Quote:
Originally Posted by Huntsvillenative
IMHO, Bridge Street will be closed within a few years. They had their chance to make it a tourist destination and they blew it. They already have a luxury hotel to anchor it, along with a world class movie theater, and an entertainment complex for families and young adults. Adding a signature observation wheel next to the lake that they drained would have drawn in way more out of state visitors leading to more shoppers than what they ever will now resulting in an economic boost for the area. Nobody goes there anymore now that they've drained the beautiful lake. People like myself used to go there just to enjoy the rare scenery and elegance of the place. Now it's virtually a ghost town. Shops are moving out as fast as they go in. Belk will do the same.
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I strongly disagree that Bridge Street is dying and here are my reasons:
1. Numerous retailers have been in business there since Bridge Street opened in 2007 - these include Banana Republic, Coldwater Creek, Chico's, White House/Black Market, J. Crew and Juicy Couture. I have a hard time believing that these stores would continue to pay rent if they were loosing money.
2. The present owners, Miller Capital Advisors are one of the nations largest owners of shopping centers and they own the strongest retail centers in every market they have a presence in. They plan on doing the same here. Miller wouldn't have purchased a dying center.
3. The Gap and Banana Republic left Parkway Place for BS - if their sales were so bad, they could move back to Parkway Place.
4. Bridge Street is not in existence to be a state "tourist destination" nor is it here to be a public park for Huntsville residents. If you visited " just to enjoy the rare scenery and elegance of the place", they will go out of business. They need folks spending $.
5. Bridge Street is strategically located in the geographical center of the Huntsville metro area - even Decatur residents can get there in probably the same or less time than Huntsville residents in Hampton Cove and far Southeast. This gives it a distinct advantage in attracting both customers and new retailers. This is evident when you see that Michael Kors has selected it over Parkway Place. Between Cummings Research Park and Redstone Arsenal, there is a workforce of around 60,000 within a 10 minute drive of the center and those numbers are attractive to retailers.