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Downtown Norfolk in prime position for more retail

Posted to: Business Norfolk

NORFOLK

Downtown is well-positioned to lure new retailers with its mix of restaurants, old buildings, cultural amenities, waterfront location, growing residential population, upscale mall and - in 2010 - a new light-rail system.

That's the early impression from consultants working with the Downtown Norfolk Council on a plan to enhance retail offerings, mainly around Granby Street.

"We have a real downtown experience here, and we want to capitalize on that," Margaret McCauley, principal of Downtown Works, based in the Washington, D.C., area, said after spending three days in Norfolk.

McCauley said that despite the current economic challenges, it's a good time to start laying the groundwork for growing downtown's retail mix.

"We will bounce back from this, and we will be ready when we do," she said.

Restaurants typically start the downtown buzz in revitalization efforts, McCauley said.

"Entertainment by itself will not be sustainable," she added. "You need full-time activity."

The one-year, $130,000 contract to develop and implement a plan will be funded from the council's membership dues and the Business Improvement District tax.

Downtown Works has completed similar plans in other cities including St. Louis; Austin, Texas; Nashville, Tenn.; Memphis, Tenn.; and Milwaukee.

Five to six years after developing a plan in downtown St. Louis, that city now boasts 100 new stores and restaurants, McCauley said.

Scott Schuler, another Downtown Works principal, said selling the idea of shopping downtown will be easier in Norfolk because MacArthur Center has already acclimated shoppers to downtown.

A Downtown Norfolk Council survey shows that the mall is the No. 1 attraction downtown.

McCauley acknowledged that the first deals bringing new retailers to the Granby district will be the hardest. "Then others will follow," she said. "It mushrooms over time."

She warns that it's not an overnight process - the recruitment period for signing a new retailer generally runs one to three years.

In the meantime, she suggests that property owners start fixing up their facades so Granby Street has a fresher look.

"We need to get things in better physical condition," McCauley said.

Independent retailers will more likely be attracted to the Granby district than large national chains, which tend to locate in malls and in new lifestyle centers such as Virginia Beach's Town Center.

"Urban-style retailers will understand there won't be free parking at their front door," she said.

Schuler said, "In downtown, you're selling the experience."

Debbie Messina, (757) 446-2588, debbie.messina@pilotonline.com

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Only Fortune 500 company?

Funny, I work in Chesapeake for a company that is just above 300 on that list and our neighbor, next door, is in the top 30 of that list. Oh and my mom retired from a company in Chesapeake that's in the top 200. I think you get the picture.

As far as attractions in Norfolk all have seen decreasing numbers as of late. Scope is all but a ghost of a building (hockey...LOL), ask anyone in the area and they would probably tell you MacArthur Memorial is named after the mall. There are a few restaurants downtown, but no bars (there are no bars in Virginia). Broadway shows? Tell that to my aunt who had season passes last year that were worthless after the company went bankrupt. Oh, you forgot to mention Waterside.

More retail in Norfolk? Yeah, next thing you'll tell me is they need a light rail system....

What makes downtown the

What makes downtown the Business hub? There are plenty of law firms in Virginia Beach. Also, isn't Smithfield Foods also Fortune 500 (I haven't looked recently). NS has a large building, but I believe a large portion of it is leased out. The headquarters is here, but most of the operations are not. Otherwise you are correct. Retail was on Granby, but much of it has been closing. First, I assume the landlords are too greedy. Second, brick and mortar is difficult. Third, parking and other issues are a pain. Fourth, US is going into repression so consumer spending will be off for a number of years. These paid contractors are citing the time period of the credit bubble for success. Credit bubble is gone, and it's highly likely American consumers will be hurting for a while. I'm not trying to be doom and gloom, but the American savings rate has been negative for a few years and this is whats on the plate. If I had lots of money (Paul Allen style) I'd buy a building on Granby and turn it into a classic arcade / game / computer museum. But not likely to happen, at least while I'm living in the area.

Are you serious?

I cant believe you asked "What else is there than the mall?" In addition to being the business hub of Hampton Roads and the home of the only Fortune 500 company in the area... How about a very respected art museum, the MacArthur Memorial, Nauticus, the Opera House, Chrysler Hall, shows, hockey & concerts at Scope arena, Broadway shows at Chrysler Hall, all the great concerts at the Norva, Tides baseball at Harbor Park, Granby theatre, the Wells Theatre, TCC, festivals at Town Point park, quite a few nice restaurants and bars. In addition you can take the ferry to Olde Town and go to the Childrens Museum, Commodore Theatre and all the shops & restaurants there too. I'm sure the mall is a huge draw to downtown, but to imply thats all there is is crazy. Personally, I think there needs to be some national retail presence on Granby in addition to the independents, but there is certainly plenty to draw folks there already.

Oh come on Pilot! Didn't you

Oh come on Pilot! Didn't you learn anything by quoting the NAR? Because the DNC (a group funded by downtown businesses to promote themselves) overpaid a consultant doesn't fit the headline. The DNC asked for suggestions regarding light rail stations, and I sent them a huge reply full of fresh new ideas (I even impressed myself!) and they didn't have the courtesy to reply. The fact is Americans are overspent, and retail will be down in Norfolk. Almost every building is on the market. Hardly any nightclub lasts because the rents are too high. Businesses seem to leave because the property owners are too greedy. Look at Relative Theory, that space is still empty. It *looked* like Norfolk was going to come up, but tie that to the credit bubble. Rents seem to be posted for all the new apartments under construction. $1740 for a 2 bedroom apartment in the new places going up near the YMCA. That is laughable!. 1000+ of these $1300-$1800 apartments coming on the market. This isn't DC. This isn't Brooklyn. I'll give them suggestions and my point of view for free, but they probably don't want it. Also, their little interactive map seems to leave off a LARGE number of downtown businesses. It mu

Insightful

So the mall is the number 1 attraction. DUH! What else is there? A battleship?

What a joke. The downtown council hires a consultant to tell them what is happening in downtown. What else did they expect the consultant would tell them? Paid to tell them what they wanted to hear.

LOL

I just saw two pigs flying!!

Pipe dreams

This is completely laughable. Traffic in and out of downtown Norfolk is terrible. Parking is terrible. Light rail won't be finished for a while yet and it only goes out to Newtown Road. This is a true case of looking at things through rose colored glasses.

St Louis

It has been a waste of money in St. Louis..
Any propaganda about it being great, is just garbage.

Debbie should come here and see for herself before she writes articles extrolling it. Assuming she lives through it.

The developments would make more money as masoleums.

.

COnsultant with a science

Man, that was revolutionary thought. How much was she paid again?

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