Quote:
Originally Posted by 2oh1
...rethink a few things? The entire Lloyd area is undergoing a massive transition. Over 650 new homes are being built, the mall is being rehabbed, there's a brand new streetcar extension. Clearly, many things are being rethought, so to speak.
Nordstrom leaving is no death knell for Lloyd Center. It may even prove to be a positive rather than a negative since the owners of the mall have already announced they're buying the space and breaking it up into something new.
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the lloyd district is heading in the right direction but the lloyd center is not. losing nordstrom and the countless mall vacancies and cheesy stores popping up prove this. if the mall is going to compete on a regional level its going to have to do more then just do some remodeling and landscaping. the apartments and new residential going in are more of a reflection of urbanist trends that would probably have happened even if the mall didnt exist. its the mall thats outdated and the odd player out. malls around the country in fact are scrambling for shoppers' dollars as more and more competition from the internet retailers enter the market. not to mention, have you noticed the demographic change taking place in north portland recently, or rather, the last 15 years.
clearly the gentrification, rejuvenation, inner city rebirth (choose your pc term) is driving up home values and populating the area with a more discerning customer (more household $$$), clearly not the current demographic that the lloyd center now serves. so what can they do? well i dont know. im not an urban planner anymore but one thing is for certain, as the area becomes more urban and dense, its current retail mix of budget priced homewares, sports attire, and wetzels pretzels is going to see fewer and fewer customers. logistically its in a good location, close to major arterials, transit and the highway but presently, its housing subpar stores and acts more like a afterschool hang out for thuggy kids. how many malls can you think of that have regular gang shoot outs in their parking lot or inside the mall in a shoe store??? yeah. just that one...