Quote:
Originally Posted by thegoatman
Wonder why Oak St. is doing great and booming meanwhile michigan ave is still languishing behind?
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It’s the department store format.
A lot of really old brands that you can find in any mall in the U.S., and spaces too large for new boutique stores to fit comfortably in.
Michigan Ave. has more than enough foot traffic to be doing great if any of the products were remotely interesting to actually go inside.
The eternal lines outside the Starbucks tell us exactly what the real demand is.
These property owners need to bite the bullet and redevelop the ground floors. Or even replace entire buildings.