[LouisianaCharm]

I have a question for all of you Atlantans. With the emergence of two great retail districts in Buckhead and Midtown, do you guys worry about oversaturation. I mean, there will be the Avenues, MM, Lenox, Phipps, and Atlantic Station, all within a few miles of each other. I think that the Midtown Mile will be the one to hurt the most, mostly because its name gives off an indication to out of towners that this will be an all luxury destination, when in fact, i think the upscale retail will lack sorely here. AS already owns most of the mall retail, and Lenox, Phipps, and BA, will work in conjunction with one another................ Thats just my opinion from an outsider.


what do you guys think?

[Fiorenza]

Atlanta has a long history of leapfrogging development. The Mile may be just a bit premature, but long term it will solidify. I think.

[Andrea]

I think the Midtown Mile will do fine. Don't forget that there's a tremendous amount of retail (undoubtedly much more than what's in the big malls) throughout Buckhead. Areas such Bennett Street, Miami Circle, the ADAC district, the West Village and Peachtree itself are well-established and thriving.

http://www.buckhead.net/shoppingdistricts/

You've also got significant retail in West End, VA-Highland, Cascade, Howell Mill and many other places within the city limits.

Atlanta is spread out but it's still a huge city with many mature intown zones. I can't imagine that the Midtown Mile won't be a welcome and much-needed addition.

[Harry Cane]

Speaking of which...



http://atlanta.bizjournals.com/atlanta/stories/2007/07/02/story1.html?b=1183348800^1484132


Hmmm. Good for Atlanta and Lenox Square, but less left for Buckhead Avenues and Midtown Mile.

[Atlriser]

All statistics show that the intown Atlanta market is underserved by retail currently. With the growth rates of those moving into the city and these statistics, I think the market can absorb these proposed shopping areas without any issues.

[liat91]

Speaking of which...



http://atlanta.bizjournals.com/atlanta/stories/2007/07/02/story1.html?b=1183348800^1484132


Hmmm. Good for Atlanta and Lenox Square, but less left for Buckhead Avenues and Midtown Mile.

You would think these guys would go with Buckhead Avenues. I know malls are still the norm but they are getting tiring and fast.

[akiatl261]

Speaking of which...



http://atlanta.bizjournals.com/atlanta/stories/2007/07/02/story1.html?b=1183348800^1484132


Hmmm. Good for Atlanta and Lenox Square, but less left for Buckhead Avenues and Midtown Mile.

That is great news to hear about htose stores coming. Now I have tons more places to go broke lol :).

I think there are still several stores that could open here in ATlanta and could be distributed to the MM, Buckhead avenues etc. A Barneys Flagship which is coming could land at any of those sites, also you still have Bergdoorf Goodman. What evere happens this will add to Atlanta's Destination appeal, particulalry in the SE because most of these stores would not open anywhere else in the SE except for maybe Charlotte and even then thats somewhat tepid.

[MidtownMile]

Just a few things to note about all of this:

1. When stores are in growth mode, they will service two different markets in one metro. While Midtown and Buckhead seem very close together (which they are), they service different clientelle. So, two stores are not out of the question.

2. Lenox is done. But, it's also a mall. I would not be surprised AT ALL to see some of these stores rent some space for a year in Lenox, test the waters, then move into a new street space in Buckhead or Midtown. The malls can become more test space than actual destination.

When it comes down to it, Atlanta is pretty underserviced for the area and potential audience (very little competition for hundreds of miles). So, these stores likely want to get in soon. The earliest Midtown Mile signature destinations which they would want are likely not going to be done until later 2008. So, because more is coming, they can come to Atlanta now, then move if necessary. People come to them; they don't need Lenox to get customers.

[joey]

also you still have Bergdoorf Goodman.

Not that I particularly care one way or another, but they're merely the NY outpost of Texas-based Neiman Marcus. BG was bought years ago, and they're similarly merchandised (NM merely left the nameplate as-is in New York). Outside of the Manhattan Flagship, the company only opens Neiman stores, and there's already one at Lenox.

[Trae]

All statistics show that the intown Atlanta market is underserved by retail currently. With the growth rates of those moving into the city and these statistics, I think the market can absorb these proposed shopping areas without any issues.

I think it can to. Retail shouldn't be a problem, but the condo market may be a problem. It is getting a bit saturated intown. I prefer the small infill development more and more now.

[akiatl261]

Not that I particularly care one way or another, but they're merely the NY outpost of Texas-based Neiman Marcus. BG was bought years ago, and they're similarly merchandised (NM merely left the nameplate as-is in New York). Outside of the Manhattan Flagship, the company only opens Neiman stores, and there's already one at Lenox.

Oh damn your right cause the websites are the same and link to each other.