GGP is the biggest stumbling block to QSM.
I remember when the Tulsa Promenade was mostly vacant, Woodland Hills had become the big mall and Eastland Mall was shutting down.
GGP is the biggest stumbling block to QSM.
I remember when the Tulsa Promenade was mostly vacant, Woodland Hills had become the big mall and Eastland Mall was shutting down.
Noticed today that the Mongolian BBQ place is closed.
HuHot is indeed closed. Started off good, but has been going downhill since then. The reviews have been terrible. One of the last reviews, was about the owner getting mad about someone asking to put more chicken out when they were about to close early on New Years eve. The customer had just arrived. That's running a restaurant 101 if the doors are open and a customer comes in, you serve that customer until they leave. Given that they just closed this month, its clear the owner didn't have his heart in it anymore. I'm not sure which came first, the lack of customers or the deteriorating service.
When Tulsa Promenade was enclosed (a la Penn Square) in 1986, the mall across the street (Southroads) was on its last legs. Over the years, that space has been converted into a series of big box strip centers. IMO, that is why Promenade went downhill. As has been mentioned, people like parking near the door. That and the abysmal parking situation that wasn't really improved by adding the south parking garage.
Regis Hair Salon closed recently and Charlotte Russe and PayLess will be closing as well as part of full company shutdowns.
Have a feeling Gap will probably close soon since they announced more stores will close along with the Old Navy spin-off.
That was mostly a real estate decision. Old Navy owns many standalone stores, rents some. The Gap has very few owned standalone stores and is almost all-rent. It all depends on how flexible Brookfield (formerly GGP) will be with their leasing. The Gap says rentals (especially malls who expect bigger retailers to carry the dead weight) are pricing retailers out of business. Payless, for example, who started out with only standalone stores many years ago and then went mostly all-mall. Little did they know they were signing their entire company away. Family Dollar is the opposite. They wised up and began building their own stores some time back, fleeing strip centers. There are still many, but many of those will soon be closing. This rent/own is a huge deal right now. McDonald's predicted this many years ago when they refused to open any full-service McDonald's without owning the property. Needless to say, McDonald's is worth so much today because of not only their sales, but that prescient decision 50+ years ago which ultimately gave them a real estate empire.
I haven't seen this discussed anywhere, and I'm not real familiar with them, but I saw today that Round One (round1usa.com) is opening up a location in QSM (or at least, they have a coming soon location on their website for QSM). Bowling, arcade, and such. Anyone know any more about this, like what space they're moving into?
Maybe taking over the arcade area in the food court?
I'm willing to bet its not inside actual mall, but maybe old hobby lobby or toys r us space. Maybe even old hemispheres space.
All of their locations are inside of malls. I am sure Pete knows more.
Will be very interesting to see how they compete against Main Event.
Lots of empty spaces there I think. Maybe combine the old Mongolian BBQ place with some other space there?
It would have to be a corner like where Mongolian BBBQ.
Yeah, all the store fronts on the upper and lower level around that old Mongolian place are empty except for a beauty bar and an eyebrow place. If they have two story places I could see them going there, with maybe an option to add on and build out into the open maybe.
They could have a lot of space if Von Maur is moving out next year. Which could possibly happen, since it's had problems meeting sales thresholds in the past. They made some kind of sales tax deal with the mall owner's and haven't really succeeded in keeping their end of that deal.
They could easily compete with Main Event and possibly force Main Event to push for being more competitive. Round 1 drives in a lot of business because of the what it's known for. There just isn't anything like it in Oklahoma. It's a Japanese owned entertainment venue business bringing in a lot of imported games from Japan and exclusives you won't see anywhere else in the country. Plus their selection in things to do is much wider than what Main Event has to offer.
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