Downtown macys closing (Houston: sale, real estate, 2013)

[Truth713]

Macy’s Announces It Will Close Downtown Houston Store » Swamplot: Houston's Real Estate Landscape.. Downtown Houston retail just can not catch a break

This creates a huge problem I think they are going to have a hard time sale that buliding its old and regarded by many as one of the ugliest in Downtown..

Dont expect it to be torn down ither this is Houston buliding sit for decades

[jek74]

Originally Posted by Truth713

Macy’s Announces It Will Close Downtown Houston Store » Swamplot: Houston's Real Estate Landscape.. Downtown Houston retail just can not catch a break

This is great news no? Finally they can make room for something more interesting. That building was a real eye sore to look at.

[dalparadise]

Originally Posted by jek74

This is great news no? Finally they can make room for something more interesting. That building was a real eye sore to look at.

No, it isn't. Losing an 800,000 square foot retailer in a district struggling to establish itself as viable in that category will have far-reaching negative effects on the ability to build any momentum for downtown living.

[deckhanddavy]

Originally Posted by jek74

This is great news no? Finally they can make room for something more interesting. That building was a real eye sore to look at.

This is one of the reasons why Houston has less of an identity compared to other older cities. I'd love for this building to stay up and remain a piece of our history. Instead, it's back to the old 'demolish and rebuild' BS.

It still has the original curved canopies over the escalator! How cool is that!?

[jek74]

Originally Posted by dalparadise

No, it isn't. Losing an 800,000 square foot retailer in a district struggling to establish itself as viable in that category will have far-reaching negative effects on the ability to build any momentum for downtown living.

They are not "losing" it. It will be replaced by something bigger and better. Yes I understand it's a piece of history, but they obviously are not closing it because it's printing money. They are closing it because people are in fact not shopping there enough. Let's hope something better replaces it.

[Truth713]

Originally Posted by dalparadise

No, it isn't. Losing an 800,000 square foot retailer in a district struggling to establish itself as viable in that category will have far-reaching negative effects on the ability to build any momentum for downtown living.

Pretty much this , you most be able to convince retail stores that a area is profitable before they are willing to set up shop.. with the pavillion struggling and now the largest store DT shutting it doors, this will scare off many retail owners

second it may have a back lash on the push for more residentecy as now you do not have any major retail in the area. Something that is a key sale points to people wanting to live downtown

[jek74]

Originally Posted by Truth713

Pretty much this , you most be able to convince retail stores that a area is profitable before they are willing to set up shop.. with the pavillion struggling and now the largest store DT shutting it doors, this will scare off many retail owners

second it may have a back lash on the push for more residentecy as now you do not have any major retail in the area. Something that is a key sale points to people wanting to live downtown

But it's not profitable. You guys are missing this point. Macy's did not close the store for giggles, they closed the store because it was NOT generating traffic. So what do you want to do, subsidize it? Use tax dollars to pay Macy's, a publicly traded company, to make up for lost revenue so they stay open? I mean what is the solution here. There is no doubt in my mind that space will be taken quickly. I think they should be a massive entertainment complex there with "some" shopping. Put in a huge gym, a coffee shop, a theater, something for kids and some retail outlets.

[Nairobi]

Originally Posted by jek74

They are not "losing" it. It will be replaced by something bigger and better. Yes I understand it's a piece of history, but they obviously are not closing it because it's printing money. They are closing it because people are in fact not shopping there enough. Let's hope something better replaces it.

That depends on what you mean by "replace". Quite frankly, I'm tired of things being torn down for something that only a select few think is "better". Maybe you want a brand new, shiny, and soulless Houston, but I don't.

[Truth713]

Originally Posted by jek74

But it's not profitable. You guys are missing this point. Macy's did not close the store for giggles, they closed the store because it was NOT generating traffic. So what do you want to do, subsidize it? Use tax dollars to pay Macy's, a publicly traded company, to make up for lost revenue so they stay open? I mean what is the solution here. There is no doubt in my mind that space will be taken quickly. I think they should be a massive entertainment complex there with "some" shopping. Put in a huge gym, a coffee shop, a theater, something for kids and some retail outlets.

re-read that is what I am saying it will be hard to convince people to set up shop in a area they think will fail or has poor foot traffic.. where are you getting anybody wants to bail out macys. Where stating the fact that from a sale points as fair as retail goes this hurts downtown . The pavillion is still struggling and now the biggest ancor is closing ..

I will give you this it location maybe its saving grace as its in a prime area,

[Truth713]

Originally Posted by Nairobi

That depends on what you mean by "replace". Quite frankly, I'm tired of things being torn down for something that only a select few think is "better". Maybe you want a brand new, shiny, and soulless Houston, but I don't.

I belive in restoring old building , but that building is a ugly abomination , its dated design makes it hard to move