urbanMSP

I hope Eden Prairie Mall takes a queue from Southdale and starts to develop the outlots with housing. The JCPenney at EP Mall is within a 1/2 mile walkshed of the Town Center light rail station.

JCP is also immediately next door to existing grocery in Target and across 78th from Cub.

Walking friendliness of Flying Cloud itself is still lacking to get to the Town Center Station, however.

JLL takes over management at Eden Prairie Center; Scheels opens next month
*UNLOCKED*

The Eden Prairie Center shopping mall is now managed by Jones Lang LaSalle Inc..

The Chicago-based firm announced earlier this month it will provide property management and leasing services for the 1.3 million-square-foot mall located near the intersection of I-494 and highway 212. JLL (NYSE: JLL) also manages Rosedale Center in Roseville.

Here's hoping they make plans to develop a large swath of the parking lots at EP Mall, like they're planning for Rosedale Center.

Does JLL have previous history owning malls and redeveloping them like that?

It sounds like it's not something they push for on every property, but if the property is working well and the area conditions are right, it's something they pursue.

https://www.insider-trends.com/leading- ... he-future/

There is such a car culture in the US that it’s going to take a big change before shopping centres really have to start thinking about reducing the amount of parking that they have.

That said, a lot of our shopping centres are looking at adding more mixed use and taking some of those big parking lots and putting apartment buildings or offices on them to try to turn the centre from just pure shopping to a whole live, work and play environment. That’s really happening at the kinds of shopping centres that are already attractive.

They'll probably only push if they can't find a suitable tenant for the JCPenney spot. The area around that (plus the back half of the Target lot) and the ramp outside of Von Maur are likely going to be the only significant empty swaths of parking lot left with Scheel's opening.

Does JLL have previous history owning malls and redeveloping them like that?

From a Google search, it seems they've been picking up a lot of big malls in the past few years, with comments about upgrading/remodeling them to not be "malls", but more community assets. I think that would be a great thing for EP Mall. With JCP exiting, they can do a lot with the land and make it more than just a mall with vast parking lots. EP is a very desirable place for many - and with the green line ending there - more housing around the mall and adjacent stations seems like a win/win for everyone.

The JC Penney store in the Eden Prairie Center is no longer on the list of stores to be closed by the retailer.

https://www.usatoday.com/story/money/20 ... 203417001/

Outside of regional demographics, not sure how that makes sense.

It's basically never been busy anytime I've needed to go to that specific Target or somewhere else in the north end of the mall.

Interesting about the EP Penney's store. I think they had already started their going-out-of-business sales - must be awkward to walk those back.

I remember when the Gordman's stores went out of business (the first time) with an everything-must-go sale, and then reopened less than a month later after being acquired by another company. Of course, now the ones that are left are closing again.

This WSJ article says that Macy's announced it's closure at Burnsville Center in May. Currently, the mall is in foreclosure.

https://www.wsj.com/articles/commercial ... 1601985600

If Macy's closes, the mall has Dick's Sporting Goods and JC Penney left as anchors. That doesn't offer a lot of confidence about the mall's future.

I haven't been able to find any other mention of that location closing, so I'm not sure where they're getting their information from in that article. I wouldn't treat it as definite without verification.

Having said that, yeah, the mall is in rough shape. Even if the Macy's thing isn't true, Sears is gone, as is Gordman's (again), leaving two anchors whose companies aren't doing well and only one that's in a good position at the moment (Dick's). Plus there are a lot of vacancies within the mall itself.

I looked for more info about the Macy's closing as well, but couldn't find anything.

It seems there's pretty strong demand for denser housing in Burnsville, so hopefully redevelopment can happen soon. The site looks like it was regraded when the mall was built and it's surrounded by wide roads, so there's definitely some challenges.

Burnsville Center’s owner proposing to subdivide into 9 parcels.

https://www.bizjournals.com/twincities/ ... -mall.html

Here's the document from next week's meeting of the city's Planning Commission:

https://burnsville.civicweb.net/documen ... 8338361DB2

Basically the property is being subdivided to facilitate redevelopment. Also, right-of-way is being dedicated for a future extension of Aldrich Ave to Buck Hill Road and for widening of CR 42.

There's a breakdown of the future of the lots being sold off. Notably, the SE Corner of 42/Aldrich is likely becoming a drive-thru restaurant. The lot north of the old Sears is likely to become a restaurant. The large parking lot south of the Sears is positioned as a future development.

On the re-invention plans for regional malls and how they are pivoting after Covid upturned things.

https://www.bizjournals.com/twincities/ ... malls.html

Northtown's Best Buy is becoming an outlet and Southtown's Bed Bath & Beyond is closing.

https://www.bizjournals.com/twincities/ ... tores.html

https://twitter.com/deveric/status/1638199847692951554

Walmart is closing their Brooklyn Center store on 4/21/23

If I recall correctly, that Walmart is only about 10 years old, replacing part of the Brookdale Mall footprint when that closed. I wonder if that means that location was performing especially poorly, since the capital investment was so recent and the property is presumably in good condition.

We are now down to only three Walmart's that are transit accessible with relatively frequent buses.

South St Paul, Bloomington and Fridley