Reply to Lord and Taylor space in Friendship Heights

Forum Index » Real Estate

Reply to "Lord and Taylor space in Friendship Heights"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Everything in that area dies.  [/quote]

Yep, they tried to revitalized that area with the high end shops but man, what a dud that was.  FH is where retail goes to die for some reason.[/quote]

It was the wrong kind of high end: way too flashy.  The older department stores, Brooks Brothers, Tiffany’s and Saks Jandal all did quite well there.  Post-Covid though, could be a serious hit. [/quote]

FH was not good for retail because the area was poorly planned. You have a mall like Mazza that has a Neiman Marcus right next to a McDonald's and TJ Maxx that features a decrepit garage, for example. Moreover, what's the purpose of sticking all these department stores across major roads and sticking Saks so far from Neiman Marcus? The area doesn't have a consistent character and these department stores are across busy streets and far enough apart to not entice people to walk around the neighborhood.

[b]These high-end department stores would get more business if they were in a place like the White Flint Mall site, especially if it was paired with high-end boutiques[/b] and restaurants in an open air Pike and Rose concept, with luxury apartments, condos and hotels thrown in, not to mention a much nicer garage. It would entice people to spend hours there and the residences would create a built-in client base as well.

If you had all of the property of Mazza and these department stores in a developers hands, and threw in the Geico headquarters as well, you could have a really nice development. And you wouldn't need tax incentives to do so. Developers are probably chomping at the bit to put $2-$3 million townhomes in the area and high rise condos at the Saks location since it doesn't have to deal with the height restrictions like in DC. [/quote]

That's Tyson's Galleria (but not the open air part). Pike and Rose is a nice concept but the stores are kind of underwhelming.[/quote]

Enclosed malls are a dying breed. Places like Pike and Rose and the Mosaic District are the future. There's no reason you can't create a high end version of Pike and Rose with three department stores anchoring the property (Saks, Bloomingdales, Neiman Marcus) like they used Target to anchor the Mosaic District.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics