Quote:
Originally Posted by Atlanta3000
Again not to be Negative Nancy, but Midtown has substantially more residential and doesn't seem to have the capacity to support retail. What makes you think Downtown is different?
It is my opinion the only type of retail Downtown can support today and for the foreseeable future is destination retail. Tourists and people living OTP will make the economics work. Without going into detail, the Gulch development is really the most significant/game changer for Downtown.
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Midtown is still filling in but I think that is a pretty decent level of retail. I mean it has multiple grocery stores and most all the retail spaces are filled in with something. It's retail seen is certainly in better shape that a lot of suburban retail malls / strip malls.
I think people need to give up on this hope street after street filled with clothing stores and other traditional retail. Retail is shifting online.
I think the vision Newport has for South Downtown is perfectly sustainable. Some scattered restaurants, coffee shops, and specialty retail like bike shops that will serve mostly local residents, but yeah, the visitors will help too. Certainly a better bet than an Old Navy in a mall in the suburbs.
Edit: And while I am excited about "the Gulch" right now I think Newport's South Downtown and probably WRS' Underground are much better for downtown. But we will see what exactly they end up proposing. If it is just like "the Battery" where it is a standard Fuqua one street of retail surrounded by parking decks and a few apartments, then meh, probably better waiting for the next proposal. But if they do awesome added walk-able street grid with lots of street level and vertical 24/7 uses that ties in well with transportation alternatives then that is more beneficial.