Downtown St. Pete and Midtown have been seen as deserving special treatment but the Tyrone retail area has been left to languish on its own.
St. Petersburg, Fl
The closing and demolition of the Sears store at the Tyrone
Mall may be a harbinger of things to come. The Tyrone Mall is probably just one
more anchor store leaving away from major disaster.
From Keery Close, Money , A Third of
American Malls Will Close Soon:
"About
one-third of malls in the U.S. will shut their doors in the coming years, retail analyst Jan Kniffen told CNBC Thursday.
His prediction comes in the wake of Macy’s reporting its worst consecutive
same-store sales decline since the financial crisis.
Macy’s and its fellow retailers in American
malls are challenged by an oversupply of retail space as customers migrate
toward online shopping, as well as fast fashion retailers like H&M and
off-price stores such as T.J. Maxx. As
a result, about 400 of the country’s 1,100 enclosed malls will fail in the
upcoming years. Of those that remain, he predicts that
about 250 will
thrive and
the rest will continue to struggle."
For more see from Tyler Durden of the Zero Hedge A
Third Of All Shopping Malls Are Projected To Close As 'Space Available' Signs
Go Up All Over America.
From Mike
Timmerman, CLARK, Retail
Alert: This Major Electronics Retailer is closing more than 1,000 Stores. Included
in the Timmerman list: PayLess Shoes 512 stores, Rue 21 400 stores, JC Penny
138 stores, Macys 68 stores, Crocs 160 stores, The Limited 250 stores, and Wet
Seal 171 stores.
Will any of this
affect Tyrone Mall? Some already have.
Will this redevelopment
save the Tyrone Mall – unlikely?
There are other
signs the Tyrone Mall may be in trouble. See Times Staff, Tampa Bay Times, Owner
of Tyrone Square Mall suing Pinellas County over property taxes
As the article indicates disputes between Malls and Property
Appraisers are not uncommon, but this could be an early indication of the
declining value of the Tyrone property as a retail mall.
Down town St.
Pete and Midtown have long been on the City's radar as deserving special
treatment but the Tyrone retail area has been left to languish on its own.
There have been
some-odd decisions at the Tyrone Mall
property, including adding a detached movie theater which produces little if
any foot traffic in the Mall, and now the decision to demolish the attached Sears
store replace it with a Dicks sporting goods and a detached small strip of stores.
This makes the Tyrone mall sort of a hybrid, with enclosed Mall and detached shopping
not a mix you commonly see.
Justine
Griffin, Tampa Bay Times Staff Writer, Developer
wants Sears out, Dick's Sporting Goods and Lucky's Market in at Tyrone Square
Mall
When Rick
Kriseman was running for Mayor, he promised to look west past 16th
Street and work with all of St. Petersburg. So far, that has not happened.
The City should
not take a wait and see attitude. Intervention early can make the changes, whatever
they may be easier and compatible with the surrounding community.
City Council
and especially Charlie Gerdes needs to put the Tyrone retail district front and
center and begin to develop an economic redevelopment plan, before the Mall
craters and becomes a blight and crime problem.
E-mail
Doc at mail to:
dr.gwebb@yahoo.com or send me a Facebook (E. Eugene Webb) Friend request. Please
comment below, be sure to Like or share on Facebook and follow me on
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Doc's Photo Gallery at Bay Post
Photos
Disclosures:
Contributor to Rick Baker for Mayor Campaign
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