Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
having 11 bosses who are not on the same page about anything, as well as
suggestion...
4 months ago
April 22, 2010
Best Buy
Opens this Friday in Blackstone. Greendale Best Buy in Worcester will not make it to the end of the year. My humble prediction.
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5 comments:
Won't close before Xmas ....
Harry T
Worcester,MA
I dunno... 6 months in a dying mall that's painful to get to and even worse to get out of, with 3 other stores ~15 minutes away?
I'd drop it in a heartbeat.
Anyone know when Best Buy moved into Greendale? Or, how long until their lease is up? The only way I see it sticking is if it's close to done anyways.
With all due respect Neil, if you lived in Greendale or the towns to the North of Worcester, the Greendale Mall is a perfect location. There are really no national electronic retailers left in the game. I think all of the locations can be successful on their own.
As to when they moved into the Mall, I'm not sure of the date but I believe it was shortly after Lechmere went out of business.
As for the Mall access, I have never had trouble getting into and out of the Greendale Mall. But then again, I like seeing traffic jams, too. They give a city the feel that there is lots happening.
My recollection is that BB moved in there sometime after Lechmere Sales left in the mid 90's. Lechmere got into financil trouble. Again just my vague recollection.
That was also during the Mass real estate debacle of 1989 to 1997 which many people forgot about too fast. Took 8 yrs to turn that around and this time is much worse.
The mall expansion that took place about 10 yrs or so ago is looking like questionable decision. Of course hindsight is always nice.
Bill did David ever pay you on that bet? Maybe he was tight on money awhile back but I am sure he can now loook to one of his 19% friends out in Boston to lend him a double sawbuck to pony up to cover the Piedmont Beer Summit??
Now I am going to give my not so humble, arrogant, sarcastic, know it all opinion on something. Frankly it is more mere conjecture than anything.
Todays T&G (Fri 4-23) has a piece about an old brick factory building on Beacon St. Long story short a CDC type organization wants to raze the building and create low income housing for unmotivated human debris that does not know what a 6:00 am alarm clock sounds like.
Fast forward, Worc's Hysterical commission says the architecture on thIS building is worthy of historic perservaTION AND SO NOW THE the commission will go through the process of trying to enact a 12 month hysterical society moratorium..... a.k.a. demolition delay order. FWIW, I love older buildings with beautiful architectural details.
So.............meanwhile back at the Main South CDC ranch the low income housing afficiandos anxiously await the demo delay order at which point they will step forward with new plans that will save the old Hysterical building and rehab it in to 3 times as many units of low income housing than would have been biult there had the building just been razed. They will deemed heroes and saviors and receive their just rewards of more Home funds after which they will fall on their collective swords only to be reunited with 72 low income housing voucher virgins in the promised land only to go forth and procreate more low income housing clientele
And..............Barbara Haller is now concerend about architectural detail on Main South buildings???? huh ????? yet for the last 20 years she has said nothing as Main SOuth CDC has demolished many 3 deckers that all had nice architectural detailing. Ok they did save 4 of them and relocate them to new sites 200 feet away at a cost of $600,000 per building, only to sell them for about 165,000 each. I wonder how many of those are now under water?
Anyone ever stopped to think what would happen to all the Home funds loans the city is on the hook for, if all of a sudden the ravages of a real deflation hit the real estate market. City Hall has become the new defacto Worcester County National Bank & Guaranty Corporation. City had Best apply to the state for a banking license b/c you may need it to get TARP funds in the future. That's what Goldman did 18 months ago so they could get TRAP funds.......they became a bank
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