Architecture, Development, and Infrastructure of the Twin Cities
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FWIW, someone told me they overheard a Mercado employee saying that it'll be apartments. No idea how large or if it'll include mixed use.Any rumors on what's going on just north of Cinco De Mayo Mercado on Nicollet Ave?
I've thought the old JB Hudson entrance would have made perfect sense for a lobby. keep the elevators out of the main selling floor circulation. When you say 4 floor, I'll take that to mean basement thru 3, as that would give an extra floor for office space in the building above. They will be able to renovate around the new Office section elevators and downsize and reprogram their space to better utilize the current market. If Macy's had closed, I'm sure Nordstrom's would have taken a deal like this one for part of the building for a DT store. The DT retail will return, how big and what for new real space is up in the air. I'd hope the city would take some steeps to make in a better likelihood.Random note, I guess this belongs in rumors because it is a rumor! I heard from someone with contacts at Macy's downtown that managers are being told the building will be sold, and Macy's will lease back 4 floors and renovate. Supposedly to be announced very soon. Hope that is true, as I have been convinced they will close lately. This source said that somehow the old Hudson's would be used for a new entrance for the other portion of the building, and that the 8th floor auditorium would also remain part of the lease. I know the person has legit connections to Macy's store managers, and follows this sort of thing closely...but who knows if they would even be in the know. Just sayin...In case it actually is announced I can say I knew! lol
Really hope it is true...as I have been thinking this store would have the same fate as the Pittsburgh store....
Congrats on posting the rumor here before it become public!Random note, I guess this belongs in rumors because it is a rumor! I heard from someone with contacts at Macy's downtown that managers are being told the building will be sold, and Macy's will lease back 4 floors and renovate. Supposedly to be announced very soon. Hope that is true, as I have been convinced they will close lately. This source said that somehow the old Hudson's would be used for a new entrance for the other portion of the building, and that the 8th floor auditorium would also remain part of the lease. I know the person has legit connections to Macy's store managers, and follows this sort of thing closely...but who knows if they would even be in the know. Just sayin...In case it actually is announced I can say I knew! lol
Really hope it is true...as I have been thinking this store would have the same fate as the Pittsburgh store....
They have several big and small building which would hold a lot of square footage. Will definitely have to be redeveloped piece meal as the square footage would be a very large under taking, as well as monetarily it would be a big pill to swallow in one chunk. Best thing is the buildings are separate with manageable sizes, though a few are quite big under taking when they get to them. If they are smart, some with go office and other better suited will be residential. Some of those larger buildings would make great office space for the Creative and Technology companies that want an interesting space.I'm not sure if this is common knowledge or not, but I hear Duffey Paper is moving selling several buildings in the North Loop.
With the amount of foot traffic they get, you'd hope they would think first about ways to improve before thinking about closing, if it's a poor performer.Regarding Macy's...this still makes me nervous...even though it is not what I heard about the downtown store. And the recent articles seemed to confirm the store would remain... still nervous.
http://www.reuters.com/article/2015/09/ ... KQ20150908
As I've said before, Nordstrom's would like an opportunity to make a go of it downtown. The difference between Macy''s and Nordstrom's is called pure customer service. If Macy''s is not making it, it has to due to perceived customer service. It is part of why Van Muar in EP is still around and looking to possibly expand into Rosedale. Customers will shop where they get the most perceived value. Whether that value is monetary or customer service is up to said customer.With the amount of foot traffic they get, you'd hope they would think first about ways to improve before thinking about closing, if it's a poor performer.Regarding Macy's...this still makes me nervous...even though it is not what I heard about the downtown store. And the recent articles seemed to confirm the store would remain... still nervous.
http://www.reuters.com/article/2015/09/ ... KQ20150908