Quote:
Originally Posted by ajiuO
I kind of wonder what City Creek Center will do with the Macy’s when that store eventually closes. They haven’t announced anything, but after going in there today I don’t think it’s going to be long. Their merchandising was spread way thin and they hardly had any sizes of anything. It made me really sad actually. I don’t want to see them go away, but you can just kind of tell that things are off. It’s not at all how it use to be in there. It’s almost uncomfortable shopping in there because parts of it are so thinned out. I had to stop at smith’s market place after and noticed that their clothing section was amazingly well merchandised, and well stocked… so I guess I’m trying to say that Kroger is doing a better Job than Macy’s… sad.
I noted there were also several closed stores at CCC. Looks like Rocky Mountain Chocolate is gone which is sad. Blue lemon has been “temporarily” closed for a long time and their phone has been disconnected. I’m pretty sure they are out of business (this is multiple locations). A couple of store a closed with no indication that something is coming soon. One said something was coming in the fall.
I kind of hope things pick back up for CCC When the temple construction is done.
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It's to be expected that these would be tough times for City Creek. Brick and Mortar Retail in general has taken a nose dive throughout North America. It doesn't help that City Creek's number one draw of Temple Square is under reconstruction. I mean, Temple Square is one of the top visitor attractions in the nation. However, I think that Macy's will hold out, waiting for The Square's return.
Another problem, even after Temple Square is completed, is the lack of 24-hour residential and large hotel development within the immediate vicinity. Even with The Hyatt and Astra, I think that City Creek's environs are very much underdeveloped. Astra will help a little, along with other city-proper residential additions but it still isn't enough foot traffic in the immediate vicinity. Both the north and southwest corners of State and 1st South are an incredible waste of space. Let's not even begin to talk about the current state of the immediate block south of the Marriott bordering Main and West Temple. Anyway, if Macy's actually decided to vacate, The L.D.S. church would most likely have a close to immediate replacement, that has a healthier bottom line such as Dillard's.
Edit: Come to think of it, the new Temple Square is likely to generate a huge amount of foot traffic. Even much more than previously. I predict that City Creek and the block to the south will finally experience that Phase II renaissance that we've been waiting for. Perhaps, even the long-awaited development of the parking lots to the west of Temple Square. As many on this forum have been apotheosizing already, with the completion of Temple Square and innumerable Temple buildings worldwide there are a number of local projects previously announced that will be giving way to strong probabilities of getting off the ground. After all, The L.D.S. Church needs to invest that 100-plus billion portfolio somewhere, and I think local projects will be at the forefront. Projects such as the large remake of the area around the old Elk's Lodge, The Cascade Tower, The Multi-Residential development high-rise east of Harmon's, and development to the north of the COB. Of course, also Hine's own projects should be underway on South Temple and on Main, and the resulting synergistic sped-up development realization of the missing teeth on that entire theater tower block. Hopefully, there will even be some movement on the South Temple parking lots.
I imagine the only thing holding Property Reserve back on their many upcoming local projects at this point is labor demand and having their hands so full locally and worldwide. Remember, they're not encumbered by borrowing against high-interest rates. They pay as they go. Even before the billions in projects they are currently appropriating are completed, they will turn their attention to what's next.
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