I has almost been 2 years.

What in the hell is going on over there?

Uh, it is majority occupied.

You are dum Wrote:
-------------------------------------------------------
> Uh, it is majority occupied.

No. Still very empty.

I am talking about reaching near 100%

­



Edited 1 time(s). Last edit at 10/31/2016 05:16PM by chuckhoffmann.

So all of the red represents vacancies? Lower level must feel like a ghost town.

https://www.amazon.com/


+ Prime

/thread

johnny ringo Wrote:
-------------------------------------------------------
> So all of the red represents vacancies? Lower
> level must feel like a ghost town.

Actually, both levels feel like a ghost town.

chuckhoffmann Wrote:
-------------------------------------------------------
> Anything more than a 10% vacancy rate means a mall
> is doing poorly.
>
> If my check is accurate, STC has:
>
> 20 vacant spaces on the upper level.
> 23 vacant spaces on the lower level.
>
> Honestly, that seems like a lot of vacancies for a
> mall that's doing well.
>
> Anyone who wants to count can figure out what
> STC's vacancy rate is.

I am no Ashkenazi, but 46 vacancies is not good.

Not good business.

What does the rent run at one of those small shops?

With those levels of vacancies If we can get a space for under $3k per month I would setup a FFXU hangout spot

xTpxM Wrote:
-------------------------------------------------------
> You are dum Wrote:
> --------------------------------------------------
> -----
> > Uh, it is majority occupied.
>
> No. Still very empty.
>
> I am talking about reaching near 100%

'Majority' means anything over 50%, dumbass.

What is the vacancy rate at Tysons?

helooooooo Wrote:
-------------------------------------------------------
> xTpxM Wrote:
> --------------------------------------------------
> -----
> > You are dum Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Uh, it is majority occupied.
> >
> > No. Still very empty.
> >
> > I am talking about reaching near 100%
>
> 'Majority' means anything over 50%, dumbass.

No it doesn't.

jGCHm Wrote:
-------------------------------------------------------
> helooooooo Wrote:
> --------------------------------------------------
> -----
> > xTpxM Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > You are dum Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > Uh, it is majority occupied.
> > >
> > > No. Still very empty.
> > >
> > > I am talking about reaching near 100%
> >
> > 'Majority' means anything over 50%, dumbass.
>
> No it doesn't.

That is actually the definition of majority.

fgs7U Wrote:
-------------------------------------------------------
> jGCHm Wrote:
> --------------------------------------------------
> -----
> > helooooooo Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > xTpxM Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > You are dum Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > Uh, it is majority occupied.
> > > >
> > > > No. Still very empty.
> > > >
> > > > I am talking about reaching near 100%
> > >
> > > 'Majority' means anything over 50%, dumbass.
> >
> > No it doesn't.
>
> That is actually the definition of majority.

But the majority is not even close to being filled.

There are 46 empty spaces.

46 nigga.

That's a lot of empty space nigga.

JMPtm Wrote:
-------------------------------------------------------
> fgs7U Wrote:
> --------------------------------------------------
> -----
> > jGCHm Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > helooooooo Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > xTpxM Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > You are dum Wrote:
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > > -----
> > > > > > Uh, it is majority occupied.
> > > > >
> > > > > No. Still very empty.
> > > > >
> > > > > I am talking about reaching near 100%
> > > >
> > > > 'Majority' means anything over 50%,
> dumbass.
> > >
> > > No it doesn't.
> >
> > That is actually the definition of majority.
>
> But the majority is not even close to being
> filled.
>
> There are 46 empty spaces.
>
> 46 nigga.
>
> That's a lot of empty space nigga.

Yes, 46. Out of how many? Work with me here people. Unless there are less than 92 total spaces available for retail, then the majority are NOT empty, FCPS grads.

its empty because of the people that "shop" there.

nigs from MD, mud people, foreigners, etc.

Someone is there because the lot by restaurant row is completely full every night.

­



Edited 1 time(s). Last edit at 10/31/2016 05:17PM by chuckhoffmann.

Since the restaurants are doing so well, they may want to change the idea of a shopping mall / towne center to the ultimate restaurant Bar Row ... but I coubt code would allow for that.

Dave and Busters there is VERY nice. Haven't tried out the Yard House .. but I bet it is just as noisy as D and B.

The movie theatre is nice with the luxury leather recliners and movable table tops.

I wonder if the socio-economic demographic near STC doesn't match very well with what STC offers.

I imagine it is all about saturation of the market. There are only so many GAP stores NOVA can support. What store can they put in there that doesn't already exist 20 min away?

I'm sorry, I was just processing my weekly Amazon order which gets delivered right to my house...

What is Springfield Town Center?

The only things you need now are,

Movie theaters
Restaurants/ Coffee Shops
Gym
Grocery Store


anything else you can get on Amazon/Ebay

Joey joe joe Wrote:
-------------------------------------------------------
> Someone is there because the lot by restaurant row
> is completely full every night.


That's about the only thing that is busy along with the theater. Go inside the mall and it and the rest of the stores are dead. Even the anchors like Target, Macy's and Dicks. JCP goes without saying. That's been dead for decades. Most of the activity at the smaller stores are people working there standing in the doorways talking to other people who work there in neighboring stores. The few members of the cleaning crew comprise a large percentage of the people you'll see in the central mall.

chuckhoffmann Wrote:
-------------------------------------------------------
> Springfield Town Center is 86.9% occupied,
> according to PRIET's own leasing page.
>
> By the definition I gave above, this means the
> mall is not doing well.
>
> https://www.preit.com/properties/mall-portfolio/sp
> ringfield-town-center/


Keyword: By the definition you give it isn't.
Revenue is the key to success not occupancy. Go back and look at the average sales.
Also the Preit map is inaccurate. There is an Off 5th Saks going in next to the food court to open this year.

It's clearly doing well for this phase. It isn't a finished project. The parking lot by the restaurants will be converted into a mixed-use structure with more retail/dining, parking garage, and residential/office space.

Article that uses Springfield as an example of adapting.
http://www.jllrealviews.com/places/six-ways-american-malls-adapting-times/

https://newrepublic.com/article/121203/american-malls-are-changing-their-look-and-their-tactics
http://www.latimes.com/business/la-fi-retail-vacancies-20160922-snap-story.html

mosaic is better Wrote:
-------------------------------------------------------
> The only things you need now are,
>
> Movie theaters
> Restaurants/ Coffee Shops
> Gym
> Grocery Store
>
>
> anything else you can get on Amazon/Ebay

Springfield Town Center meets all the needs but grocery store.

Joey joe joe Wrote:
-------------------------------------------------------
> Someone is there because the lot by restaurant row
> is completely full every night.

Metrorail commuters park there for FREE parking.

HhPKe Wrote:
-------------------------------------------------------
> Joey joe joe Wrote:
> --------------------------------------------------
> -----
> > Someone is there because the lot by restaurant
> row
> > is completely full every night.
>
> Metrorail commuters park there for FREE parking.


They must like exercise, because the restaurants are on the opposite side of Metro.
Making it a couple miles from the trains.

­



Edited 2 time(s). Last edit at 10/31/2016 05:18PM by chuckhoffmann.

Financially the mall owner is probably doing fine because of the anchor stores, movie theater and restaurants. All the small stores probably don't generate a significant share of the total rent so it looks bad to have empty stores but isn't really hurting them too much financially.

Niggers, mudslimes, and spics...that's why.

­



Edited 1 time(s). Last edit at 10/31/2016 05:19PM by chuckhoffmann.

Stroker Ace Wrote:
-------------------------------------------------------
> Financially the mall owner is probably doing fine
> because of the anchor stores, movie theater and
> restaurants. All the small stores probably don't
> generate a significant share of the total rent so
> it looks bad to have empty stores but isn't really
> hurting them too much financially.

Only a TRUE hillbilly from richmond or WV would want to see a part of Fairfax County fail. Of course the mall is diverse JUST like pentagon city mall and Landmark mall are diverse. Tysons is a middle east haven as well so IDK where all the hate for Springfield is coming from?

Yeah the restaurants are busy, but they don't bring the customers to the mall to shop. I work at a national clothing store at STC. Our store will be closing after the Holidays because we haven't met our sales target since we opened in 2014. I have friends who work at two other stores that will also be closing after the Holidays. Sucks coz now I got to find another job! Rumor is Macy's will be closing in 2017...

chuckhoffmann Wrote:
-------------------------------------------------------
> Stupid topic is stupid Wrote:
> --------------------------------------------------
> -----
> > Keyword: By the definition you give it
> > isn't.
> > Revenue is the key to success not occupancy. Go
> > back and look at the average sales.
> > Also the Preit map is inaccurate. There is an
> Off
> > 5th Saks going in next to the food court to
> open
> > this year.
>
> The definition I gave is in line with the real
> estate industry standard, which varies from 90-93%
> occupancy.
>
> Also, STC sales per square foot is $507, which is
> not terrible for most areas of the country, but
> misses their projections of $525 PSF and pales in
> comparison with, for example, the $851 PSF Tysons
> Corner did in 2015.

LOL! So now it's a failure because it isn't Tysons!
Bullshit!!!

You also don't need 'real estate industry standard' to know occupancy is hardly a sign of success.

You just need common sense.
What is more successful?
A mall with 100% occupancy that generates $1 million revenue?
Or the same mall with 70% occupancy that generates $2 million revenue?

You can have your 100% occupancy all day.
I'll take the money.

When there is an Apple Store in a mall such as Tyson is PSF calculated fairly??

STC Worker Wrote:
-------------------------------------------------------
> Yeah the restaurants are busy, but they don't
> bring the customers to the mall to shop. I work
> at a national clothing store at STC. Our store
> will be closing after the Holidays because we
> haven't met our sales target since we opened in
> 2014. I have friends who work at two other stores
> that will also be closing after the Holidays.
> Sucks coz now I got to find another job! Rumor is
> Macy's will be closing in 2017...

More bullshit.
You're anonymous. Name the 'national clothing store' and 'two other stores'.

Macy's and JC Penney own their stores. That's why they stayed in place and opened during the renovation.
If Macy's was to pull the plug they would've done it already. With redevelopment of STC and Landmark they could've easily sold one or both locations. Instead they're playing the long game and staying open during the transitions.

Simple really. Invest all of that $ into an old mall and you get a new and shiny mall. Problem is, it is still surrounded by a shit hole ghetto area no matter what.

4ceVP Wrote:
-------------------------------------------------------
> Simple really. Invest all of that $ into an old
> mall and you get a new and shiny mall. Problem is,
> it is still surrounded by a shit hole ghetto area
> no matter what.


What are you talking about? Kingstowne and franconia are 1 minute away. They are ghetto? Hmm you are a troll with hairs on your ass.

Stupid topic is stupid Wrote:
-------------------------------------------------------
> STC Worker Wrote:
> --------------------------------------------------
> -----
> > Yeah the restaurants are busy, but they don't
> > bring the customers to the mall to shop. I
> work
> > at a national clothing store at STC. Our store
> > will be closing after the Holidays because we
> > haven't met our sales target since we opened in
> > 2014. I have friends who work at two other
> stores
> > that will also be closing after the Holidays.
> > Sucks coz now I got to find another job! Rumor
> is
> > Macy's will be closing in 2017...
>
> More bullshit.
> You're anonymous. Name the 'national clothing
> store' and 'two other stores'.
>
> Macy's and JC Penney own their stores. That's why
> they stayed in place and opened during the
> renovation.
> If Macy's was to pull the plug they would've done
> it already. With redevelopment of STC and Landmark
> they could've easily sold one or both locations.
> Instead they're playing the long game and staying
> open during the transitions.

Exactly! who are these so called "fairfax" residents hating on a city in their own county?

too much retail. 15% vacancy is pretty bad for retail. Retail usually does much better than office in this area. There are lots of problems with STC. First is parking - not enough. They should have added a deck. Second is attractions inside the mall - nothing, so why bother going in. The main draw are the restaurants and they are all on the perimeter.

The theater is very good but the area immediately outside the theater is desolate. They could have created an area like Tysons where there are vibrant restaurants that utilize the inside of the mall to energize it. But alas no. The big box stores are best accessed from the parking lots so again no need to go into the mall per se. Simply too much space without enough demand nor any draw to move inside the mall.


Also what happened to all the plans to create a 'Town Center' with residential units? Its the same old mall with some good places to eat added.

The mall sucks

Springfield is a high crime ghetto and people with money avoid places they're likely to get mugged and robbed.

It's because they slapped lipstick on a pig. They dressed up a mall, renamed it a "town center" and tried to convince people that it is more than a mall. People don't enjoy shopping in enclosed malls anymore, and don't consider them must-go destinations. They should have torn the whole thing down and started over.

The turn from Loisdale into the mall can take 10 minutes in itself.

STC Worker Wrote:
-------------------------------------------------------
> Rumor is Macy's will be closing in 2017...


Indeed, rumors ...
Macy's is staying at the Town Center.
They sold the Tyson's Galleria spot and are on a short-term leaseback until developers redesign.
http://www.costar.com/News/Article/Macys-Sells-Five-Stores-to-GGP-Offers-Potential-Clues-to-Future-Store-Closures/186250

And to answer original question.
It is and has been at majority occupancy at 89%

Ranks 5th (out of the 25 malls) in sales average in PREIT's mall portfolio.
https://www.preit.com/properties/mall-portfolio/

It's doing well for this phase of development.

9VmCk Wrote:
-------------------------------------------------------
> STC Worker Wrote:
> --------------------------------------------------
> -----
> > Rumor is Macy's will be closing in 2017...
>
>
> Indeed, rumors ...
> Macy's is staying at the Town Center.
> They sold the Tyson's Galleria spot and are on a
> short-term leaseback until developers redesign.
> http://www.costar.com/News/Article/Macys-Sells-Fiv
> e-Stores-to-GGP-Offers-Potential-Clues-to-Future-S
> tore-Closures/186250
>
> And to answer original question.
> It is and has been at majority occupancy at 89%
>
> Ranks 5th (out of the 25 malls) in sales average
> in PREIT's mall portfolio.
> https://www.preit.com/properties/mall-portfolio/
>
> It's doing well for this phase of development.

Walk through the mall sometime. No way in hell is occupancy at 89%.

No negroids or spics on Amazon. No morons causing traffic either.

.... Wrote:
-------------------------------------------------------
> No negroids or spics on Amazon. No morons causing
> traffic either.


This +6,000,000

Voat Niggers Wrote:
-------------------------------------------------------
> .... Wrote:
> --------------------------------------------------
> -----
> > No negroids or spics on Amazon. No morons
> causing
> > traffic either.
>
>
> This +6,000,000


If it wasn't for work or food, I'd never have to leave my house.

Thankfully, going to work entails me riding 2 metro stops to Reagan for flights out, and food is a half block walk away.

.... Wrote:
-------------------------------------------------------
> Voat Niggers Wrote:
> --------------------------------------------------
> -----
> > .... Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > No negroids or spics on Amazon. No morons
> > causing
> > > traffic either.
> >
> >
> > This +6,000,000
>
>
> If it wasn't for work or food, I'd never have to
> leave my house.
>
> Thankfully, going to work entails me riding 2
> metro stops to Reagan for flights out, and food is
> a half block walk away.

Seriously, people...this is the American dream. This is how you do it and avoid all the problems.

This. Right Here. All Day. Wrote:
-------------------------------------------------------
> .... Wrote:
> --------------------------------------------------
> -----
> > Voat Niggers Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > .... Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > No negroids or spics on Amazon. No morons
> > > causing
> > > > traffic either.
> > >
> > >
> > > This +6,000,000
> >
> >
> > If it wasn't for work or food, I'd never have
> to
> > leave my house.
> >
> > Thankfully, going to work entails me riding 2
> > metro stops to Reagan for flights out, and food
> is
> > a half block walk away.
>
> Seriously, people...this is the American dream.
> This is how you do it and avoid all the problems.

Most people are dumb. The equate the American Dream to having a bunch of useless shit, that they work hard, not smart, for.

Lived in a shitbox in Annandale all through university. Worked my ass off. Made the right choices, got a great job. Paid cash for a townhouse in OT.

Every single day of those 4 years at university, sitting in the fucking traffic, I swore I'd be smarter than that.

Boom. Here I am. Not going to waste my time with the huddled masses.

Good for you. Shaadup. Shuttinup.

Move the stores near the food court into the vacant spots around the mall and get more fast food in those spaces. That food court should have at least 10-15 more "restaurants" to choose from.

When will Phase II begin?

­



Edited 1 time(s). Last edit at 03/23/2017 01:33AM by chuckhoffmann.

Dv Wrote:
-------------------------------------------------------
> Move the stores near the food court into the
> vacant spots around the mall and get more fast
> food in those spaces. That food court should have
> at least 10-15 more "restaurants" to choose from.


Yeah ... that's not how it works.
- Your lease is based on location.
- Who's going to pay for moving and construction of stores? The retailers won't.
- Even if the above obstacles weren't there. There is the size differences of the empty spots.
- The giant food court goes against the eventual 'town center' concept and trends in the way we eat. They want more like Nandos and &pizza side.

Phase 2 begins when they have occupancy. They aren't going with the 'if you build it, they will come' model.

Despite observation/anecdotal declarations here, it's doing well and really is at 92% occupancy. They can't lie about the numbers it's investor information as a public company on the stock exchange.

chuckhoffmann Wrote:
-------------------------------------------------------
>
> A quick check of PREIT's Web site shows that
> they're claiming 89% occupancy and sales of
> $513/sq. ft., which means Springfield Town Center
> is in trouble.
>
> A healthy mall usually has an occupancy rate of
> 93% or above, which I think STC flirted with
> briefly.


LOL! Why it's 'chuckhoffmann' that throws out bullshit then erases later.
I count 4 times above you've deleted your comments on how it's in trouble and going to fail. And now you're back for more with the 'healthy' mall BS.

First, as I said before, those numbers aren't bad.

Second, they aren't accurate. The occupancy rate is higher. The maps in the mall have 3 more stores coming soon. I was there last night. The most accurate numbers are in PREIT earning reports. The next earnings call is this Friday.

You can't use 1 restaurant and surmise it's 'foot traffic'. Everyone knows restaurant failure rates are above 50% the first year. Using your foot traffic logic Mike's American Grill just across the highway should have closed years ago.

WoodRanch was overpriced and inconsistent compared to Mike's. It's concept isn't unique here as it is in LA area. Upscale Steak and BBQ are a dime a dozen.

How long until you erase this time?

­



Edited 1 time(s). Last edit at 03/23/2017 01:34AM by chuckhoffmann.

chuckhoffmann Wrote:
-------------------------------------------------------
> Stupid topic is still stupid Wrote:
> --------------------------------------------------
> -----
> > LOL! Why it's 'chuckhoffmann' that throws out
> > bullshit then erases later.
> > I count 4 times above you've deleted your
> comments
> > on how it's in trouble and going to fail. And
> now
> > you're back for more with the 'healthy' mall BS.
>
> >
> > First, as I said before, those numbers aren't
> bad.
> >
> > Second, they aren't accurate. The occupancy
> rate
> > is higher. The maps in the mall have 3 more
> stores
> > coming soon. I was there last night. The most
> > accurate numbers are in PREIT earning reports.
> The
> > next earnings call is this Friday.
> >
> > You can't use 1 restaurant and surmise it's
> 'foot
> > traffic'. Everyone knows restaurant failure
> rates
> > are above 50% the first year. Using your foot
> > traffic logic Mike's American Grill just across
> > the highway should have closed years ago.
> >
> > WoodRanch was overpriced and inconsistent
> compared
> > to Mike's. It's concept isn't unique here as it
> is
> > in LA area. Upscale Steak and BBQ are a dime a
> > dozen.
> >
> > How long until you erase this time?
>
> I got the 89% number from PREIT's public Web site.
> https://www.preit.com/properties/mall-portfolio/sp
> ringfield-town-center/
>
> With a very few exceptions, I erase all of my
> posts under this name after 30 days. Someone was
> so annoyed by this that there's a whole thread
> called "archived chuckhoffman posts" or some such
> nonsense.
>
> If you're right and the mall is actually 93%
> occupied, then it's doing fine. PREIT still won't
> move on phase II until after the FBI decision, and
> likely not until they've had a sustained high
> occupancy rate, probably 95%+ for 2-3 years.

Then why keep rehashing old bullshit and then back down when someone calls you on it?
THAT is the nonsense.
I'd suggest picking up the pace on deleting your posts to every other day if they are as useless as this thread.

Why is the mall always so empty then?

Locust infestatiom.

Springfield town center is always crowded. I live a few mins away and can never find a parking spot. On top of that they always sell out of stuff i need compared to dead malls such as fair oaks tysons or dulles that have what i need.

Retail sales of $513 per foot is really low compared to Tyson's Mall and Galleria, each of which does nearly $1,100 per foot.

I don't see how PREIT can charge enough rent to cover debt service if sales remain that low. The costs to demo and redevelop weren't cheap.

hyLTN Wrote:
-------------------------------------------------------
> I has almost been 2 years.
>
> What in the hell is going on over there?


Things take time!

They should have let Wegmans build on the property.

HVyNn Wrote:
-------------------------------------------------------
> Retail sales of $513 per foot is really low
> compared to Tyson's Mall and Galleria, each of
> which does nearly $1,100 per foot.
>
> I don't see how PREIT can charge enough rent to
> cover debt service if sales remain that low. The
> costs to demo and redevelop weren't cheap.


Apples to oranges.
Tysons is the 7th largest mall in the US with 300+ stores.
It has Nordstrom's, Bloomingdales, Lord & Taylor as anchors.
Springfield has Target and JCPenney.
Tysons also has its 'Phase 2' and 3 completed.
You can't just jack up rent because some place else does.

They did not make the spaces in the Parking Garage 12 feet wide so you can replace your car engine..!!..SI..!!

Senor DAJAX

Alwayscrowded Wrote:
-------------------------------------------------------
> Springfield town center is always crowded. I live
> a few mins away and can never find a parking spot.
> On top of that they always sell out of stuff i
> need compared to dead malls such as fair oaks
> tysons or dulles that have what i need.

You are lying.

Ok so you painted the turd, you have this pretty new 'STC'. The problem with it before, and has not changed, is the drek of a shit hole that surrounds STC. Level all of the poor trash areas, re-devlop, and see more affluent people stop by.

The mall is a ghost town in the evenings.

­



Edited 1 time(s). Last edit at 03/25/2017 07:42PM by chuckhoffmann.

Its all about the numbers. Numbers for the last quarter of 2016 are coming out and they are not good for stores at STC. Our store's sales, (I manage a major upscale clothing store) are down 34% compared to the previous year and corporate management is currently reviewing options, including closing the store. I got no budget, so I can't give hours to part timers, which sucks for them. Other stores are indicating they are in the same boat.

The problem with the restaurants is most of them face outside, so customers don't have to walk through the mall to get to them. People come to eat, so they park and go into the restaurants, they don't have to walk through the mall to get to them. People who come to shop and park by Macy's, JCP, or Target don't see the restaurants and some shoppers don't even know they are there!

Upscale Shopper Wrote:
-------------------------------------------------------
> Its all about the numbers. Numbers for the last
> quarter of 2016 are coming out and they are not
> good for stores at STC. Our store's sales, (I
> manage a major upscale clothing store) are down
> 34% compared to the previous year and corporate
> management is currently reviewing options,
> including closing the store. I got no budget, so I
> can't give hours to part timers, which sucks for
> them. Other stores are indicating they are in the
> same boat.
>
> The problem with the restaurants is most of them
> face outside, so customers don't have to walk
> through the mall to get to them. People come to
> eat, so they park and go into the restaurants,
> they don't have to walk through the mall to get to
> them. People who come to shop and park by Macy's,
> JCP, or Target don't see the restaurants and some
> shoppers don't even know they are there!

Truest post in this thread.

7xpmc Wrote:
-------------------------------------------------------
> Truest post in this thread.

Yeah, anecdotal evidence is clearly the 'truest'.
Attachments:

chuckhoffmann Wrote:
-------------------------------------------------------
> Stupid topic is stupid Wrote:
> --------------------------------------------------
> -----
> >
> I mentioned WoodRanch because they were supposedly
> a high-profile get for STC, with a space right by
> the fancy new entrance. While it may be their food
> was overpriced and service was lousy, their CEO
> specifically mentioned that the lack of traffic in
> the place was the reason it closed, which I can
> believe because they were willing to walk away
> from the $4 million they'd spent fitting the place
> out.
>
> To my mind, if sales are slow but you think
> there's still a chance your restaurant might
> succeed in a location, you rejigger your menu and
> uptrain your staff: you don't walk away from it,
> especially when you've spent that much coin and
> it's the vanguard of a major expansion of your
> chain. Something in the numbers told them that
> this wasn't a viable course of action.

Woodranch was busy for the first 3 months but they started cutting corners from the get go. Service was always terrible and the menu was lacking. I went in when they first opened and got excellent beef plate ribs; big thick, meaty "dino bones". My next visit I again ordered beef ribs and they served beef back ribs which are far less meaty. When I questioned it they said that's what they always served so Wood Ranch's demise was at least 50% of their own making. As for the four million in build out Vornado/Preit probably picked up most of it. Wood Ranch also opened a full 6 months after the STC reopening. That didn't help. I expect Zinburger to be next on the pull out list.

Preit is still recovering from their partnership with Vornado, One of the big unoccupied spaces is on the lower level by the main entrance on the right. That large space was supposed to be Uniqlo but due to a contract dispute between Uniqulo and Vornado they pulled out 1 day prior to the grand reopening and ended up at Tyson's. Numerous Food Court vendors also ended up pulling out at the last minute due to fighting with Vornado.

It's going to be interesting to see how many merchants leave this fall when the 2 year rent abatements end.



Edited 1 time(s). Last edit at 02/22/2017 01:04PM by OldtimeResident.

DyXYy Wrote:
-------------------------------------------------------
> Ok so you painted the turd, you have this pretty
> new 'STC'. The problem with it before, and has not
> changed, is the drek of a shit hole that surrounds
> STC. Level all of the poor trash areas, re-devlop,
> and see more affluent people stop by.

No dumbass. The rest of the restaurants are doing very well and this was the first east coast restaurant woodranch opened. People want cheap bbq.


Some Yelp reviewers said the food is “overpriced” for barbecue, with one noting that barbecue joint chain Famous Dave’s is a better deal. In the South, barbecue does tend to be a more casual affair, and barbecue restaurants don’t usually offer grilled steaks and burgers as well.

Wood Ranch also highlights and heavily promotes its tri-tip cut of beef — a cut that some butchers call “California crack” but which is much less well-known on the East Coast.

As for the varied menu, Anders said the idea is that having a wider range than just barbecue makes the restaurant more accessible for customers to eat there more often. He acknowledged the restaurant may have come off as more upscale than what people in the South expect for barbecue joints.

“I don’t know that people in the market are used to that level of barbecue,” Anders said. “We build what feels like more of an upscale American restaurant as opposed to what people feel comfortable with in a lot more casual environment.”

The restaurant’s failure doesn’t necessarily translate to a larger problem at Springfield or its restaurants — as far as Anders has heard, the other restaurants there all do very well, he said.

Wood Ranch is a California only (now) concept that does feature Tri-tip, but looking at prices compared to Famous Dave's Oakton, Prices are comparable except for maybe pulled pork/brisket. Ribs/Wings/Burger/Chicken about the same...perhaps service and quality was not so great in a far away "SATELLITE" location. It happens all the time, especially when you only have 1 location and no brand recognition locally. We know people (especially mall people) flock to chains like lemmings.

They should replace Wood Ranch with a TGI Fridays or a Hooters! Either one will pack them in!

BTW, heard that Bloomin' Brands, the group that owns Outback, is closing the Springfield and Fairfax Outbacks next month!

Unchained Melody Wrote:
-------------------------------------------------------
It happens all the time,
> especially when you only have 1 location and no
> brand recognition locally. We know people
> (especially mall people) flock to chains like
> lemmings.

Yeah, that could be plausible if it wasn't next to Zinburger, Yardhouse, and Chuy's all of which were relatively unknown until two years ago in the area.
And all of them are packed.

TnPHX Wrote:
-------------------------------------------------------
> Unchained Melody Wrote:
> --------------------------------------------------
> -----
> It happens all the time,
> > especially when you only have 1 location and no
> > brand recognition locally. We know people
> > (especially mall people) flock to chains like
> > lemmings.
>
> Yeah, that could be plausible if it wasn't next to
> Zinburger, Yardhouse, and Chuy's all of which were
> relatively unknown until two years ago in the
> area.
> And all of them are packed.


Dude, Chuy's and Yardhouse were all over the East Coast prior...+ people will flock to any fucking Burger place these days.

Townie Wrote:
-------------------------------------------------------
> They should replace Wood Ranch with a TGI Fridays
> or a Hooters! Either one will pack them in!
>
> BTW, heard that Bloomin' Brands, the group that
> owns Outback, is closing the Springfield and
> Fairfax Outbacks next month!

Outback wasnt serving ribs anymore and no more rice and didnt have even tartar sauce for their seafood or any other sauce.

Townie there already is a Fridays across the street from the mall, up behind the Office Depot. It's way back up in the hill past a furniture store. It has to be the worst location for a restaurant in the area, but it's always packed. Be nice if they moved maybe.

cttKX Wrote:
-------------------------------------------------------
> TnPHX Wrote:
> --------------------------------------------------
> -----
> > Unchained Melody Wrote:
> >
> --------------------------------------------------
>
> > -----
> > It happens all the time,
> > > especially when you only have 1 location and
> no
> > > brand recognition locally. We know people
> > > (especially mall people) flock to chains like
> > > lemmings.
> >
> > Yeah, that could be plausible if it wasn't next
> to
> > Zinburger, Yardhouse, and Chuy's all of which
> were
> > relatively unknown until two years ago in the
> > area.
> > And all of them are packed.
>
>
> Dude, Chuy's and Yardhouse were all over the East
> Coast prior..


Bullshit.
Chuy's only expanded out here from Texas in the past few years. The furthest north is Rockville.
Proof?
http://www.nrn.com/emerging-chains/next-steps-growth-chuys-builds-momentum-after-ipo
Yardhouse currently only has 9 locations on the East Coast. Closest are Philly and VA Beach.
http://www.yardhouse.com/locations/location-search

Don't talk outta your ass. It stinks.

Asstalkers everywhere Wrote:
-------------------------------------------------------
> cttKX Wrote:
> --------------------------------------------------
> -----
> > TnPHX Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Unchained Melody Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > It happens all the time,
> > > > especially when you only have 1 location
> and
> > no
> > > > brand recognition locally. We know people
> > > > (especially mall people) flock to chains
> like
> > > > lemmings.
> > >
> > > Yeah, that could be plausible if it wasn't
> next
> > to
> > > Zinburger, Yardhouse, and Chuy's all of which
> > were
> > > relatively unknown until two years ago in the
> > > area.
> > > And all of them are packed.
> >
> >
> > Dude, Chuy's and Yardhouse were all over the
> East
> > Coast prior..
>
>
> Bullshit.
> Chuy's only expanded out here from Texas in the
> past few years. The furthest north is Rockville.
> Proof?
> http://www.nrn.com/emerging-chains/next-steps-grow
> th-chuys-builds-momentum-after-ipo
> Yardhouse currently only has 9 locations on the
> East Coast. Closest are Philly and VA Beach.
> http://www.yardhouse.com/locations/location-search
>
>
> Don't talk outta your ass. It stinks.


Yard House probably brings in the most profit there.