Is Haywood the next McAlister?
#1
Posted 23 March 2007 - 03:53 AM
#2
Posted 23 March 2007 - 04:54 AM
vicupstate, on Mar 23 2007, 04:53 AM, said:
I agree, but out of curiosity, what are your reasons for thinking that? My view is that it's just no longer in an area of high growth and hasn't kept up with the latest mall trends, such as by having an outdoor component and a Cheesecake Factory or the like, and so the new shopping centers that do that will lure away some of its business. Simon ought to keep investing in expansions and further renovations of the mall (although the interior re-do is good).
#3
Posted 23 March 2007 - 05:14 AM
vicupstate, on Mar 23 2007, 03:53 AM, said:
Any facts to support that Haywood will be the next McAlister?
Now if you meant the Laurens end of Haywood Road, I would agree.
Edited by gsupstate, 23 March 2007 - 05:15 AM.
#4
Posted 23 March 2007 - 05:32 AM
mallguy, on Mar 22 2007, 08:14 PM, said:
#5
Posted 23 March 2007 - 07:32 AM
gsupstate, on Mar 23 2007, 05:14 AM, said:
Any facts to support that Haywood will be the next McAlister?
Now if you meant the Laurens end of Haywood Road, I would agree.
That it would be the highest grosssing mall should be no surprise. It is the largest in the state, is the only one in the state's largest county and the only one in the state's second wealthiest county. Compared to other malls in other SC cities it would stand to reason that it has the highest gross.
Whereas it use to be the only horse in town for primary shopping, it now has major, more contemporary competition with even more on the way.
When was the last time something new was built on Haywood. The Laurens road end all the way up to the mall is obviously in decline. Consumer tastes have changed and enclosed malls are going out of style. I'm not saying the place is going to close tomorrow, but I seriously believe it has hit it's high water mark.
I admit I haven't seen per foot sales figures, but I've seen malls such as Columbia Mall and Eastland Mall go from thriving to ailing. i see some of the same signs now.
#6
Posted 23 March 2007 - 07:49 AM
vicupstate, on Mar 23 2007, 07:32 AM, said:
IMO, my prediction for Haywood Mall, will be that it continues to morph into a better and better mall. Simon will ensure that (excellent company) and the 385 growth will continue to push it. The fact that it is the states largest and the counties only mall......just don't see it sliding. It's getting older yes, but it has better stores today and brings in more dollars than it did 5 years ago. How is that headed downhill?
Here's an aerial of the mall showing much new growth and many powerful names. It just doesn't look like it's going down. I just don't see it.
http://www.choldings.....ent Place.pdf
#7
Posted 23 March 2007 - 09:59 AM
#8
Posted 23 March 2007 - 04:57 PM
Plusses:
1. Department stores: the only place in Greenville County with full-line large department stores (I don't count the mini-Belk stores or Mast downtown) is Haywood. Belk, Macy's and JCPenney are doing fine chain-wide, and assuming the Haywood stores are performing well, they will be key attractions that can help keep the mall afloat.
2. It's the only mall around- some people would probably rather just shop in a mall, despite downtown and lifestyle-center competition.
3. Key location: sort of in-town and along I-385.
4. Critical mass: my findings are that critical mass is a key factor in retail success, with more size meaning more success. Haywood is definitely the largest retail center in the Upstate.
Minuses:
1. Location: Haywood Road is no longer an area of high growth. Retailers like going where the growth is, and A-grade tenants have found other options, such as Greenville Mall when it was still alive and now Greenridge.
2. Trendy tenants: sure, Haywood has Pottery Barn, but it doesn't have mass-market sit-down restaurants such as PF Chang's or big-box tenants that are all the rage today.
3. Monopoly: Simon seems to be letting the mall rest on its laurels. It's the dominant mall so Simon doesn't have to dump money into it to keep it thriving. Thus that horrid beige brick, straight from 1980, is still there, and the mall hasn't adopted some recent trends, such as outdoor sections or Cheesecake Factory-type restaurants or the like. Sooner or later the mall's neglect (yes, I know it was renovated, but not enough) will catch up to it.
As long as Haywood doesn't lose its anchors, I foresee it sticking around for a long time, overall.
Edited by mallguy, 23 March 2007 - 04:58 PM.
#9
Posted 23 March 2007 - 08:39 PM
#10
Posted 23 March 2007 - 09:02 PM
#11
Posted 23 March 2007 - 09:36 PM
#12
Posted 23 March 2007 - 10:59 PM
Skyliner, on Mar 23 2007, 10:02 PM, said:
100,000+ sf, with full-line clothing and home sections.
One thing I noticed at Haywood- more "riff raff", compared to how the mall was in the '80s and '90s. Not a good sign.
Who'd have ever thought that 3 of Greenville's 4 malls would shut down? Losing Haywood could be as unexpected as losing the other 3.
Edited by mallguy, 23 March 2007 - 11:01 PM.
#13
Posted 23 March 2007 - 11:16 PM
mallguy, on Mar 23 2007, 11:59 PM, said:
One thing I noticed at Haywood- more "riff raff", compared to how the mall was in the '80s and '90s. Not a good sign.
Who'd have ever thought that 3 of Greenville's 4 malls would shut down? Losing Haywood could be as unexpected as losing the other 3.
#14
Posted 24 March 2007 - 06:12 AM
mallguy, on Mar 23 2007, 10:59 PM, said:
Charlotte lost: Cotswold, Freedom, Eastland......Southpark still going strong.
Birmingham lost: Eastwood, Western Hills, Westlake, Century Plaza.......Brookwood and Riverchase still going strong.
Raleigh lost: South Hills and North Hills with Crabtree still going strong.
Columbia lost: Richland, and about to loose Columbia Place......Columbiana still going strong.
Huntsville lost: The Mall, Heart of Huntsville and Dunnavants Mall.......with Madison Square and Parkway CIty still going strong.
The list goes on and on and on in every city. So not sure what the point is?????
Greenville has a great super-regional, Haywood, going strong, that in the last year added: Coach, Guess, Aerie, Williams Sonoma, Coldwater Creek, Pac-Sun, Starbucks, Pottery Barn, etc, etc. It's in a good area and going strong.
#15
Posted 24 March 2007 - 07:16 AM
Greenville Mall on the other hand never really changed significantly. The interior was always dark despite the skylights and some of the stores belonged in a flea market more than a mall and you think Haywood has "riff-raff" (I admit Friday nights can be pretty bad with all the high school kids, etc. hanging out but I could have sworn I saw zombies patroling the nooks and crannies of Greenville Mall.
I'm glad Greenville Tech has still retained some of the "Mallness" of McCalister by keeping a few shops and co-existing with some office space too. Growing up I classified the three malls as follows;
McCalister - the old people's mall (seriously the demographic was seen when visiting the dept. stores and of course Morrison's Cafeteria
Haywood - the "normal mall
Greenville - the flea market/freak mall
I think some are forgetting another mall however. The Wade Hampton Mall. It lasted just a bit longer than the Bell Tower Mall but was allowed to slowly die and now is used by Bob Jones University for various things. It had an Eckerd's, Outdoors shop (in the rear). I bought or had my parent by me quite a few camping supplies there when I was in scouting in the late 70's and early 80's and a Movie theater. I think the movie theater was still operating there in the mid to late 80's. The last movie I think I saw their was Dead Poet's Society in 1989.
#16
Posted 24 March 2007 - 07:48 AM
Malls seem to die off because larger/better shopping centers are built or because the malls' trade areas go bad. I don't see a mall that's larger than Haywood being built, but I do see multiple newer and smaller but nicer centers with trendier tenants possibly being built, and I see the Haywood area no longer being Greenville's premier retail area.
I'd say that Haywood has changed, but it hasn't changed enough:
Look at SouthPark in Charlotte: originally anchored by Belk, Ivey's/Dillard's and Sears, it's now anchored by the first two plus Macy's, Neiman Marcus and Nordstrom, plus it has added wildly popular sit-down restaurants, plus a Dick's Sporting Goods and a Joseph-Beth, plus a string of high-end chain restaurants such as Morton's. The mall has thus added new categories of tenants that it didn't have when it first opened- high-end department stores, white-tablecloth restaurants and big-box retailers. It's also added a different type of architecture- an outdoor component- that it didn't have when it opened. It's kept up with the latest trends in malls and has been completely rejuvenated and significantly expanded, with full interior and exterior renovations. Same goes for Lenox Square and other dominant malls.
Haywood, on the other hand, has added one anchor and a new wing in 27 years and has renovated its interior a few times, but that's it. The exterior is the same. No new categories of tenants, such as big-box retailers or mass-market sit-down restaurants such as a Cheesecake Factory, have been added. Haywood's in-line tenants are definitely nicer than when the mall first opened (Video Concepts was a fun store but wasn't upscale- thanks for the memories!) but it hasn't added completely new categories of tenants to the extent SouthPark has.
Customer tastes in mall tenants change- witness the decline of mid-tier department stores (such as Dillard's, which is not performing particularly well these days, with stagnant same-store sales) and the rise of big-box retailers and the Cheesecake Factory and similar restaurants- and people in Greenville will want and get new types of retailers and restaurants. If Haywood doesn't adapt and keep up with those trends, another shopping center in Greenville will and will take Haywood's business.
(FYI in Charlotte, Eastland (www.eastlandmall.com) and Freedom Mall (no website but there is an article about it, with pictures, on www.labelscar.com) are still malls with stores in them, and Cotswold has just been de-malled by having its roof removed; all three centers are still there, even though Cotswold is the only one of the three that is doing well.)
Edited by mallguy, 24 March 2007 - 07:55 AM.
#17
Posted 24 March 2007 - 08:46 AM
McCalister Square was more the "Haywood" of the 60's not the 70's. I remember my parents or grandparents taking me to McCalister to ride my tricycle around the perimeter in the late 60's and it had been there a while before that. I remember when Haywood opened around the summer of 1980 it was very big deal. The place was packed the opening weekend. Around that time Ronald Reagan also spoke in the center court. I wasn't able to see him because of the crowd but I went down to Video Concepts and watched the feed on one of the big screens.
Haywood also did not have a food court until the late 80's. It had places to eat scattered around the place. Ruby Tuesday was where Sam Goody is, etc.
One thing about Haywood that is very odd however is that it does have a "Greenville Mall" section The entrance corridor betweem Sears and Macy's (formally Rich's) has always seemed to be dark, have odd stores. That crowded board game store while having interesting things seems to mainly appeal to the D&D crowd, the spot next door to it always seems to have some kind of shady place occupying it and they used to have a cafeteria there which seemed more greenville mallish than a Haywood kind of place. The section from the middle to where Belk's is also seems like a slice of the old McCalister Mall.
#18
Posted 24 March 2007 - 08:50 AM
#19
Posted 24 March 2007 - 09:14 AM
#20
Posted 24 March 2007 - 09:36 AM
Spartan, on Mar 24 2007, 09:14 AM, said:
I know McAlister, Greenville, and Haywood were all open at the same time. I'm not sure when Bell Tower closed, my guess is sometime around 86 as I can only remember going there once.
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