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On 12/12/2020 at 12:15 PM, Asdfjkl; said:

Looking at the current leasing flyer, Three Notch’d will be taking this space.

That’s a good addition for Town Center. Really high quality brewery with some good eats at their location in IX Art Park in Charlottesville.

They were originally on the leasing flyer for the Railyard at Lamberts Point in Norfolk. But I guess they got tired of waiting for that development to become a reality.

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Oh, gee wilikers, some of you will complain about anything!

Conn's isn't the best name for a retailer.  "Conn's, we'll take you for every penny you have."  :-). J/k

Honestly I could care less about another grocery store but it does feel like we consistently get slighted on everything that comes here.  Whether that's store size like this example or that brewery re

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  • 2 months later...

I was at Lynnhaven Mall the other day, and retail in the entire wing leading to the Macy’s inside the mall is shuttered. The only retailer left open is a jewelry store along the main promenade at the corner. Now, this is a short-ish wing but it’s still troubling to see. Historically, Lynnhaven has had the highest occupancy rates in the region. 

On a positive note, the main entrance,  Grand Central Court and the food court (a physical addition) are very nice, bright and attractive these days...some six years or so post reno. The exterior of the front of the mall has never looked better, with all the new way signage, reimagined traffic patterns, landscaping, streetscape, extensive LED lighting, etc .  Cooper’s Hawk Winery out front looks to be doing good business, & a new standalone Panera with drivethru is almost finished close by.  I think Maggie McFly‘s is great, but I’m not sure how well it’s doing. It’s huge, and they seem to have trouble filling it up...especially since the pandemic. The space just adjacent is still empty and covered over. Next door at the mouth to the new mall entrance they created by tearing down Lord and Taylor,  L.L. Bean looks smart and is very nicely finished out with great merchandise. But they’ve always seemed kinda empty.

Out back, AMC 18 is open with limited capacity, Las Palmas 3 has replaced the old Ruby Tuesday and seems to do well. UNO’s pizzeria is still closed and empty. There are some other closed stores inside, along with one or two imminent openings.  

Wondering what the future holds for this mall? Well, I would not be surprised if in about five years, it is the only enclosed mall left standing. I also predict that the owners will continue to try to build on the massive out-parcels and bring in more entertainment. Pre-Covid, Dave & Buster’s performed near the top of the chain. 

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2 hours ago, baobabs727 said:

Wondering what the future holds for this mall? Well, I would not be surprised if in about five years, it is the only enclosed mall left standing. 

Do you mean last one open or actually physically standing? Lynnhaven is certainly the best performing mall in the region but I doubt every mall closes or is demoed within five years. We will see some level of redevelopment at most of them within five years but I think complete closure is unlikely for all but one or two. 

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15 hours ago, Asdfjkl; said:

Do you mean last one open or actually physically standing? Lynnhaven is certainly the best performing mall in the region but I doubt every mall closes or is demoed within five years. We will see some level of redevelopment at most of them within five years but I think complete closure is unlikely for all but one or two. 

Sorry, I didn’t mean actually physically standing. I meant still open and operating... in the same format and capacity as they do today.  Though it’s entirely possible that there will be a physical demolition or two within 5-10 years  

Clearly,  Military Circle is done. MacArthur Center will not be operating as a super-regional, enclosed mall as it does today, unless it’s somehow still open and limping along during a protracted and painful foreclosure process. I’d be very concerned about that Dillards flagship. They never really met projections even during the peak of the whole brick and mortar retail paradigm—in the best of economic circumstances.  Now they are almost certain to flounder, though Dillards, for a number of reasons, has a much different perspective on closing stores than does Macy’s, for example.  So who knows. 

The last time I was at Greenbrier Mall at Christmas, it was a ghost town. It was 22/23 December I believe, and I had just left MacArthur Center...which was packed... and I headed out to Chesapeake.   Greenbriar mall was absolutely dead. Same night. 25 minutes later. Christmas season.  And that was 2 1/2 years ago.  I’m sure that situation has not improved, especially with the closing of Sears, etc. The demographics over there are strong, so I am not worried about what will become of that property. Something will be developed there. But it won’t remain an enclosed mall. Finally, we know that Chesapeake Square  has been bought by local investors and will be reimagined here shortly, Along with much of the property in close proximiity. 

So, yes, in the end, I believe that Lynnhaven Mall will survive the most “intact” and will continue operating as the region’s leading enclosed mall. Perhaps the last of its kind, or maybe one of two.  Time will tell. 

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1 hour ago, baobabs727 said:

Sorry, I didn’t mean actually physically standing. I meant still open and operating... in the same format and capacity as they do today.  Though it’s entirely possible that there will be a physical demolition or two within 5-10 years  

Clearly,  Military Circle is done. MacArthur Center will not be operating as a super-regional, enclosed mall as it does today, unless it’s somehow still open and limping along during a protracted and painful foreclosure process. I’d be very concerned about that Dillards flagship. They never really met projections even during the peak of the whole brick and mortar retail paradigm—in the best of economic circumstances.  Now they are almost certain to flounder, though Dillards, for a number of reasons, has a much different perspective on closing stores than does Macy’s, for example.  So who knows. 

The last time I was at Greenbrier Mall at Christmas, it was a ghost town. It was 22/23 December I believe, and I had just left MacArthur Center...which was packed... and I headed out to Chesapeake.   Greenbriar mall was absolutely dead. Same night. 25 minutes later. Christmas season.  And that was 2 1/2 years ago.  I’m sure that situation has not improved, especially with the closing of Sears, etc. The demographics over there are strong, so I am not worried about what will become of that property. Something will be developed there. But it won’t remain an enclosed mall. Finally, we know that Chesapeake Square  has been bought by local investors and will be reimagined here shortly, Along with much of the property in close proximiity. 

So, yes, in the end, I believe that Lynnhaven Mall will survive the most “intact” and will continue operating as the region’s leading enclosed mall. Perhaps the last of its kind, or maybe one of two.  Time will tell. 

Without a doubt the local malls, as is the cause with most malls in the country, will have to reinvent themselves and some will require complete redevelopments. Military Circle being the obvious one. I would not at all be surprised if nothing has happened with MacArthur in five years. Chesapeake Square will probably only be partially redeveloped. Kotarides has owned it for almost three years now and has yet to announce any plans. Their marketing seems to indicate only a partial redevelopment. Greenbrier will certainly be interesting to see what unfolds. I don’t think losing Sears hurt it so much as not losing Sears sooner did. It’s future will depend on whether Seritage can do something with that box and what happens with CBL in bankruptcy. Lynnhaven is certainly the best positioned to continue operating without significant changes. I find Pembroke’s future the most interesting and appreciate the inside scoop you’ve been able to provide. They’ve done an excellent job staying relevant despite the true mall portion languishing. Long-term they’ll all get redeveloped but I’m pessimistic about the timeline.

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1 hour ago, BFG said:

Sounds like we’ll return to the old days where you had to “drive into town” to pick up something from the mall. 

Yeah, like to NOVA/DC. lol. Circa 1995.  Some of us will probably end up going back up there, especially if Dillard’s @MacArthur closes. There’s nothing to see in Richmond either. 

 

58 minutes ago, Asdfjkl; said:

Without a doubt the local malls, as is the cause with most malls in the country, will have to reinvent themselves and some will require complete redevelopments. Military Circle being the obvious one. I would not at all be surprised if nothing has happened with MacArthur in five years. Chesapeake Square will probably only be partially redeveloped. Kotarides has owned it for almost three years now and has yet to announce any plans. Their marketing seems to indicate only a partial redevelopment. Greenbrier will certainly be interesting to see what unfolds. I don’t think losing Sears hurt it so much as not losing Sears sooner did. It’s future will depend on whether Seritage can do something with that box and what happens with CBL in bankruptcy. Lynnhaven is certainly the best positioned to continue operating without significant changes. I find Pembroke’s future the most interesting and appreciate the inside scoop you’ve been able to provide. They’ve done an excellent job staying relevant despite the true mall portion languishing. Long-term they’ll all get redeveloped but I’m pessimistic about the timeline.

I agree on all counts. Our predictions as to the time frames, scales and scopes of these projects are merely best (educated) guesses at this point and are of course always subject to changing market conditions. Change is the only true constant. However, we can certainly identify specific trends with a reasonable degree of confidence. 

I know that Wegmans would like to be in Greenbrier/Battlefield. They did somewhere in the $65,000,000 range at Town Center in their first year and have always had plans for more than one unit in South Hampton Roads. Kroger Marketplace already landed over there. Unfortunately, that traffic situation is a total nightmare. Ingress/egress at the mall is messy. You’re right about Sears though. It’s less of a double-edged sword than one would think at first glance. I know that Mr. Smith was happy to get rid of them at Pembroke, as it would theoretically accelerate his redevelopment timeline. Same goes for Greenbrier.  

I’ve always thought that Chesapeake Square was a bit of a dog. Was surprised Kotarides was the buyer. They keep saying they’ve got a plan, but like you said we don’t know what it is exactly.

Yes, Pembroke is most intriguing. I think they have done a brilliant job thus far with partially repositioning that property.  In the end, I think they could go in a couple different directions. Complete redevelopment will take many years to unfold, however. Mr. Smith is a patient man, slow and steady wins the race, although he admits that he would always like to move faster!

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