by omaha79 » Mon Apr 03, 2017 4:27 pm
The death cycle of this mall is proceeding as I have forseen it. I said about a year ago, in another thread, that the next step was to lose an anchor store. Once that happens, it's all down hill from there. Thing is, they may be set to lose two anchor stores relatively soon. I wasn't thinking Dillards would be one of them, but if they go, Sears is likely soon to follow. After that, you'll see an acceleration of name brand stores in the mall closing only to be replaced by mom and pop startups (just like Crossroads of 20 years ago). Then, the theater will close. Soon after, the mom and pop stores will close as well until we are left with a big hulking dinosaur of a building.
This exact scenario has played out in the past at The Center, Southroads, and Crossroads. It's Oak Views turn. This will only be accelerated by new shopping dining options going in at the Boys Town Farm and 192nd and Dodge along with the general bleak retail environment.
I was never a big fan of Oak View, but you combine a bad retail environment, with a mall that doesn't have interstate access, management that doesn't care to invest in the property to keep it relevant, and a city that's overbuilt on developments, and this is what you get.
The death cycle of this mall is proceeding as I have forseen it. I said about a year ago, in another thread, that the next step was to lose an anchor store. Once that happens, it's all down hill from there. Thing is, they may be set to lose two anchor stores relatively soon. I wasn't thinking Dillards would be one of them, but if they go, Sears is likely soon to follow. After that, you'll see an acceleration of name brand stores in the mall closing only to be replaced by mom and pop startups (just like Crossroads of 20 years ago). Then, the theater will close. Soon after, the mom and pop stores will close as well until we are left with a big hulking dinosaur of a building.
This exact scenario has played out in the past at The Center, Southroads, and Crossroads. It's Oak Views turn. This will only be accelerated by new shopping dining options going in at the Boys Town Farm and 192nd and Dodge along with the general bleak retail environment.
I was never a big fan of Oak View, but you combine a bad retail environment, with a mall that doesn't have interstate access, management that doesn't care to invest in the property to keep it relevant, and a city that's overbuilt on developments, and this is what you get.