Jump to content

Temeteron

Lenox Square/Phipps Plaza

Recommended Posts


Has anyone posted that Scotch&Soda, and Psycho Bunny have opened new Outpost in Lenox Square?
As well Dolce& Gabbana and Tom Ford have opened stores in Phipps Plaza.

Thought this place was no longer a thing! Does anyone know what’s going next to Agency Socialtheque at Phipps!?


Sent from my iPhone using Tapatalk

Share this post


Link to post
Share on other sites
21 hours ago, Kenneth Disraili-Jean said:

Has anyone posted that Scotch&Soda, and Psycho Bunny have opened new Outpost in Lenox Square?

As well Dolce& Gabbana and Tom Ford have opened stores in Phipps Plaza.

Yes, was there about a month ago.  Zara has expanded and is now 3x bigger.  Top Shop has closed.  

Share this post


Link to post
Share on other sites

I'm curious as to why Belk closed at Phipps Plaza and Simon replaced it with non-retail uses.

Was the Belk underperforming, or did Simon just figure it could make more money by buying out Belk and building something else in its space?

And why did Simon pick non-retail uses instead of replacing Belk with new upscale retail stores?

I'd usually see a department store anchor transformed into non-retail uses because the mall failed.  But that's clearly not the case with Phipps Plaza, unless I'm totally missing something.

Share this post


Link to post
Share on other sites
I'm curious as to why Belk closed at Phipps Plaza and Simon replaced it with non-retail uses.
Was the Belk underperforming, or did Simon just figure it could make more money by buying out Belk and building something else in its space?
And why did Simon pick non-retail uses instead of replacing Belk with new upscale retail stores?
I'd usually see a department store anchor transformed into non-retail uses because the mall failed.  But that's clearly not the case with Phipps Plaza, unless I'm totally missing something.

Thanks for waking up this thread! Simon owns the parcel in which the Belk (old Parisian) store sat. They realize that by subdividing the parcel into smaller segments that could generate more money (Nobu hotel, Lifetime Fitness, and other smaller stores/concepts), there wasn’t much of a reason to renew Belk’s lease once it expired. Department stores aren’t the cash cows they once used to be.


Sent from my iPhone using Tapatalk

Share this post


Link to post
Share on other sites
18 hours ago, heyitsme said:


Thanks for waking up this thread! Simon owns the parcel in which the Belk (old Parisian) store sat. They realize that by subdividing the parcel into smaller segments that could generate more money (Nobu hotel, Lifetime Fitness, and other smaller stores/concepts), there wasn’t much of a reason to renew Belk’s lease once it expired. Department stores aren’t the cash cows they once used to be.


Sent from my iPhone using Tapatalk

Thanks- good to know that more retail is coming.

I wonder if Belk at Phipps was ever a cash cow.  People from other states would drive to Phipps to go to stores that don't exist in their hometowns.  There's no reason to drive all the way to Atlanta to go to Belk.  (Or Lifetime Fitness, for that matter.)

I also wonder why Neiman Marcus didn't originally locate at Phipps.  An anchor lineup of Saks, Neiman Marcus and at the time Lord & Taylor would have been exceptional.

  • Like 1

Share this post


Link to post
Share on other sites
Thanks- good to know that more retail is coming.
I wonder if Belk at Phipps was ever a cash cow.  People from other states would drive to Phipps to go to stores that don't exist in their hometowns.  There's no reason to drive all the way to Atlanta to go to Belk.  (Or Lifetime Fitness, for that matter.)
I also wonder why Neiman Marcus didn't originally locate at Phipps.  An anchor lineup of Saks, Neiman Marcus and at the time Lord & Taylor would have been exceptional.

Agreed! From what I could remember, Parisian opened up in ‘93 and was the answer to Lenox Square’s Rich’s (now Macy’s) since the mall was ultra exclusive and had a task to tone down the tonier image of Phipps with other stores like Niketown and AMC theaters.

Lord and Taylor’s store at Phipps was the answer to what Saks Fifth Avenue couldn’t provide—affordable luxury. The mistake that L&T made with many of its stores is that it expanded into suburban malls that couldn’t support luxury retail. The North Point and Mall of Georgia L&Ts should have never existed IMO.

However, when Parisian was sold to Belk, the company let the store play out because they knew the 25 year old lease at a premier retail center was quite high to break at the time. Belk resonates more with customers in the Carolinas, as Macy’s and other brands weren’t there around the late 90s and earlier. So yeah, they knew the store wouldn’t be comparable to its Charlotte flagship, but they tried their best to fool the public with the title “flagship,” although the store and its merchandise suffered greatly after it changed from Parisian to Belk.

Sorry for being so long winded! I have so much retail/corporate real estate interests.


Sent from my iPhone using Tapatalk
  • Like 1

Share this post


Link to post
Share on other sites

Thanks, heyitsme- I didn't realize that Belk had a 25 year lease and they just let it go to the end. That makes sense.


Funny to think of Parisian as being relatively downscale, but I guess that's Phipps Plaza.  I loved it (there was one in Greenville, SC for a few years) and Lord & Taylor and both were nice stores, and certainly nicer than Belk, but certainly affordable, at least for me.

  • Like 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.