Is this Lord and Taylor's most profitable store or what? That is just bizarre. |
No both parties are being babies. |
| That store never has more than a few cars in the lot and I'd imagine several of them belong to the employees. |
This. What is in it for L&T at this point? |
| Maybe they’re hoping it will all be redeveloped around them and increase foot traffic to the store. Or perhaps holding out for some big payout from Lerner to leave. |
Almost certainly the payout. They get to stay there for another 50 years. |
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Lord and Taylor has a signed lease and says they want to stay (they really want a huge payout and a piece of the new development). The Lerners got everyone else to leave and would really like to redevelop the whole property but know Lord and Taylor will make things as difficult as possible (e.g., go to court daily because the noise, dust, traffic violate their written lease).
This is a rare instance where the Maryland state and Montgomery county governments are not the obstacles holding up a project. |
| The lamest game of chicken |
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It's so over-the-top ridiculous. Just how much cash will it take to make L&T leave? And will the payout be so egregious that it makes whatever new development not economically feasible?
Meanwhile, NoVA is like, "Hey Amazon, you need us to bulldoze any buildings for ya? Or can we just turn these towers over to you as is?" |
| The L&T at White Flint is actually awful, which makes the whole thing even worse. It's mostly sale merchandise and feels like it's either on the verge of a "going-out-of-business" sale or some kind of outlet. Bad lighting, few salespeople, clothes all last season or looking a little grungy. I'm not offended by bargain shopping, but if the store is going to insist on remaining open, why not make it an appealing place to shop? |
| Based on the previous posts it doesn’t sound like L&T cares about the performance of the store, they’re just keeping it open out of spite. |
| IMO if Lerner had offered them a proper buyout for their million-year lease they would have gone and still could go. |
Amazon wanted an airport and the pentagon, MoCo never had a shot. |
I agree 100%. It is so bizarre. And I hate parking in the garage there as it feels like a place you'll get mugged for sure. |
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