Quote:
Originally Posted by iamrobk
I don't think the Bloomingdales Outlet in Liberty Place does that well (though even pre-COVID I don't think anywhere in Liberty Place does that great and I believe one of the major retailors will be leaving soon) so I'd be surprised to see them open a full store, even assuming they were able to find the right building for it. That said, the Macy's and Nordstrom Rack do great, so maybe that's more of an indictment of Liberty Place than anything else. (As an aside, I don't think it's quite large enough for a full-sized department store, but the Walgreens space at Broad and Chestnut would be a great location for something like a Saks off Fifth, IMO.)
Yeah, it's a nice get for us (though somewhat overdue).
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Yea space is a big issue for a full department stores, I can't think of anywhere that has ~100k square feet of retail space. Maybe the Walgreens on Broad if they expanded up another floor or into the basement. Or potentially the entirety of the Cheesecake Factory Building on Walnut. There is of course several blank slate opportunities Eastern Market Street though.
I still find it odd how retailers don't seem to catch on in CC. For example, the Bloomingdales and Nordstrom in KoP are among the top stores in their entire portfolio (earnings per SF). I know there is more money there, but why do we think full line stores wouldn't last in CC? Is it the risk? Rent? slower sales? Lack of interest?
Also, not to make this all about retail, but I was sad to see Michael's didn't take over the AC Moore space on Broad. That would have been a nice addition to Broad.
And agree, Philadelphia is long overdue for an Equinox. I heard in the rumor vine the brand is also scoping out space on The Main Line and SJ. That could be 3 locations in the next few years...