There's a post today on the Downtown Bellevue Network site about how PetSmart is closing on Feb 2nd to make way for the Main Street Place development that was announced for the site at Main and 108th in 2021. This same development will also impact HMart, Office Depot, Blazing Bagels and the long closed Toy R Us space. What I'm interested to see is whether the four viable retailers at that location are able to find other retail space in or near downtown Bellevue. It seems to me that there is lots of unoccupied retail inventory in the lower levels the many the new developments that have come online in the last couple of years, but most of those spaces present challenges in terms of easy access parking. This is particularly true for stores like HMart and PetSmart where consumers often need a cart to car option. It'd be shame to lose these retailers in the downtown core, but also a missed opportunity to make use of existing inventory. There seems to be a misalignment in downtown Bellevue between the supply being made available in new developments to retailers/restaurants and the demand. I plan to cover this topic more comprehensively in a future post.
Downtown Bellevue PetSmart to Close February 2
No comments:
Post a Comment