Bob Yancy said:
I would not have been in support of the Macy's purchase, but I understand why the prior council did it. What's happening to Post Oak Mall is happening all over the country. Public private partnerships are being used everywhere to repurpose malls. If you Google it you'll find no shortage of news to research it. Nothing to report now but stay tuned, there could be some novel uses announced in the not too distant future. There's a lot of varied interests reaching out.
Part of the problem (a big problem, really) is CBL's lack of interest in maintenance or coaxing interesting tenants in, and a good part of the 2000s was spent raising rents and driving long-term tenants, including higher-end, local establishments out. Stores like Scripture Haven and Taste of the Tropics are last of a kind.
The other problem is demographics and demand. There's no reason to redevelop the mall as an outdoor center if there's the same low-end apartments around it (most malls that
are redeveloped into high-end "districts" are in nice parts of town...otherwise it just gets torn down for Walmart and friends).
I think the city needs to step in and take a role in the mall. It bugs me how people here condemn the City of College Station for buying the Macy's building while Bryan engages in selling out parkland to developers.
I believe there are lease agreements for retail only in the mall (Don't quote me on that). It shouldn't just be repealed...I don't want to see anchor spaces leased by the university or some fly-by-night call center, but it needs something that's retail-adjacent (and integrated with the main mall).
agnerd said:
With amazon and online shopping proliferation, there's less capacity to support malls. Your mall has to be a destination, and usually with other attractions to drive the number and quality of buyers it takes to support a mall. Galleria in Houston is basically a tourist destination. Woodlands Mall has the waterway and concert venue across the street. Memorial City mall is surrounded by thousands of millionaires. You have to have lots of people nearby with very large expendable incomes to support the luxury clothes/shoe/handbag retailers that keep your mall looking nice.
Honestly, I think there's too much competition from Dallas, Houston and San Antonio/Austin to support a mall and multiple major department stores long term. Not enough trophy wives in Range Rovers that will drop $1000 without even thinking about it.
Even from the start, Post Oak Mall was advertised to shop local as opposed to going to Houston for retail. Granted, the Cypress outlet mall was still about 25 years away.