Westroads Development

West Omaha, Sarpy and Nebraska metro counties.

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debradomayer
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Re: Westroads Development

Postby debradomayer » Fri Mar 03, 2017 12:15 am

According to mall management "something" is going in up there, but were tight lipped as to what. That usually means nothing is signed yet. I do know that a "snack" shop that will sell candy, pop & other things is due to open near the food hall soon.

bbinks
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Re: Westroads Development

Postby bbinks » Fri Mar 03, 2017 9:09 am

plaidguy wrote:Looks like Aunt Annie's is moving to a permanent kiosk on the first floor in the center of the mall where Microsoft was. Perfume store has also moved to another bay, meaning all four bays on the second floor near Younker's will be empty. Wonder if someone is moving in to take the whole space since they relocated two businesses?



Random question... When a merchant is relocated, who pays for said remodel and relocation? I'm sure it was not cheap for whomever paid to move Raising Cane's. If a merchant wants a bigger space I'd see them paying, but a move at the malls discretion is another thing.

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iamjacobm
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Re: Westroads Development

Postby iamjacobm » Fri Mar 03, 2017 9:20 am

bbinks wrote:
plaidguy wrote:Looks like Aunt Annie's is moving to a permanent kiosk on the first floor in the center of the mall where Microsoft was. Perfume store has also moved to another bay, meaning all four bays on the second floor near Younker's will be empty. Wonder if someone is moving in to take the whole space since they relocated two businesses?



Random question... When a merchant is relocated, who pays for said remodel and relocation? I'm sure it was not cheap for whomever paid to move Raising Cane's. If a merchant wants a bigger space I'd see them paying, but a move at the malls discretion is another thing.


Usually owners of retail and office space offer a tenant build out allowance. They are negotiable and can range from paying 100% to a small portion of the cost.

debradomayer
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Re: Westroads Development

Postby debradomayer » Fri Mar 03, 2017 9:53 am

As an employee of a retailer that has been relocated 3 times in 13 years at Westroads, I can tell you that it is the retailer who pays for the relocation & remodel.

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HR Paperstacks
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Re: Westroads Development

Postby HR Paperstacks » Fri Mar 03, 2017 10:55 am

debradomayer wrote:As an employee of a retailer that has been relocated 3 times in 13 years at Westroads, I can tell you that it is the retailer who pays for the relocation & remodel.

Was it the retailer that wanted to move or the mall? If it's the latter, then that doesn't sound fair.

debradomayer
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Re: Westroads Development

Postby debradomayer » Fri Mar 03, 2017 11:13 am

It was the mall that needed us to move. First we were relocated for DSW, then it was House of Hoops & then it was for Rue 21. When H&M was coming in, they tried to move the Afternoon & the owner didn't like any of the spots open, so she closed. She was one of the original tenants when the mall opened in the late 60's. Pretty much, if the mall needs you to move, they'll offer different locations & it's up to the retailer if they want to take one of the spots or not. Frustrating & expensive, but we're getting people who never even knew we were in the mall. So that's a good thing!

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Brad
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Re: Westroads Development

Postby Brad » Fri Mar 03, 2017 11:21 am

That's crazy how it works in the Mall. From what I have seen elsewhere, the tenant usually gets some compensation. I have even heard of tenants getting a remodeling allowance when they renew their lease.
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debradomayer
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Re: Westroads Development

Postby debradomayer » Fri Mar 03, 2017 11:29 am

When we had a store at Mall of the Bluffs, they did give an allowance for remodel but there were trade offs, like a multi-year lease. That was back when GGP still owned it & the mall was in decline. Westroads doesn't do any of that as far as I know. They did do plumbing & electrical for H&M but I think that was a special circumstance.

bbinks
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Re: Westroads Development

Postby bbinks » Fri Mar 03, 2017 7:00 pm

debradomayer wrote:It was the mall that needed us to move. First we were relocated for DSW, then it was House of Hoops & then it was for Rue 21. When H&M was coming in, they tried to move the Afternoon & the owner didn't like any of the spots open, so she closed. She was one of the original tenants when the mall opened in the late 60's. Pretty much, if the mall needs you to move, they'll offer different locations & it's up to the retailer if they want to take one of the spots or not. Frustrating & expensive, but we're getting people who never even knew we were in the mall. So that's a good thing!



So if none of the open spots are good, what happens to the lease? There needs to be, some wiggle room in these forced move situations.

debradomayer
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Re: Westroads Development

Postby debradomayer » Fri Mar 03, 2017 7:19 pm

With our store, the moves were made when the lease expired & then the owners signed a new one for the new location. We've been lucky that all of the spaces have been good in size and with one exception, good exposure and location. The mall usually waits until leases are up before they move stores around.


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