• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Store closures and bankruptcies

Status
Not open for further replies.
Check it out, this strip mall has (had 😛):

Circuit City
Michael's (that lame fabric store)
Linens and Things
Bennigans
Dunkin Donuts
Panera Bread

Now it's dead. That is all.
 
DD, Panera, and Michael's are still open, that plaza is just dead now. And it's a pain to get into because of how much traffic there is around it.
 
Yeah there is one a few miles away that had Sports Authority and Circuit City plus a few small ones that went under.
 
When you drive through a blighted area what do you find? Old, abandoned shopping malls, plazas, strip malls and mini malls. The reason is, all of these shopping centers will eventually fail. All of them. The first five years or so after being built these places are booming! Clean, safe and convienent, people flock to them. Most of the time however as the facilities degrade so do the amount of shoppers. Often times neighborhoods where these places go up are cut in half or become blighted because the infrastructure can't stand the increased traffic. Eventually, all these places will fail and are destined to sit empty. Huge chain shopping is a very fickle business and more times than not neighboorhoods end up worse off after these mega chains come in and put all the small business out of business. This has happened in just about every area I have lived in my lifetime to some extent which is why I choose to live "down town" now where there aren't any huge tracts of land waiting to be turned into a Target, Wal-Mart or K-Mart mega center complete with 10-15 horrible chain restaurants and outlet stores.
 
New stuff keeps opening up around here in past few years. Nothing has closed yet, that I know about.

In past few years we've had: (in no order)

- 2 shoppers drug marts (we had one, but it moved to a new location)
- A&W (had one in the food court but this is an actual separate one with drive thru and all)
- Home depot
- Canadian tire (to replace an old one, with a store twice the size)
- Super Walmart (being built now, as an extension on the existing wal mart which is about 7 years old maybe)
- Futureshop (very recent)
- Micheal's
- Pennington (had one but it moved in same are as the home depot and Canadian tire)
- 2 more Tim Horton's (2008 only)

I think I may be missing something but thats what I can remember off the top of my head. This is in a city of 45k or so, so we're not talking like Toronto or anything where they have a new sky scraper like every month.
 
Originally posted by: iFX
When you drive through a blighted area what do you find? Old, abandoned shopping malls, plazas, strip malls and mini malls. The reason is, all of these shopping centers will eventually fail. All of them. The first five years or so after being built these places are booming! Clean, safe and convienent, people flock to them. Most of the time however as the facilities degrade so do the amount of shoppers. Often times neighborhoods where these places go up are cut in half or become blighted because the infrastructure can't stand the increased traffic. Eventually, all these places will fail and are destined to sit empty. Huge chain shopping is a very fickle business and more times than not neighboorhoods end up worse off after these mega chains come in and put all the small business out of business. This has happened in just about every area I have lived in my lifetime to some extent which is why I choose to live "down town" now where there aren't any huge tracts of land waiting to be turned into a Target, Wal-Mart or K-Mart mega center complete with 10-15 horrible chain restaurants and outlet stores.

The smarter municipalities are requiring that companies but out a bond/rust fund to be used for demolition. If the building has not been occupied for X months/years the city can use the money to demolish it. Very uselful with Walmart, Home Depot, and Lowes that build stand alone buildings that NOBODY wants.
 
Status
Not open for further replies.
Back
Top