NdoorTX wrote:Great find. So almost 20k of space? That’s a large store. Does
Anyone know if the location is fully on one level?
See the other replies about this upthread from several weeks ago.
It's 2 levels.
NdoorTX wrote:Great find. So almost 20k of space? That’s a large store. Does
Anyone know if the location is fully on one level?
Addison wrote:NdoorTX wrote:Great find. So almost 20k of space? That’s a large store. Does
Anyone know if the location is fully on one level?
See the other replies about this upthread from several weeks ago.
It's 2 levels.
acclar11 wrote:Addison wrote:NdoorTX wrote:Great find. So almost 20k of space? That’s a large store. Does
Anyone know if the location is fully on one level?
See the other replies about this upthread from several weeks ago.
It's 2 levels.
If it's starting construction in May, I wonder when we'll get the announcement of the store's opening.
R1070 wrote:That's a quick turnaround. Same project would take years at NorthPark. lol
Proquest20 wrote:When did The Blue Fish close at the Galleria? Now apparently Watters Creek is their only Texas location. They really have had bad luck with the Alley, hopefully some other sushi restaurant will replace it.
Matt777 wrote:Proquest20 wrote:When did The Blue Fish close at the Galleria? Now apparently Watters Creek is their only Texas location. They really have had bad luck with the Alley, hopefully some other sushi restaurant will replace it.
Google shows the Dallas Greenville Ave location as open. Did that close? Was that the original location?
Proquest20 wrote:Matt777 wrote:Proquest20 wrote:When did The Blue Fish close at the Galleria? Now apparently Watters Creek is their only Texas location. They really have had bad luck with the Alley, hopefully some other sushi restaurant will replace it.
Google shows the Dallas Greenville Ave location as open. Did that close? Was that the original location?
I didn’t see it on their website, but that’s so unfortunate that they closed at the Galleria. The Alley has had some pretty bad luck - the same happened to Kabuki and the Grill.
Proquest20 wrote:They're building green space in front of it, but if I'm being honest the way that the Galleria is built with garages that directly connect to the buildings, this probably won't be used that much. I've been to the Galleria many times and I've never been on the Alley. You can easily miss it from the inside of the mall considering only the signage indicates there's anything out there.
Only time the Alley is used is when the Galleria hosts small business markets.
mhainli wrote:Proquest20 wrote:They're building green space in front of it, but if I'm being honest the way that the Galleria is built with garages that directly connect to the buildings, this probably won't be used that much. I've been to the Galleria many times and I've never been on the Alley. You can easily miss it from the inside of the mall considering only the signage indicates there's anything out there.
Only time the Alley is used is when the Galleria hosts small business markets.
Exactly why the restaurants need to have direct connections to the mall with menus to draw people in, etc Would provide synergy to the mall too. Not sure why this hasn’t been thought of in the 20 years that the Alley has been there. Do they really expect shoppers to walk outside to the front door?
acclar11 wrote:https://www.tdlr.texas.gov/TABS/Search/Project/TABS2024012882
Sephora is remodeling
Proquest20 wrote:mhainli wrote:Proquest20 wrote:They're building green space in front of it, but if I'm being honest the way that the Galleria is built with garages that directly connect to the buildings, this probably won't be used that much. I've been to the Galleria many times and I've never been on the Alley. You can easily miss it from the inside of the mall considering only the signage indicates there's anything out there.
Only time the Alley is used is when the Galleria hosts small business markets.
Exactly why the restaurants need to have direct connections to the mall with menus to draw people in, etc Would provide synergy to the mall too. Not sure why this hasn’t been thought of in the 20 years that the Alley has been there. Do they really expect shoppers to walk outside to the front door of the restaurant ?
Dallas, and cities in general, are too nice to justify coming to a mall specifically to eat at a restaurant.
mhainli wrote:Proquest20 wrote:mhainli wrote:Exactly why the restaurants need to have direct connections to the mall with menus to draw people in, etc Would provide synergy to the mall too. Not sure why this hasn’t been thought of in the 20 years that the Alley has been there. Do they really expect shoppers to walk outside to the front door of the restaurant ?
Dallas, and cities in general, are too nice to justify coming to a mall specifically to eat at a restaurant.
Well we occasionally go to the Grand Luxe and do take the opportunity to do some shopping. They make it easy with restrooms near the mall entrance. It works.. Not too many parking spots out front but more often than not there’s one available.
Proquest20 wrote:I guess the Alley is now called the “newly designed outdoor plaza” according to Instagram updates. The Alley probably came from the restaurant that was once there.
The_Overdog wrote:This was new to me, even though I've lived in DFW for 20 years. Per reddit, the Galleria used to have a walking track on the roof of the mall, surrounding the glass roof. You can still see remnants of it in Google maps.
There is also an indoor basketball half court up there on the roof, both of which used to belong to a health club located in the mall, long since closed.
I had no idea.
R1070 wrote:Express at the Galleria is one of the 95 locations listed to close with the company's recent bankruptcy filing. The Cedar Hill store appears to be the only other DFW location closing.
R1070 wrote:Express is closing close to 100 stores and all of their UpWest locations due to bankruptcy. This location, while being profitable (I assume), is located between the newer NorthPark store and the new location being built at Stonebriar probably seems duplicative.
Proquest20 wrote:R1070 wrote:Express is closing close to 100 stores and all of their UpWest locations due to bankruptcy. This location, while being profitable (I assume), is located between the newer NorthPark store and the new location being built at Stonebriar probably seems duplicative.
Stonebriar isn’t particularly close, and NorthPark has a slightly different clientele and actually downsized. As a mid range store I have no doubt the Galleria is a profitable location, the mall’s not dying it’s just mid range now
Tucy I wrote:Proquest20 wrote:R1070 wrote:Express is closing close to 100 stores and all of their UpWest locations due to bankruptcy. This location, while being profitable (I assume), is located between the newer NorthPark store and the new location being built at Stonebriar probably seems duplicative.
Stonebriar isn’t particularly close, and NorthPark has a slightly different clientele and actually downsized. As a mid range store I have no doubt the Galleria is a profitable location, the mall’s not dying it’s just mid range now
Why would they close a profitable store?
Proquest20 wrote:Tucy I wrote:Proquest20 wrote:
Stonebriar isn’t particularly close, and NorthPark has a slightly different clientele and actually downsized. As a mid range store I have no doubt the Galleria is a profitable location, the mall’s not dying it’s just mid range now
Why would they close a profitable store?
The only reason I could imagine it wouldn’t be profitable is the rent rate. Express has stores in North East and Parks I can’t imagine those perform better than the Galleria
Tucy I wrote:Proquest20 wrote:Tucy I wrote:
Why would they close a profitable store?
The only reason I could imagine it wouldn’t be profitable is the rent rate. Express has stores in North East and Parks I can’t imagine those perform better than the Galleria
So, you DO have some doubt the Galleria is a profitable location...
It might be time for some to adjust their expectations about Galleria Dallas (including, if Express was indeed unprofitable there only because of high rent, Galleria Dallas's management). FWIW, in the last 2 months, in addition to the announced departure of Express, Galleria Dallas has lost Cotopaxi, Maricano and Eye Candy Courture. Meanwhile they gained local stores Desiri and Knots & Loops. ("Knots & Loops is a Dallas-based crochet creations brand offering a wide assortment of handcrafted pieces by talented women artisans. From crocheted penguins to dolls and baby rattles, you’re bound to find the perfect whimsical plush gift made with love.")
Proquest20 wrote:Tucy I wrote:Proquest20 wrote:
The only reason I could imagine it wouldn’t be profitable is the rent rate. Express has stores in North East and Parks I can’t imagine those perform better than the Galleria
So, you DO have some doubt the Galleria is a profitable location...
It might be time for some to adjust their expectations about Galleria Dallas (including, if Express was indeed unprofitable there only because of high rent, Galleria Dallas's management). FWIW, in the last 2 months, in addition to the announced departure of Express, Galleria Dallas has lost Cotopaxi, Maricano and Eye Candy Courture. Meanwhile they gained local stores Desiri and Knots & Loops. ("Knots & Loops is a Dallas-based crochet creations brand offering a wide assortment of handcrafted pieces by talented women artisans. From crocheted penguins to dolls and baby rattles, you’re bound to find the perfect whimsical plush gift made with love.")
There’s no way Cotopaxi was meant to be permanent, they kept the same storefront as Apricot Lane. Eye Candy wasn’t a big chain though, think their other location was in the mid-range wing of Houston’s Galleria.
R1070 wrote:Galleria is definitely in flux. Cotopaxi was certainly not a permanent store and I think other pop-ups closed.
Tucy I wrote:Proquest20 wrote:Tucy I wrote:
So, you DO have some doubt the Galleria is a profitable location...
It might be time for some to adjust their expectations about Galleria Dallas (including, if Express was indeed unprofitable there only because of high rent, Galleria Dallas's management). FWIW, in the last 2 months, in addition to the announced departure of Express, Galleria Dallas has lost Cotopaxi, Maricano and Eye Candy Courture. Meanwhile they gained local stores Desiri and Knots & Loops. ("Knots & Loops is a Dallas-based crochet creations brand offering a wide assortment of handcrafted pieces by talented women artisans. From crocheted penguins to dolls and baby rattles, you’re bound to find the perfect whimsical plush gift made with love.")
There’s no way Cotopaxi was meant to be permanent, they kept the same storefront as Apricot Lane. Eye Candy wasn’t a big chain though, think their other location was in the mid-range wing of Houston’s Galleria.
Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agreed regarding Eye Candy (I think the other store was/is in Willowbrook in northwest Houston. So that leaves us with 3 national chains and a "local" that pulled out and 2 locals that came in. Not a good trajectory. Regarding Express, it's almost inconceivable that Galleria Dallas wouldn't have been willing to reduce their rent if that's all it would have taken to keep them.
Addison wrote:Tucy I wrote:Proquest20 wrote:
There’s no way Cotopaxi was meant to be permanent, they kept the same storefront as Apricot Lane. Eye Candy wasn’t a big chain though, think their other location was in the mid-range wing of Houston’s Galleria.
Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agreed regarding Eye Candy (I think the other store was/is in Willowbrook in northwest Houston. So that leaves us with 3 national chains and a "local" that pulled out and 2 locals that came in. Not a good trajectory. Regarding Express, it's almost inconceivable that Galleria Dallas wouldn't have been willing to reduce their rent if that's all it would have taken to keep them.
To address your laat point, I suspect it's a combination of 2 factors at play.
1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to replace them.
2. The fact that the Galleria has a *TON* of debt it needs to pay off, on top of a lor of deferred maintenance to take care of *AND* it needs the cash flow to help eventually fund the forthcoming redevelopment in whatever form/scope that may be (that's probably still in flux & uncertain as well), thus they can't afford to reduce rents even if they wanted to without hurting its own balance sheet/profitability.
Tucy I wrote:Proquest20 wrote:Tucy I wrote:
Why would they close a profitable store?
The only reason I could imagine it wouldn’t be profitable is the rent rate. Express has stores in North East and Parks I can’t imagine those perform better than the Galleria
So, you DO have some doubt the Galleria is a profitable location...
It might be time for some to adjust their expectations about Galleria Dallas (including, if Express was indeed unprofitable there only because of high rent, Galleria Dallas's management). FWIW, in the last 2 months, in addition to the announced departure of Express, Galleria Dallas has lost Cotopaxi, Maricano and Eye Candy Courture. Meanwhile they gained local stores Desiri and Knots & Loops. ("Knots & Loops is a Dallas-based crochet creations brand offering a wide assortment of handcrafted pieces by talented women artisans. From crocheted penguins to dolls and baby rattles, you’re bound to find the perfect whimsical plush gift made with love.")
Tucy I wrote:Addison wrote:Tucy I wrote:
Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agreed regarding Eye Candy (I think the other store was/is in Willowbrook in northwest Houston. So that leaves us with 3 national chains and a "local" that pulled out and 2 locals that came in. Not a good trajectory. Regarding Express, it's almost inconceivable that Galleria Dallas wouldn't have been willing to reduce their rent if that's all it would have taken to keep them.
To address your laat point, I suspect it's a combination of 2 factors at play.
1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to replace them.
2. The fact that the Galleria has a *TON* of debt it needs to pay off, on top of a lor of deferred maintenance to take care of *AND* it needs the cash flow to help eventually fund the forthcoming redevelopment in whatever form/scope that may be (that's probably still in flux & uncertain as well), thus they can't afford to reduce rents even if they wanted to without hurting its own balance sheet/profitability.
Losing a significant tenant (zero revenue) hurts the balance sheet more than does reducing their rent.
Addison wrote:One last thing:
I'm at the point where I dread coming into this thread whenever there's a new post. Other than the recent Uniqlo announcement (and the wind has even been taken out of that since they're also opening at Parks Mall & Stonebriar), it's been nothing but depressing updates whether it's more national/upscale retailers vacating the mall or the mall's management only bring in these no-name mom & pop boutiques to replace them.
It's almost night & day from the NorthPark and Stonebriar threads...
R1070 wrote:Addison wrote:One last thing:
I'm at the point where I dread coming into this thread whenever there's a new post. Other than the recent Uniqlo announcement (and the wind has even been taken out of that since they're also opening at Parks Mall & Stonebriar), it's been nothing but depressing updates whether it's more national/upscale retailers vacating the mall or the mall's management only bring in these no-name mom & pop boutiques to replace them.
It's almost night & day from the NorthPark and Stonebriar threads...
Stonebriar has really stepped up it's game. A lot of the local (generic) stores have gone to make way for trendy national retailers.
Addison wrote:Tucy I wrote:Addison wrote:
To address your laat point, I suspect it's a combination of 2 factors at play.
1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to replace them.
2. The fact that the Galleria has a *TON* of debt it needs to pay off, on top of a lor of deferred maintenance to take care of *AND* it needs the cash flow to help eventually fund the forthcoming redevelopment in whatever form/scope that may be (that's probably still in flux & uncertain as well), thus they can't afford to reduce rents even if they wanted to without hurting its own balance sheet/profitability.
Losing a significant tenant (zero revenue) hurts the balance sheet more than does reducing their rent.
Not necessarily.
A "favored nations" clause could be invovled, especially with a high profile mall like the Galleria. If other tenants similar to Express caught wind of their rent being lowered, it will start a slippery slope with all of the others demanding lower rent or more favorable terms.
Also, while the optics of losing a high-profile tenant is poor, the space Express does occupy is a very small part of the mall overall. So the impact of losing their rent may not be so bad, especially if the trade off was having to give them concessions that would have equally hurt the balance sheet just as much (if not more so). This would definitely be short-term thinking and can potentially turn into a doom loop (which I fear the Galleria is teetering on), but I wouldn't put this thought process beside the current management.
Now none of us now for certain if this applies in the Galleria's case, just that there could be other plausible factors at play.
Addison wrote:Tucy I wrote:Proquest20 wrote:
There’s no way Cotopaxi was meant to be permanent, they kept the same storefront as Apricot Lane. Eye Candy wasn’t a big chain though, think their other location was in the mid-range wing of Houston’s Galleria.
Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agreed regarding Eye Candy (I think the other store was/is in Willowbrook in northwest Houston. So that leaves us with 3 national chains and a "local" that pulled out and 2 locals that came in. Not a good trajectory. Regarding Express, it's almost inconceivable that Galleria Dallas wouldn't have been willing to reduce their rent if that's all it would have taken to keep them.
To address your last point, I suspect it's a combination of 2 factors at play.
1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to replace them.
2. The fact that the Galleria has a *TON* of debt it needs to pay off, on top of a lor of deferred maintenance to take care of *AND* it needs the cash flow to help eventually fund the forthcoming redevelopment in whatever form/scope that may be (that's probably still in flux & uncertain as well), thus they can't afford to reduce rents even if they wanted to without hurting its own balance sheet/profitability.
Tucy I wrote:Addison wrote:Tucy I wrote:
Well, it was more than a seasonal popup. Perhaps a test-run which apparently failed. Agreed regarding Eye Candy (I think the other store was/is in Willowbrook in northwest Houston. So that leaves us with 3 national chains and a "local" that pulled out and 2 locals that came in. Not a good trajectory. Regarding Express, it's almost inconceivable that Galleria Dallas wouldn't have been willing to reduce their rent if that's all it would have taken to keep them.
To address your last point, I suspect it's a combination of 2 factors at play.
1. Delusions of grandeur. Because they still have Nordstrom and a few luxury boutiques, they're under the impression that they can charge a premium on rent as other stores and shoppers alike are beating down the door to replace them.
2. The fact that the Galleria has a *TON* of debt it needs to pay off, on top of a lor of deferred maintenance to take care of *AND* it needs the cash flow to help eventually fund the forthcoming redevelopment in whatever form/scope that may be (that's probably still in flux & uncertain as well), thus they can't afford to reduce rents even if they wanted to without hurting its own balance sheet/profitability.
The lender took the property back from the borrower. The debt is gone.