Quote:
Originally Posted by pdxtex
Nordstrom is kind of the canary in the coal mine to me. If you had a Nordstrom in your neighborhood and it went out of business, that's bad news.
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Well, in most cases I could see that being true, but I'm not sure about the situation in Stonestown. The vacated space is being taken up by Whole Foods, Target, Sports Basement, and an 11-screen cineplex. Developers are even considering constructing
housing and a YMCA on their 40-acre property. I guess it's a 'dying mall' in the sense that it's morphing out of the old 'mall' model, but the land is worth so much that it won't be allowed to lie fallow. I would hope that's the case for other urban malls.
Retail has just changed in recent years, and that is especially true in San Francisco. Why trundle out to Stonestown or down to Union Square and drag your purchases home on the train, when you can have the same Nordstrom merchandise delivered to your home?