Crossroads Mall

[OKCNDN]

You guys know what is going to go in there so stop acting like something else will.

A massive "state-of-the-art", world-class......





....call center!!!!

That is mostly what OKC gets. Those and another national chain retailer.

[Platemaker]

The Lofts at Fecal Bluff

I spit out my Diet Coke... thanks.

[PLANSIT]

I spit out my Diet Coke... thanks.

Eh, now that I think about it, it's probably not that accurate.

How about:

The Brownstones at Walmart Shopping Bag Point

[okclee]

Crossroads Casino!!

[oustud7]

according to the store directory at shopcrossroadsmall.com there are now only 65 stores listed. BUT when you account for the fact that they include 9 listings of non-retail or out-of-mall business (fairfield inn, mall security, AMC theatres, HUGS project, Texas roadhouse, a second listing of one retail store) there are only 56 stores left. Some of those 56 are Kiosks. And only a handfull of those qualify as "traditional" or "national" mall stores - maybe about 17 by my count. Ouch.

[Soonerman]

according to the store directory at shopcrossroadsmall.com there are now only 65 stores listed. BUT when you account for the fact that they include 9 listings of non-retail or out-of-mall business (fairfield inn, mall security, AMC theatres, HUGS project, Texas roadhouse, a second listing of one retail store) there are only 56 stores left. Some of those 56 are Kiosks. And only a handfull of those qualify as "traditional" or "national" mall stores - maybe about 17 by my count. Ouch.

Thats sad. I think Hot Topic will be next to leave if they haven't already.

[Spartan]

NOW we're talking much more realistically about Crossroads. Much better. As for 29th in MWC, demographics still aren't impressive until you get east of Douglass BUT I think the visibility and access is a lot better not to mention proximity to a rail line that is legitimately happening soon. I like the Douglass Station proposal of yours.

By the way PLANSIT, what software are you using to make these awesome pseudo-proposals? If I had a million dollars to invest, or if I was looking for a development partner I would probably give you a call for certain.

[ljbab728]

I think the biggest problem with Crossroads is access, even though it's bordered by two major interstates, it's not the easiest place to get to, especially if your traveling through and not familiar with the area.

I shopped at Crossroads for many years from the time it opened and never found access to be a problem. Getting in and out has never been as time consuming as Quail Springs and not many just happen to be driving by a mall and say "I think I'll stop and shop for a while. How do I get there?"

[Thunder]

Yeah, access was never an issue. They're complaining that the mall can not be seen from the highway, which I believe is just crap talk. Look at Penn Square and Quail Spring, both of them is not being seen from the highway.

[PLANSIT]

NOW we're talking much more realistically about Crossroads. Much better. As for 29th in MWC, demographics still aren't impressive until you get east of Douglass BUT I think the visibility and access is a lot better not to mention proximity to a rail line that is legitimately happening soon. I like the Douglass Station proposal of yours.

By the way PLANSIT, what software are you using to make these awesome pseudo-proposals? If I had a million dollars to invest, or if I was looking for a development partner I would probably give you a call for certain.

ArcMap

[SoonerDave]

Okay, folks, from the leaves-you-scratching-your-head department rumor....

Friend of mine says that the folks at Sams Optical said Dillard's had made the decision to return to Crossroads, and that work on refurbishing the area they closed was underway. Story has it that Dillard's did not see an uptick in traffic in their northside locations following Crossroads' closure, and felt there was an opportunity to start over in that location. The same friend supposedly confirmed the rumor from someone else at the mall, under the "yeah, believe it or not, its true" category.

Now, beyond that little rumor, supposedly there are five new stores that are planning to go into Crossroads now that Dillard's is going back in as an anchor tenant.

I find the whole thing hard to believe, but hey, anything's possible. I count myself skeptical. Anyone heard anything about this?

[Kerry]

Sounds to me like someone is trying to sell something. If you were a national department store and you were going to open a new store in OKC, where would you do it? Crossroads would be so far down on that list it isn't even funny. I would take a chance on a downtown loaction long before I would take a chance on Crossroads.

[Thunder]

It is true and it surprised me. Mom was told by the Dillards in PSM that one is returning to Crossroads. I couldn't believe mom and said she must have misunderstood. Now it has been confirmed by SoonerDave and this is really exciting! Do you know the time frame Dillards will return? Is any of the 5 new stores at least one major retailer to take up the remaining 3 spaces?

[SoonerDave]

It is true and it surprised me. Mom was told by the Dillards in PSM that one is returning to Crossroads. I couldn't believe mom and said she must have misunderstood. Now it has been confirmed by SoonerDave and this is really exciting! Do you know the time frame Dillards will return? Is any of the 5 new stores at least one major retailer to take up the remaining 3 spaces?

Sorry, Thunder, I posted about as much as I know about it. I think the other stores were smaller tenants, not other anchors.

About the only thing I could guess is that Dillards got a sweetheart deal on a lease since the broader mall is more or less a distressed property these days. That said, an inflow of new $$ could turn its fortunes around. Wouldn't that be the irony of ironies?

I want to say the schedule was to open this fall, maybe even in time for Christmas, but I won't swear to that.

I'll ask them what more they know and post what I find out.

[Thunder]

That will be so awesome to open just in time before Christmas! I hope the mall is starting to somehow make it known everywhere that Dillards is coming back and hopefully attract more retailers to come back in time for the holidays.

Is a bank the owner of the mall now? I wonder if they will start the renovating all around inside and out rather than wait for the cash flow.

[Kerry]

So there we have it. A rumor from the Dillards at PSM confirming a rumor from Sam's Optical. Not saying it isn't true but I will hold my belief. The mall doesn't even have an owner. If anything, I bet it is a Dillards Outlet Store.

http://www.cbsnews.com/stories/2010/...n6757965.shtml

.(AP) OKLAHOMA CITY (AP) - A company that lost an Oklahoma City mall to the federal government in foreclosure said Monday it has hired a management firm to try and prevent the same fate for two other malls.

Midwest Mall Properties LLC of Little Rock, Ark., said Chicago-based Urban Retail Properties LLC would provide management and leasing services for the Northwest Arkansas Mall in Fayetteville, Ark., and The Citadel Mall in Colorado Springs, Colo.

Midwest Mall Properties bought the two malls, along with Crossroads Mall in Oklahoma City, in December 2006 for about $400 million. By April 2009, the company had lost the Oklahoma mall to foreclosure. Maiden Lane LLC, an entity of the Federal Reserve Bank in New York, ended up with Crossroads Mall after the failure of Bear Stearns Cos., which held the mortgage on the mall.

...

David Bohanon, the managing broker in the Oklahoma City office of Marcus and Millichap Real Estate Investment Services, said while enclosed malls "will never be obsolete in an area like Oklahoma City that has extreme weather conditions," that it might be time "to find a new use" for Crossroads Mall, although he doesn't know what that might be.

"From my observation, it will have a tough time ever getting back big national retail tenants," Bohanon said. "I don't know if they can make it catering to small local retailers."

[metro]

Yeah, I'll believe it when I see it. The Feds own it and correct me if I'm wrong, but didn't Dillards sell their space? I think the anchors independently owned their anchor spaces.

[SoonerDave]

Yeah, I'll believe it when I see it. The Feds own it and correct me if I'm wrong, but didn't Dillards sell their space? I think the anchors independently owned their anchor spaces.

Wards originally owned their space, but I think that arrangement was unique among the anchors. As I recall, that ownership issue was why Sears didn't move its 44th street (Sequoyah/Reding) store into Crossroads years ago when Wards failed....

[Pete]

According to the county assessor, Dillard's still owns their building and land at Crossroads.

[Thunder]

According to the county assessor, Dillard's still owns their building and land at Crossroads.

This is fantastic news!!!! There was someone on here sharing his vision for Crossroads that he had in his dreams about the future. It is slowly coming true!

[metro]

Guess they couldn't sell it.

[OKCisOK4me]

I don't understand why Thunder is getting over excited by a rumor. Like Metro, I'll believe it when I see it too!

[Bigrayok]

Someone mentioned in another discussion there may be some connection to the recent owners and Dillards. If you notice the LLC that just unloaded management of the mall and their other properties is located in Little Rock where Dillards is headquartered.

Bigray in Ok

[okclee]

Why does anything with crossroads mall get so many people excited around here? I must be missing something.

[Thunder]

Why does anything with crossroads mall get so many people excited around here? I must be missing something.

It is an iconic and historical mall. There is lots of love for Crossroads. In a few years, it will compete PSM.