The Power & White District is doing good

[Mojo Jojo]

Originally Posted by |Zach|

You mean the Cordish development right by the stadiums in Baltimore?

http://www.powerplantlive.com/

Yes, and Cordish also did a lot of the development in the inner harbor back in the day. That is how they made their name...they are a Baltimore company. I don't know how often you go to Baltimore, but I am there two or three times a year, and the turnover in the inner harbor is unbelievable. Outside of the ESPN Zone and a couple of other restaurants I don't think many originals are still there.

[RJ]

Originally Posted by Mojo Jojo

Yes, and Cordish also did a lot of the development in the inner harbor back in the day. That is how they made their name...they are a Baltimore company. I don't know how often you go to Baltimore, but I am there two or three times a year, and the turnover in the inner harbor is unbelievable. Outside of the ESPN Zone and a couple of other restaurants I don't think many originals are still there.

ESPN Zone closed a few weeks ago, along with 4-5 more in other cities.

[Mojo Jojo]

Originally Posted by RJ

ESPN Zone closed a few weeks ago, along with 4-5 more in other cities.

Another Cordish project going down the drain. Damn, now I need to find more new things to do in Baltimore.

[RJ]

Originally Posted by Mojo Jojo

Another Cordish project going down the drain. Damn, now I need to find more new things to do in Baltimore.

I don't think it was Cordish. I believe most of the ESPN Zones around the country were closed.

[Mojo Jojo]

Originally Posted by RJ

I don't think it was Cordish. I believe most of the ESPN Zones around the country were closed.

But inner harbor and the complex the ESPN Zone was in are Cordish developments. I said earlier that Cordish developments have a history of high turnover. While Cordish may not have been the final reason it just goes to show that they get big flashy national name places to attract crowds, and at some point the new wears off and pow...empty space. That is going to be a lot of square footage to fill.

[RJ]

Originally Posted by Mojo Jojo

But inner harbor and the complex the ESPN Zone was in are Cordish developments. I said earlier that Cordish developments have a history of high turnover. While Cordish may not have been the final reason it just goes to show that they get big flashy national name places to attract crowds, and at some point the new wears off and pow...empty space. That is going to be a lot of square footage to fill.

When I lived in Baltimore the only time I ever went to those places was when we had company from out of town. I think that's true for most of the natives. With fewer tourists you can probably look forward to more turnover.

[Mojo Jojo]

Originally Posted by RJ

When I lived in Baltimore the only time I ever went to those places was when we had company from out of town. I think that's true for most of the natives. With fewer tourists you can probably look forward to more turnover.

That is part of my point when it is new it is cool for locals to go. Then after awhile it becomes old, and you only go for special events or when friends or families come to town. P&L is never going to be more popular than it is right now. For all the regulars...five years from now you won't be. It is a basic business truth when it comes to destination locations in a city.
The same holds true for sports teams and new stadiums. Year one and two large crowds and a lot of excitement, but if the product isn't good and the newness wears off attendance goes way down. Look at the Nationals and their new stadium. Hard to get in year one...now you can count the people in the stands on most nights.