Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room

Reply
 
Thread Tools Display Modes
Old 01-06-2009, 03:02 PM  
Deberg_1990 Deberg_1990 is offline
In Search of a Life
 
Deberg_1990's Avatar
 
Join Date: Jan 2004
Location: San Antonio Tx.
Casino cash: $4124454
Local investors acquire Great Mall of the Great Plains

Huh....I had no idea they were struggling? I went there once about 10 years ago. It seemed nice, although it did seem to be out in the middle of nowhere.


http://www.kansascity.com/703/story/966242.html

The Great Mall of the Great Plains has new local owners who plan to rename and revitalize the long-struggling Olathe center.

The deal to buy the mall at Interstate 35 and 151st Street from Glimcher Realty Trust was completed Monday for an undisclosed price in the “multi-millions,” according to the new owners, Great Olathe Center.

“The mall draws from a very, very broad demographic and geographic,” said David M. Block, a principal with Block & Co. Realtors and managing partner of Great Olathe Center. “We plan to reposition it to be a driving force in retail sales for the future in southern Johnson County.”

Block said the other five investors wish to remain silent partners in the venture.

Officials with Glimcher, a Columbus, Ohio-based real estate investment trust, were not available for comment. But a previous public filing with the Securities and Exchange Commission said the company planned to use the proceeds from a sale, as well as funds from a line of credit, to help repay a $30 million loan on the property.

Great Mall customers should begin to see more promotions and events within the next two months.

Block said the new owners already are in talks with “entrepreneurial” local and regional retailers and restaurants to fill empty spaces and increase traffic at the mall, which is about 70 percent occupied. He said those businesses will be offered “reasonable” rental rates and short- to mid-term leases with relocation rights within the mall if they are successful.

National tenants are more interested in opening in 2010 to 2012, when the economy is expected to improve.

The new owners also are in talks with Olathe city officials about financial incentives for redevelopment. Block said the incentives are necessary to bring in “new and exciting and large retailers” that will set the mall apart from others in the area.

“When times were good we gave the incentives to the Bass Pros and the Nebraska Furniture Marts,” Block said. “So what do you do when times aren’t as good?”

The Olathe Chamber of Commerce has been working with the new owners since plans for the sale were announced in July.

“It’s nice to have local owners with a great reputation and understanding of the local market and great ideas for redevelopment,” said Joyce Coker-Dreier, spokeswoman for the chamber.

When the Great Mall opened in August 1997 it was the area’s first new enclosed mall in nearly a decade. The “value center” offered 160 stores including outlets and traditional retail and was expected to draw from a wide radius, even tour buses from Branson.

Annual sales were expected to reach $100 million or more and put about $1 million in sales taxes in Olathe’s coffers each year. A second entertainment phase was scheduled to be completed in 1999.

In its first full year of operations in 1998, the mall generated $104.2 million in annual sales. But the owners already were filing suits against current and former tenants for back rent. Some tenants countered with complaints that traffic was less than expected.

The mall ultimately lost anchor tenants such as Dillard’s Clearance Center and Oshman’s SuperSports USA. By 2004, annual sales had fallen to $78 million.

Current anchor Steve & Barry’s is scheduled to close later this month as part of a national bankruptcy. Then occupancy will be less than 70 percent.

Block pointed out that Glimcher Realty Trust doesn’t own any other property in the region.

“They have concentrated and focused on development on two coasts,” he said. Glimcher didn’t have the staff “or the local knowledge to work with the greater Kansas City community to lease and promote that mall. So we’re kind of bringing everything home now.”

Block said the population base wasn’t sufficient to support a nearly 1 million-square-foot mall in 1997. But now the mall can draw on more than 107,330 people within a five-mile radius with an average annual household income of $75,786.

More than 118,000 cars pass the center every weekday and Block said the primary retail trade area is nearly 289,000 people.

Despite its size, the mall is not easily visible from Interstate 35, so more signs will be added. The new owners also may add high-profile entertainment venues and a hotel.

The oval design also requires too much walking for the typical Kansas City shopper, Block said, so walkways cutting through the center of the mall will be highlighted.

The Great Mall also is known for its eccentric decor, including green and purple striped/black and yellow checked carpet, and a new design will be phased in.

“It’s not going to happen overnight, but it’s going to be something we are going to be moving on and we are going to move on immediately,” Block said. “Customers are going to see activity and they’re going to see the effort to try to change the direction this center has had for many years, no attention.”
Posts: 66,914
Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.
    Reply With Quote
Old 01-06-2009, 03:08 PM   #2
CrazyPhuD CrazyPhuD is offline
Meow
 
CrazyPhuD's Avatar
 

Join Date: Jun 2005
Casino cash: $10005050
Quote:
Originally Posted by Deberg_1990 View Post
The oval design also requires too much walking for the typical Kansas City shopper, Block said, so walkways cutting through the center of the mall will be highlighted.
wtf.......
__________________
"Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t*rd by the clean end"
Posts: 8,523
CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.CrazyPhuD 's phone was tapped by Scott Pioli.
    Reply With Quote
Old 01-06-2009, 03:09 PM   #3
bowener bowener is offline
BAMF!
 
bowener's Avatar
 

Join Date: Nov 2007
Casino cash: $9549897
I've never been there. How big is it compared to Independence Mall? How many Victoria Secrets' does it have?
__________________
Main Entry: bowe·ner
Pronunciation: \ˈbō-nər\
Function: noun
Date: circa 2007

Posts: 8,358
bowener has disabled reputation
    Reply With Quote
Old 01-06-2009, 03:10 PM   #4
blaise blaise is offline
In Search of a Life
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9999900
Good, that mall is an abortion. Especially the food court.
Posts: 22,188
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
    Reply With Quote
Old 01-06-2009, 03:11 PM   #5
bowener bowener is offline
BAMF!
 
bowener's Avatar
 

Join Date: Nov 2007
Casino cash: $9549897
Quote:
Originally Posted by CrazyPhuD View Post
wtf.......
I wont lie. I hate lazy people, and I am in good shape. But if I am shopping I do not want to have to walk 500 yards to the next store when I normally could have just walked across to it and saved myself 10 minutes and a lot of trouble. Think of the holidays, do you want to walk behind all those old fat blue hairs who are window gawking and trying to figure out a cell phone still? No. You dont.
__________________
Main Entry: bowe·ner
Pronunciation: \ˈbō-nər\
Function: noun
Date: circa 2007

Posts: 8,358
bowener has disabled reputation
    Reply With Quote
Old 01-06-2009, 03:12 PM   #6
Fish Fish is offline
Ain't no relax!
 
Fish's Avatar
 

Join Date: Sep 2005
Casino cash: $2578919
Quote:
Originally Posted by CrazyPhuD View Post
wtf.......
Mall shoppers are not fat and lazy enough.... we need to help them be fatter and lazier so they will spend more money on stupid shit they don't need....
__________________
Posts: 47,349
Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.Fish is obviously part of the inner Circle.
    Reply With Quote
Old 01-06-2009, 03:13 PM   #7
Micjones Micjones is offline
Whose house?
 
Micjones's Avatar
 

Join Date: Mar 2007
Location: KCMO
Casino cash: $10005180
Weird location. Weird design. Weird food court.
There's quite a bit wrong with that place.

I think the proposed changes will help out quite a bit though.

I usually only go there for Burlington Coat Factory.
__________________
It's like when I'm right I'm right, when I'm wrong I could been right, so I'm still right cause I coulda been wrong.
Posts: 15,344
Micjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby Piscitelli
    Reply With Quote
Old 01-06-2009, 03:14 PM   #8
Deberg_1990 Deberg_1990 is offline
In Search of a Life
 
Deberg_1990's Avatar
 

Join Date: Jan 2004
Location: San Antonio Tx.
Casino cash: $4124454
SO i take it this wasnt a Bannister Mall situation? More of it just being a sucky mall design?
__________________
Originally Posted by Cassel's Reckoning:

Matt once made a very nice play in Seattle where he spun away from a pass rusher and hit Bowe off his back foot for a first down.

One of the best plays Matt has ever made.
Posts: 66,914
Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.Deberg_1990 is obviously part of the inner Circle.
    Reply With Quote
Old 01-06-2009, 03:17 PM   #9
Micjones Micjones is offline
Whose house?
 
Micjones's Avatar
 

Join Date: Mar 2007
Location: KCMO
Casino cash: $10005180
Quote:
Originally Posted by Deberg_1990 View Post
SO i take it this wasnt a Bannister Mall situation? More of it just being a sucky mall design?
It's in such a weird spot.

Would've been more attractive to me off of 119th.
__________________
It's like when I'm right I'm right, when I'm wrong I could been right, so I'm still right cause I coulda been wrong.
Posts: 15,344
Micjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby Piscitelli
    Reply With Quote
Old 01-06-2009, 03:19 PM   #10
SLAG SLAG is offline
Superbowl MVP
 
SLAG's Avatar
 

Join Date: Oct 2005
Location: OOOOOOOOOOOOOLATHE
Casino cash: $9910252
They better start by cleaning the nasty ass bathrooms
__________________
Ad astra per aspera


Posts: 11,177
SLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby PiscitelliSLAG 's adopt a chief was Sabby Piscitelli
    Reply With Quote
Old 01-06-2009, 03:20 PM   #11
blaise blaise is offline
In Search of a Life
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9999900
I went there once with my two sons so they could play in the little play-land thing. We were there for a while and then some lady brought her mentally challenged son there to play. He had to have been at least 13 years old. He seemed harmless enough but then he went and sat in the tunnel underneath this fake tree and put his hand down his pants and starting eating boogers.
So we left.
Posts: 22,188
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
    Reply With Quote
Old 01-06-2009, 03:22 PM   #12
HC_Chief HC_Chief is offline
That's just f***in' stupid
 
HC_Chief's Avatar
 

Join Date: Aug 2000
Location: suburbia
Casino cash: $3687107
My wife will be pleased.
Posts: 12,355
HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.HC_Chief is blessed with 50/50 Hindsight.
    Reply With Quote
Old 01-06-2009, 03:22 PM   #13
Molitoth Molitoth is offline
Mahomes Fanboi
 
Molitoth's Avatar
 

Join Date: Apr 2004
Casino cash: $3234969
Out in the middle of f'ing nowhere when I went there.
Posts: 19,459
Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.Molitoth is obviously part of the inner Circle.
    Reply With Quote
Old 01-06-2009, 03:23 PM   #14
Micjones Micjones is offline
Whose house?
 
Micjones's Avatar
 

Join Date: Mar 2007
Location: KCMO
Casino cash: $10005180
Quote:
Originally Posted by blaise View Post
I went there once with my two sons so they could play in the little play-land thing. We were there for a while and then some lady brought her mentally challenged son there to play. He had to have been at least 13 years old. He seemed harmless enough but then he went and sat in the tunnel underneath this fake tree and put his hand down his pants and starting eating boogers.
So we left.
Pretty sure I'm going to Hell now.
Thanks Blaise!

I just laughed my ass off.

__________________
It's like when I'm right I'm right, when I'm wrong I could been right, so I'm still right cause I coulda been wrong.
Posts: 15,344
Micjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby Piscitelli
    Reply With Quote
Old 01-06-2009, 03:51 PM   #15
Demonpenz Demonpenz is offline
I got Rice cookin in the micro
 
Demonpenz's Avatar
 

Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $3402136
wow I didn't realize that was the mall of great plans. The burlington coat factory has alot of shit in there but it was more like a wearhouse full of bunch of random shit.
__________________
Posts: 54,193
Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.
    Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 06:52 PM.


This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.