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New Outlet Mall(s) Planned for Central Ohio

Home Forums General Columbus Discussion Shopping New Outlet Mall(s) Planned for Central Ohio

Viewing 15 posts - 151 through 165 (of 185 total)
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  • #521618

    Eugene_C
    Participant

    Ned23 said:
    Why put the outlet mall way out there? What about that 90% empty mall in Dublin at 161 and sawmill?

    The current traffic infrastructure could not handle the added volume there. I think Westland Mall area, near the Casino is a much more viable location. There is plenty of land and space there and the Casino already makes it a destination area. They would probably need some public investment into the reconstruction, however, since it’s much more expensive to redevelop than simply paving over cornfields.

    The tourism slogan could be: “Hit the shops then hit the slots!”

    :)

    #521619

    InnerCore
    Participant

    Eugene_C said:
    I’m not sure which Dublin project you’re referring to. I was talking about the outlet malls way down by Jeffersonville, the northern part of which collapsed. They have about 500,000 square feet of retail space. That’s comparable to Westland Mall which has about 850,000 square feet of retail space in and around the mall.

    I was referring to the Dublin project just anounced on the front page. Ned23 was suggesting that it go somewhere near dubline and 161 which just isn’t feasible. And Westland would not be feasible either. The land value is just to high.

    Here is a listing for land near Westland Mall:
    http://www.loopnet.com/Attachments/3/7/7/377D3568-C3FE-432A-BC62-1C646B130DF8.pdf

    $2.5m for 9 acres comes out to be $277,778 per acre. So the 56 acres needed would be approximately $15.5 million.

    Simon is looking at purchasing the land in Sunbury for $60,000 an acre so the total price for land is about $3.4 million.

    The construction cost would be about $70 million so you’re looking at a $73.4 million projected compared to a $85.5 million project. But you’re not going to get more shopper from being located it the Westland mall location. Again most of the customers come one or two times a year.

    Eugene_C said:The Westland area has some potential for an outlet mall. Mom and the kids could buy school clothes while Grandma hits the slots at the Hollywood Casino.

    So to account for the increased cost (don’t forget higher taxes each year) you would have to get more than just the kids coming in for school clothes once a year. So in the end what you would need would be more of a traditional mall not an outlet mall.

    #521620
    Caleb
    Caleb
    Participant

    InnerCore said:

    The construction cost would be about $70 million so you’re looking at a $73.4 million projected compared to a $85.5 million project. But you’re not going to get more shopper from being located it the Westland mall location. Again most of the customers come one or two times a year.

    I disagree about the shoppers, if anything, you would get more shoppers being located a mile from a major interchange, the US 40 which is called the National Road for a reason, and because you have Hilliard, Grove City, Franklin Township, Prairie Township that doesn’t have really much destination shopping. An outlet mall could be sustained greatly. Not to mention that the casino attracts potential customers as well.

    #521621

    GCrites80s
    Participant

    In retail if the rent isn’t just right it’s just wrong.

    #521622

    InnerCore
    Participant

    CalebR said:
    I disagree about the shoppers, if anything, you would get more shoppers being located a mile from a major interchange, the US 40 which is called the National Road for a reason, and because you have Hilliard, Grove City, Franklin Township, Prairie Township that doesn’t have really much destination shopping. An outlet mall could be sustained greatly. Not to mention that the casino attracts potential customers as well.

    Outlet malls are draw from a much larger trade area. There’s no reason to talk about Hillard or Grover city. It’s a foregone conclusion that everyone in Franklin county is within driving distance. So then you start to look at the other counties that you want in the trade area. It’s clear they are going after the other counties to the northwest (Delaware, Licking, Morrow, etc.)

    You already have Jeffersonville to the southwest serving Franklin, Madison, Pickaway, etc.

    There are four proposals and NONE of them are close into the city. This is not by accident. You simply can’t build an outlet mall in a location like Westland Mall. Whetever you build that close in would have to function as traditional retail.

    #521623

    GCrites80s
    Participant

    Cheaper rent. Cheaper land. Cheaper property taxes. Cheaper earth moving. Cheaper everything out in the outlying counties. I can’t believe how much lower retail rents are in a city such as Lancaster for the same amount of foot traffic or even more… sometimes a lot more. Vacancies are a lot lower too in Lancaster; I suppose that’s related. In Columbus a high-vacancy center still has elevated rents since the landlords are always beating the “Residents in the surrounding area make a lot of money!” drum. Who cares if the residents make a lot of money if they don’t shop at that location?

    #521624

    Eugene_C
    Participant

    @InnerCore: You’re absolutely right about the cost disparity. It is much cheaper to build in rural areas. However, in this case you have a casino that changes the equation.

    A pretty good example to look at is the Outlets at Sands Bethlehem, in Bethlehem, PA. They had some help from the county port authority, and tax abatements, etc. but the Casino also fronted a big chunk of money because, well a.) they have money to burn, and b.) They saw it as a way to increase traffic to their video slots and get even more money to burn. As far as I know it has been successful.

    In fact, I think the outlets by the Bethlehem Casino put another rural outlet mall not far away near Allentown out of business. So, it has been done on some level with success. It creates more of a resort area around the Casino, and wasn’t that kind of the pitch line when they sold us on the thing?

    #521625

    InnerCore
    Participant

    Eugene_C said:

    @InnerCore
    : You’re absolutely right about the cost disparity. It is much cheaper to build in rural areas. However, in this case you have a casino that changes the equation.

    A pretty good example to look at is the Outlets at Sands Bethlehem, in Bethlehem, PA. They had some help from the county port authority, and tax abatements, etc. but the Casino also fronted a big chunk of money because, well a.) they have money to burn, and b.) They saw it as a way to increase traffic to their video slots and get even more money to burn. As far as I know it has been successful.

    In fact, I think the outlets by the Bethlehem Casino put another rural outlet mall not far away near Allentown out of business. So, it has been done on some level with success. It creates more of a resort area around the Casino, and wasn’t that kind of the pitch line when they sold us on the thing?

    Bethlehem is 1 hour outside of Philly.

    #521626

    GCrites80s
    Participant

    How hilly is the area? Hilly areas deal with all kinds of location restrictions that we simply don’t have here, especially with very large developments.

    #521627

    News
    Participant

    Outlet Mall Proposal To Be Determined By Voters
    Monday November 4, 2013 6:03 PM
    UPDATED: Monday November 4, 2013 6:36 PM

    COLUMBUS, Ohio – On Tuesday voters in this rural community in central Ohio will decide whether to approve a proposed outlet mall. “I hope it can be halted because I think there are so many other things out there at that freeway that could add to this area and make people want to move up here,” said Berkshire Township trustee Rod Myers. “I don’t know why we can’t work together and develop the area so that everybody is happy.”

    READ MORE: http://www.10tv.com/content/stories/2013/11/04/delaware-outlet-mall-vote.html

    #521628

    SamuraiJack
    Participant

    Looks like it passed but not by much…

    #521629

    jbcmh81
    Participant

    Was either pass the zoning or be annexed. Either way, they were getting an outlet mall whether or not they wanted it, which wasn’t even the question on the ballot.

    #521630

    News
    Participant

    Nov 8, 2013, 11:03am EST
    Tanger, Simon plan summer start for outlet mall, pending final hurdles
    Brian R. Ball
    Staff reporter – Business First

    Retail developers Simon Property Group (NYSE:SPG) and Tanger Factory Outlet Centers Inc. (NYSE:SKT) have a bit more planning to do before breaking ground on their retail outlet center in Delaware County.

    READ MORE: http://www.bizjournals.com/columbus/blog/2013/11/tanger-simon-plan-summer-start-for.html

    #521631

    Anidem
    Participant

    Many who voted yes did so because of the threat of annexation and they wanted local control into how it’s to be developed and to keep the taxes in the township. Simon and Tangier were developers who were willing to work with the township and its residents.

    #521632

    News
    Participant

    Nov 20, 2013, 1:44pm EST
    Recount coming in outlet mall vote in Delaware County
    Brian R. Ball – Staff reporter – Business First

    Maybe the fat lady didn’t in fact sing in the Nov. 5 vote in Delaware County over the planned Tanger Factory Outlet Centers (NYSE:SKT) and Simon Property Group (NYSE:SPG) outlet center.

    READ MORE: http://www.bizjournals.com/columbus/news/2013/11/20/recount-coming-in-outlet-mall-vote-in.html

Viewing 15 posts - 151 through 165 (of 185 total)

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