Regency Court Closings

[JECJAX]

I totally agree Lake.  I work in the area and there is lots of successful retail.  Roosevelt mall divided up, Belk stayed and other stores moved in centers which works.  For the life of me I don't see the attraction at the Kernan/Atlantic area.  The traffic and mobility is not shopper friendly at all in it's current where Regency does have a much better traffic flow in multiple directions.   The movie theater at Regency is always busy along with the stores and restaurants behind the mall.  What is going to happen at Kernan/Atlantic in 5 years ?  I look forward to the property the mall is on being mixed retail and other businesses - even an office park would be nice with the current office buildings that are in place.  There is also a new decent size subdivision in Kendal Town off the Southside connector being built which will help boost area shopping.  Here's the link  http://www.lennar.com/New-Homes/Florida/Jacksonville-St-Augustine/Jacksonville/Mill-Creek-at-Kendall-Town#t_h&s_1

[tufsu1]

At this point, I don't know what the right mix is for the center but I seriously doubt it's 100% retail.

The shift away from retail is already occurring.  There is a laser golf (whatever that is) entertainment venue in the mall now

[urbanlibertarian]

I predict it will become a church like Normandy Mall.  ;-)

[BoldBoyOfTheSouth]

I no longer enjoy going to indoor malls, they seem dull and static.

Outdoor malls like the St Johns Town Center do have their charms but I'm really loving smaller urban style retail strips like Avondale, Riverside & San Marco.  I see so much potential for Edgewood Avenue in Murray Hill.  I can visualize what a great shopping & dinning area that will become within the next five years.

[I-10east]

I don't understand the whole 'anti-indoor mall' thing. As long as a particular area is safe, I don't put much thought into whether I'm inside or outside before I walk into a store. Hell, if anything the indoor malls' advantages are obvious (the weather). Although many indoor malls have closed due to their older age, economic reasons, etc; Contrary to popular belief, indoor malls aren't going anywhere. 

[coredumped]

I don't understand the whole 'anti-indoor mall' thing. As long as a particular area is safe, I don't put much thought into whether I'm inside or outside before I walk into a store. Hell, if anything the indoor malls' advantages are obvious (the weather). Although many indoor malls have closed due to their older age, economic reasons, etc; Contrary to popular belief, indoor malls aren't going anywhere. 

I agree, I find indoor malls to be great for the weather reason alone. another issue with places like the town center is you're more likely to drive your car when going to another store. Whereas in a mall, even as huge as mall of America, you'll end up walking the whole thing.

[thelakelander]

Operating costs for indoor malls are higher for the entities that run them. Just look at the Landing. No money is being made with all that food court seating. However, someone has to pay to air condition that space and keep it clean. If you can profit just as much without the extra operating costs of an enclosed non-leasable space, why not?

[I-10east]

No money is being made with all that food court seating.

Okay, but you can say that about any mall that has a successful food court too. The Avenues, Orange Park Mall, The Oaks Mall in G-ville, the Mall of America (which has very efficient heating and cooling BTW). 

[Coolyfett]

I was at Regency Court (the plaza across from regency) and saw that Sports Authority was closing. Not suprising really, they seem to be hurting nationally with competition from Dicks and Academy.
A few months ago OfficeDepot moved down the street, this leaves Rooms To Go as the only anchor in there. There's still lots of shops in there though (woodcraft, honey baked ham, etc).

Perfect spot for a new ghetto hip hop club...is Plush still open?

[coredumped]

Perfect spot for a new ghetto hip hop club...is Plush still open?

[mark_ham]

Perfect spot for a new ghetto hip hop club...is Plush still open?
[/quote]

I sense disdain for "ghetto" hip hop demographic.  Perhaps a more "country" themed establishment will open there ... making the local t.v. stations  "Breaking News" segments with with late night alcohol induced antics. 

[spuwho]

I posted elsewhere on MJ on what happened to Palm Beach Mall. Same era as Regency, similar anchors.



They just tore it down and are turning it into a major outlet center. I think the JC Penney will stay and they are designing the new outlet mall around it. It's proximity to I-95 was the big driver for the developer.

Unfortunately Regency doesn't have the same geography as Palm Beach Mall.



http://pboutletmall.com/

[mtraininjax]

Regency will come back, as they develop the land and communities around it. Just need more infill in the form of new housing. The recession has not been kind to Regency.

[coredumped]

Just need more infill in the form of new housing.

Already happening with the new homes behind Regency. I was by there the other day and say some houses already up (probably the model homes) on the west side of the connector across from the HHGregg.

The recession has not been kind to Regency.

Nor baymeadows area

[I-10east]

That would be awesome if Regency makes a comeback.