores for modern, more convenient freetanding locations, like the upcoming store at Spanish Fort Town Center. JC Penney could easily sign on as an anchor for an open-air project in north Mobile County, leaving its Bel Air Mall store behind. If Target leaves the mall as well (they have mulled the idea), around 300k of retail space is left at Bel Air, ripe for redevelopment.
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While we are all sitting around here barking! I said earlier that Bel-Air has something up there sleeve, but they will not tell. I called La Salle to find out and they stated that new competition is coming to the market that would allow for redevelopment. One of my friends manages a store in Bel-Air and said the same thing. Most of the stores lease's are up and need to get out or resign at a higher price. Target should be out by next year.
Also, I talked to the manager of Legacy Village and he stated that they have a high-end furniture store on the way. I sure hope it is Z Gallerie.