funny timing - in the news today - one of these just opened in tribeca.

 

it has a local chobani yogurt shop instead of starbucks:

 

http://nydn.us/2e1nx2L

 

i saw them in boston too, so city targets seem to be well on the way.

Put one on the ground floor of the parking pedestal (designed to support a ahigh-rise apartment tower, ie: 515 Euclid) proposed at Euclid Avenue and East 17th. Playhouse Square Foundation has some state funds for it but needs a lot more.

^  Flats East Bank would be a pretty bad location for a Target, imo. Too far removed from the majority of downtown households

Why is it a bad location when more housing is on the way and it could be a cornerstone of the neighborhood?

 

Just because people are not there now, doesn't mean it's a bad location.  Keep in mind I'm not a believer of  "build it they will come".

 

Like our changing downtown, why is it we always spot the negative and not the positive FIRST?

^  Flats East Bank would be a pretty bad location for a Target, imo. Too far removed from the majority of downtown households

Why is it a bad location when more housing is on the way and it could be a cornerstone of the neighborhood?

 

Just because people are not there now, doesn't mean it's a bad location.  Keep in mind I'm not a believer of  "build it they will come".

 

Like our changing downtown, why is it we always spot the negative and not the positive FIRST?

 

You really have to ask why the FEB is a bad location!

 

Common, it's obvious.

1. no  good public transportation (this could change if the RTA Waterfront line were to be extended around downtown, but not currently much of a chance for that to happen).

2. not enough living quarters within walking distance, and probably never will be. Adding onto the FEB development hundreds of additional residents will still not be enough to warrant a Target at FEB.

3. no university/college near by.

4. and definitely not a good central location for the rest of the downtown population to reach.

 

Best location for a downtown Target imo is still Euclid or Chester Ave. near CSU/PS. And this location would be within walking distance to a lot more residents/students/hotel quest than a FEB location. A Euclid or Chester Ave. location also has more access to public transportation.

 

Plus we all know there are two big residential projects (CAC, 915 Euclid) either under way, or about to get underway that will add more potential shoppers for a downtown Target. The Beacon-515 Euclid is moving farther along which would also be within walking distance of a Euclid Ave. location. An definitely the CSU student housing currently under construction on Euclid Ave. will add students into the mix.

^  Flats East Bank would be a pretty bad location for a Target, imo. Too far removed from the majority of downtown households

Why is it a bad location when more housing is on the way and it could be a cornerstone of the neighborhood?

 

Just because people are not there now, doesn't mean it's a bad location.  Keep in mind I'm not a believer of  "build it they will come".

 

Like our changing downtown, why is it we always spot the negative and not the positive FIRST?

 

You really have to ask why the FEB is a bad location!

 

Common, it's obvious.

1. no  good public transportation (this could change if the RTA Waterfront line were to be extended around downtown, but not currently much of a chance for that to happen).

2. not enough living quarters within walking distance, and probably never will be. Adding onto the FEB development hundreds of additional residents will still not be enough to warrant a Target at FEB.

3. no university/college near by.

4. and definitely not a good central location for the rest of the downtown population to reach.

 

Best location for a downtown Target imo is still Euclid or Chester Ave. near CSU/PS. And this location would be within walking distance to a lot more residents/students/hotel quest than a FEB location. A Euclid or Chester Ave. location also has more access to public transportation.

 

Plus we all know there are two big residential projects (CAC, 915 Euclid) either under way, or about to get underway that will add more potential shoppers for a downtown Target. The Beacon-515 Euclid is moving farther along which would also be within walking distance of a Euclid Ave. location. An definitely the CSU student housing currently under construction on Euclid Ave. will add students into the mix.

[*]This isn't necessarily a factor with uber, cabs, etc.

[*]How many units are planned for the area?  Plus there is a hotel and business folks to shop during the day

[*]CSU is not that far away.  Nor does this need to be geared toward a college crowd.

[*]Why is it necessary to be "central"?  Why can't this be a stand alone catalyst to an area that is continuing to develop?

There is no need to be central for each and every project.  In addition, you did read my initial post on this?

no, you are ignoring the actual target strategy. that has focused on collegetown neighborhoods from the start, ie., mpls dinkytown, and now the cols and cinci neighborhoods. the others are not catalysts or pioneers of anything. they are opening in well established, centralized residential neighborhoods, like tribeca, center city, etc. so most likely the first one will be near csu because thats killing two birds with one stone, its an established (establishing?) central residential area and also by a college. maybe one will come to east bank flats with phase three, but based in target's corporate strategy right now it wont be the first one.

A Target in the 915 Euclid (old Huntington) building would be great and build off the retail already in the area at Geiger's, Heinen's and CVS.

Zara set to open November 2 at beachwood place.

 

http://www.cleveland.com/business/index.ssf/2016/10/zara_opening_at_beachwood_place_mall_joining_just-opened_altard_state_alex_ani_evereve_francescas_and_mac.html

I've learned that the primary reason for the closing of Unique was not an issue with the property owner or increased rent (no rent was increased).

 

Savers INC (that also operates food stores, a for-profit company) recently purchased the Unique Thrift Store chain. Savers' main office wasn't satisfied with the profit margin of the Lorain Ave store (it was profitable, I don't know how much) and is instead focusing its efforts on opening stores in North Olmsted and Avon.

 

The storefront will likely be rented out again, no new construction there.

Oh man, screw them. I thought donations to Unique went to Purple Heart Veterans...I'm pretty sure they used to.  It's really getting harder to make sure your donations go to a worthy charity. What's a reputable one in Cleveland (not Salvation Army)?

Oh man, screw them. I thought donations to Unique went to Purple Heart Veterans...I'm pretty sure they used to.  It's really getting harder to make sure your donations go to a worthy charity. What's a reputable one in Cleveland (not Salvation Army)?

 

I'm not sure what non-profits Unique partnered in Ohio (I know in Illinois, they partnered with Vietnam Veterans of America), but for non-profits like Easter Seals, they will sell the items (clothes by the pound) to companies like Value World and Savers (both of those are for profit companies)... How much does Value World and Savers give them, I don't know... The yellow bins around the city, I can't give to those, those bins are always overflowing...

 

Goodwill's 990 is here - http://www.goodwillgoodskills.org/media/3377/2014_990.pdf

Oh man, screw them. I thought donations to Unique went to Purple Heart Veterans...I'm pretty sure they used to.  It's really getting harder to make sure your donations go to a worthy charity. What's a reputable one in Cleveland (not Salvation Army)?

 

I'm not sure what non-profits Unique partnered in Ohio (I know in Illinois, they partnered with Vietnam Veterans of America), but for non-profits like Easter Seals, they will sell the items (clothes by the pound) to companies like Value World and Savers (both of those are for profit companies)... How much does Value World and Savers give them, I don't know... The yellow bins around the city, I can't give to those, those bins are always overflowing...

 

Goodwill's 990 is here - http://www.goodwillgoodskills.org/media/3377/2014_990.pdf

 

Planet Aid has gotten some recently bad publicity.

http://www.nbcwashington.com/investigations/Behind-the-Bins-Former-Planet-Aid-Employees-Describe-Cult-like-Experience-380725641.html

Zara officially opened its first Ohio store at beachwood place today and also over at Legacy Village in the old justice for kids store A new children's educational toy store is going into that spot.

Wasn't aware until now that Things Remembered closed at TC. Sad to see it go, it was a nice place to go for quick, last minute gifts.

Zgallerie is officially open again at Legacy Village as they opened on Friday

Build a bear workshop opened at Beachwood place. I do not know if it is just a temporary holiday store or if it is a permanent fixture.

What's happening to Northeast Ohio department stores? (Vintage photos)

By Patrick Cooley, cleveland.com

on January 13, 2017 at 11:28 AM, updated January 13, 2017 at 11:38 AM

 

CLEVELAND, Ohio -- Retailer Macy's announced earlier this month that it would close 68 stores across the nation and lay off 10,000 employees, continuing the long, slow decline of department stores in the modern era.

 

None of the remaining stores in Northeast Ohio are included in the closings, but Macy's stores at Midway Mall in Elyria and the Chapel Hill Mall in Akron closed last year, and the location at the Richmond Town Center closed in 2015.

 

Macy's isn't only department store chain struggling to adjust to evolving consumer preferences.

 

MORE:

http://www.cleveland.com/entertainment/index.ssf/2017/01/whats_happening_to_northeast_o.html

 

 

A thumbnail photo from a WSJ article on the dying mall business caught my eye as it looked like Tower City---and it was.

 

http://www.wsj.com/articles/mall-owners-rush-to-get-out-of-the-mall-business-1485262801

 

Mall Owners Rush to Get Out of the Mall Business

Surge in store closures prompts some shopping-center owners to walk away from troubled locations

 

"Mall landlords are increasingly walking away from struggling properties, leaving creditors in the lurch and posing a threat to the values of nearby real estate.

 

As competition from online retailers batters store owners, some of the largest U.S. landlords are calculating it is more advantageous to hand over ownership to lenders than to attempt to restructure debts on properties with darkening outlooks.

 

That, in turn, leaves lenders with little choice but to unload the distressed properties at fire-sale prices...."

 

 

^^This is where a center city shopping district like the old world makes sense.  It will never go away completely. 

Looks like some poaching going on at Pinecrest... Pottery Barn and Williams-Sonoma now listed as tenants... Apparently moving from Beachwood Place/LaPlace...

 

http://www.discoverpinecrest.com/intro

 

Looks like some poaching going on at Pinecrest... Pottery Barn and Williams-Sonoma now listed as tenants... Apparently moving from Beachwood Place/LaPlace...

 

http://www.discoverpinecrest.com/intro

 

To be fair though, that is their typical new store set-up. They like to keep their brands in the same project.

Cleveland area’s B&B Appliance going out of business

POSTED 12:24 PM, FEBRUARY 28, 2017, BY JEN STEER, UPDATED AT 12:25PM, FEBRUARY 28, 2017

 

EUCLID, Ohio– One of the area’s oldest appliance stores is going out of business.

 

B&B Appliance announced on Tuesday it will be closings its stores in Euclid and Middleburg Heights after 93 years.

 

“It was a tough decision,” said Jeff Blumenthal, President of B&B Appliance, in a news release on Tuesday. “The bottom line is that we are no longer profitable.”

 

B&B Appliance has 33 employees and many have been with the company for more than 30 years, the store said.

 

The clearance sale will start immediately and is expected to take a couple months.

 

MORE:

http://fox8.com/2017/02/28/cleveland-areas-bb-appliance-going-out-of-business/

http://www.cleveland.com/business/index.ssf/2017/03/jcpenney_closing_richmond_town.html#incart_river_home

 

Dying suburban mall Richmond Town Square loses its third (and last) department store anchor in a little over two years.  Macy's shuttered in early 2015, Sears will be gone by the end of this month, and JCPenney will now begin liquidation in April.

 

The only remaining "anchors" are a Planet Fitness next to the JCPenney store and a 20-screen Regal Cinemas that is not connected to the interior of the mall.  The theater is less than 20 years old and apparently still does good business.  Otherwise, the interior of the mall will likely become a ghost town by the end of this year.

 

The city of Richmond Heights has been proactive, considering alternative zoning classifications for the mall.  Possible uses include offices and schools or universities.  There's always the prospect of replacing the mall with an outdoor shopping center a la Parmatown or Westgate but there's already a mostly vacant strip mall (Hilltop Plaza) across the street that has had trouble finding tenants for years.  Bottom line is that retail is probably a lost cause at this location, which is less than 5 miles north of Beachwood Place, Legacy Village, and La Place.

I use to go to this mall as kid.  I remember it slumping in the 90s and being redeveloped with Kaufman's and a Food Court in the late 90s.  It's sad to see it go again but the combination of retail decline and urban sprawl have taken its toll on this mall.   

^Was going to say pretty much the same thing.  The move of Kaufmann's from Euclid Square sped that mall downhill. With three anchor tenants gone, I wonder what happens with Richmond in a few years.  It seems as though malls are becoming extinct as more and more people shift to online shopping.  I can't tell you when the last time was that my fiance went to a mall- and she's one who loves to shop.  There isn't a week that goes by without some box laying by her front door from Amazon. 

http://www.cleveland.com/business/index.ssf/2017/03/jcpenney_closing_richmond_town.html#incart_river_home

 

Dying suburban mall Richmond Town Square loses its third (and last) department store anchor in a little over two years.  Macy's shuttered in early 2015, Sears will be gone by the end of this month, and JCPenney will now begin liquidation in April.

 

The only remaining "anchors" are a Planet Fitness next to the JCPenney store and a 20-screen Regal Cinemas that is not connected to the interior of the mall.  The theater is less than 20 years old and apparently still does good business.  Otherwise, the interior of the mall will likely become a ghost town by the end of this year.

 

The city of Richmond Heights has been proactive, considering alternative zoning classifications for the mall.  Possible uses include offices and schools or universities.  There's always the prospect of replacing the mall with an outdoor shopping center a la Parmatown or Westgate but there's already a mostly vacant strip mall (Hilltop Plaza) across the street that has had trouble finding tenants for years.  Bottom line is that retail is probably a lost cause at this location, which is less than 5 miles north of Beachwood Place, Legacy Village, and La Place.

 

Indeed. Retail oversaturation plus sub-par location means this place is quite doomed.  I'm not sure I'm quite understand the current owner's vision for these types of properties. From their website:

 

"The Kohan Retail Investment Group (KRIG) sees the future of aging malls as a place of mixed use that is more than just for shopping. They are social settings where people interact with one another and small businesses can get a boost in a public and well-trafficked platform. Everyone has a need to build friendships and seek a community setting where entertainment, shopping, and food come together.

 

At  KRIG, we are exploring new ways to bring the simple pleasures back to everyday life. Malls are evolving, and as time goes on they are no longer just a tent to house box stores and chains, but are home to more local small- and medium-sized businesses of all stripes. Large spaces offer opportunity for fundraising events, festivals, farmers markets, miniature golf, dancing, concerts, banquets, theatre, and virtually any social gathering all under one roof with protection from the elements. "

Duluth trading Company to open second Ohio store location in Avon next to Cabela's sometime by the end of the year; the first Ohio location is set to open this may in West Chester by Cincinnati

Also in related Cleveland department store news Gordman's which recently filed for bankruptcy made the news on Thursday when Stage stores based out of Houston bought the right to purchase 50 of the over 100 Gordman's stores and plans to keep the Gordman's brand, their CEO felt that Gordman's could be profitable once the underperforming stores are weeded out the rest of Gordman's will be liquidated so there is hope for the three area Gordman stores in Mentor Bainbridge/Aurora and Parma if they are felt to be in the performing range of stores.

Driving down Euclid today the space next to Geigers had a sign in it that, I think, said 'Rise Nation Run' or something like that in it. Anybody know what this is? Just a sign or is this a new retailer?

Driving down Euclid today the space next to Geigers had a sign in it that, I think, said 'Rise Nation Run' or something like that in it. Anybody know what this is? Just a sign or is this a new retailer?

 

Maybe this?

 

http://asweatlife.com/2017/03/climbing-like-celebrity-rise-nation/

 

From the last paragraph:

So where does the nation part of Rise Nation come in? Right now, the studio only has one location West Hollywood, California. But, they are currently breaking ground on the other side of the country, in Cleveland, Ohio. So, will Rise Nation take the nation to new fitness levels? I think it’s only a matter of time.

 

 

 

 

Yes this looks very cool. On their FB page it was announced back in Dec. Also there are a few photos of Lebron and different members of the Cavs at their studio in LA. going back to last year.  Might of had something to do with it.

This is really cool! I don't like to follow the "fads" of the coasts, but in this case, this is the. coolest thing ever to be the second location in the country after LA.

America’s Retailers Are Closing Stores Faster Than Ever

https://www.bloomberg.com/news/articles/2017-04-07/stores-are-closing-at-a-record-pace-as-amazon-chews-up-retailers

cle rated as sell market for retail investors:

 

 

Cleveland

Total employment in Cleveland grew 1.1 percent over the last year, but its economy still faces long-term challenges that harm prospects for retail investors. The city's once-mighty manufacturing sector continues its lengthy structural decline, while the market continues to struggle with a shrinking population and rising unemployment. At 15.2 percent, Cleveland's retail vacancy rate is nearly double its pre-recession level, thanks to negative demand in seven of the last 10 years. Ten-X Research notes that the resulting high availability will continue to depress rent growth, with rents expected to rise about 1.7 percent annually before flattening altogether in 2019 and 2020. Given its weak fundamentals, Cleveland's retail investors can expect annual NOI growth of less than 1 percent over the next four years.

 

 

more:

http://www.cleveland19.com/story/35440273/ten-x-research-latest-us-retail-market-outlook-shows-sectors-agonizingly-slow-growth

Real headline:  Amazon monopoly gaining ground, will soon eliminate all competitors and solidify control of global distribution

I reluctantly post this for fear of the conversations that will ensue. But it is a legit issue and story....

 

#CLE is worst example of retail oversupply/overbuilding in @business story based on @TheCoStarGroup research: https://t.co/wyPnDueRK5 #CRE

I reluctantly post this for fear of the conversations that will ensue. But it is a legit issue and story....

 

#CLE is worst example of retail oversupply/overbuilding in @business story based on @TheCoStarGroup research: https://t.co/wyPnDueRK5 #CRE

 

Very legit issue.  I'm an eastsider so that's what I know, but C.H. retail has certainly lost its shine over past 15 years as downtown, Ohio City, Tremont, etc. have taken off.  Look at what Oakwood Commons has done to Severance.  Look at the struggles in University Circle.  Look what Pinecrest WILL do to Legacy, etc.  We've been oversatured for a while. 

^ Our fragmented region is partially to blame for this.  If Severance and and Oakwood were under the same jurisdiction, I don't believe that Oakwood would've been developed.  Same with Pinecrest and Legacy.  Each jurisdiction is rightfully only worried about their own tax base at the detriment of another.  Some sort of regional collaboration might be able to curb this to an extent.

^This statement is so right on.  Every Suburb wants its "lifestyle center"  and open up the same shops as every other center.  Pincrest is the perfect example....Legacy and Eton Collection both will suffer.  We need some sort of Regionalism in this area!!!

Real headline:  Amazon monopoly gaining ground, will soon eliminate all competitors and solidify control of global distribution

 

This is the threat, more than over-storing, IMO. If the stores cannot offer exclusive merchandise lines, they're doomed.

^ Our fragmented region is partially to blame for this.  If Severance and and Oakwood were under the same jurisdiction, I don't believe that Oakwood would've been developed.  Same with Pinecrest and Legacy.  Each jurisdiction is rightfully only worried about their own tax base at the detriment of another.  Some sort of regional collaboration might be able to curb this to an extent.

 

Agree with this 100%. Every municipality is forced to compete for tax revenue, meaning they'll sell their souls to a developer looking to provide them with a shiny new retail center that will be obsolete in a decade or two. Some of this new development is meant to follow the population as it sprawls outward, but of course sprawl itself is greased by the balkanization in Northeast Ohio.

 

The whole situation is a huge mess and only likely to get worse.

 

And I still contend that Oakwood should have been made into a park.

more amazon effect retail closures:

 

http://www.cleveland.com/entertainment/index.ssf/2017/06/retail_decline_continues_with.html

^Also was just announced a few days ago that Sears in Mentor and Middleburg Hts will be closing

Is building retail in an already over-saturated NE Ohio retail market an addiction with these people??

 

New York developer proposes six-building retail center near SouthPark Mall in Strongsville

BY BOB SANDRICK, SPECIAL TO CLEVELAND.COM [email protected]

 

STRONGSVILLE, Ohio - A New York-based developer has proposed a six-building retail center in front of a vacant office building on the north side of Ohio 82, across from SouthPark Mall.

 

However, Somera Road Inc. first needs City Council to rezone part of the 8.5-acre site into a district that would allow stores and restaurants. Now, only offices are permitted there. Last week, council referred the rezoning to the city's Planning Commission.

 

"The entire property is only financially feasible with a retail component," Somera said in its rezoning application. The firm said it would "take steps to minimize impact" on the surrounding area, which includes a subdivision to the north.

 

Somera's proposal comes as some council members, including Jim Carbone and Matt Schonhut, have expressed concerns about over-development. They said Strongsville has become a "concrete jungle," with recent construction of several new restaurants downtown, and that residents have complained about the look of the city and traffic congestion.

 

MORE:

http://www.cleveland.com/strongsville/index.ssf/2017/07/new_york_developer_proposes_si.html

I can't picture where this building is. Nobody is doing anything with the old Borders space there and that Christian book store just left. There's plenty of available already zoned retail space there, why are they doing this?

Nice to see city council people opposed to more retail development. Not nice to see its because they think Strongsville is too dense and city like lol

Such a great idea....As stores continue to close in that area, build more retail and make the backup on 71 even worse at that ramp.  People moved to Strongsville because they wanted suburban life, so now it becomes to congested, so they will move further away to recapture "suburban" life, and the cycle continues....

Such a great idea....As stores continue to close in that area, build more retail and make the backup on 71 even worse at that ramp.  People moved to Strongsville because they wanted suburban life, so now it becomes to congested, so they will move further away to recapture "suburban" life, and the cycle continues....

 

We Clevelanders love our sprawl.

Such a great idea....As stores continue to close in that area, build more retail and make the backup on 71 even worse at that ramp.  People moved to Strongsville because they wanted suburban life, so now it becomes to congested, so they will move further away to recapture "suburban" life, and the cycle continues....

 

We Clevelanders love our sprawl.

 

I'd suggest we in Cleveland don't even know what modern sprawl is... See:  Atlanta  Indianapolis, Columbus... Cleveland doesn't make the top 40 in sprawl on a list of cities like that. 

 

(Not are we anywhere near the top of the "our two seasons are winter and construction" list... Or anywhere near the worst "if you don't like the weather wait 5 mins..." locale. ..  cliches, all...)

Nice to see city council people opposed to more retail development. Not nice to see its because they think Strongsville is too dense and city like lol

 

Hardly surprising.  You should hear the township trustee elections in the borderlands suburbs between Cleveland and Akron LOL.  They pronounce "density" in the same tone some here pronounce "sprawl".