We've chronicled some of the issues at Roosevelt Collection in the past and this story doesn't really add any new news about the problems facing the development (i.e. - a ton of vacant retail). However, one interesting tidbit at the end of the story talks about one step the new owner is going to make to hopefully improve the setting:
To improve the project, the developers plan to raze retail buildings in a median at the center of the project, converting the space into a public plaza with landscaping, water features and children's play areas.
“In its present condition, it's not very inviting,” Mr. McCaffery says. “It's not very pedestrian-oriented and it doesn't strike you as a place to quote-unquote gather. If we can do things that make it more of a place to gather, there is a market for that down there.”
It's an interesting idea and if it helps get businesses into the vacant retail we're all for it, however it might be short sighted if you ask us. We were intrigued by the buildings in the middle and thought it added a unique experience to the shopping experience. However, it's hard to complain about a developer removing concrete and replacing it with green space. The more the merrier.
On a personal note, we recently went to a movie at Icon Theaters and the place was absolutely packed. It's hard to believe that there aren't businesses who would want to capitalize on this traffic. Now that Magic is a partner, maybe he can deliver some businesses like he used to deliver the rock...Showtime:
(Hat tip: SoloMotorRow!)