totheskies Posted February 12, 2009 Share Posted February 12, 2009 (edited) This should have been expected - recession or not. These type of developments are not organic, and when implanted in areas where there is no real NEED (not want or desire) they always fail. The difference will be whether the management company will be smart enough to do like the Park Shops and rebound with parcels that cater to the downtown day-time crowd, eg. restaurants & service oriented businesses. Retail will suffer here until the residential element grows.From what I can tell, B-A-M is hanging in there... no crowds of people flocking to it, but they have been making some sales. I still maintain that even in its sucky and incomplete state, HP is a good move for Downtown. We have enough Convention business to warrant some form of RETAIL that stays open past 6pm. I'm really sorry to see Lidz and Journeys go, but this is an opportunity for HP to rethink its retail scheme, and try to lure some more suitable tenants. I'm happy that they took a chance and built this thing... at least we've got a glut of retail space in downtown now. They're going to have to rethink the look of it tho. HOB, B-A-M and XXI all benefit from having some street-facing signage, and I truly think this is what killed Lidz and Journeys. You literally don't know how to get to those stores, and no one is going to find them unless they walk the whole length of the complex. If HP wants consumers for the non-anchor stores, they're going to have to get to signs that reflect the store's location.BTW... it looks like Lucky Strike has postponed to Summer 09, and they've decreased the staff at Houston Pavilions. I hate job cuts!!! Edited February 12, 2009 by totheskies Link to comment Share on other sites More sharing options...
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