Southridge future hinges on proposed deals
Southridge Mall’s seven-figure face lift could be the beginning of a turnaround for the South Side shopping center, which is battling competition from suburban retail complexes.
Macerich Co., the Santa Monica, Calif.-based company that owns and manages Southridge, started mall renovations late last fall and is working on additional plans to rejuvenate the mall’s retail scene with more tenants and shoppers. Bob Aptaker, Macerich’s vice president of development, said he is close to making two large deals: a new anchor store and a larger Target Corp. store.
“We are in discussions with Target, and they are interested,”Aptaker said.
The current Target store, built in 1992, contains 112,000 square feet, which Aptaker said is “just too small,and it doesn’t work with Target’s merchandising plans.” He said the new store would likely be in the range of 135,000 square feet.
Aptaker said he feels “very strongly” about signing a new anchor tenant. He is in talks with an apparel store that wants to expand into the Des Moines market with a 50,000-squarefoot store.
“I think it’s very likely that they will start construction in 2007 and maybe open later in the year,” Aptaker said.
Rick Dobesh, owner of Harrison’s Sporting Goods at Southridge, is glad to know that Macerich recognizes that it’s going to take some major changes like those Aptaker is talking about to breathe new life into the shopping center.
“You’ve got to have something big to draw people to the mall,” Dobesh said. “When you get the ‘monster’ to come, then the smaller retailers will follow.”
Bill Pirtle, who owns Pirtley’s General Store with his wife, Regina, likes the idea that the potential anchor would be a store that is new to Des Moines, which could draw new shoppers to the mall.
“I think it’s going to have to be something that offers something a little bit different than the other malls have,” Pirtle said.”We need to be innovative to compete.”
Pirtle, who has operated his store at Southridge for 15 years, doesn’t blame mall management for the mall’s struggle to keep its occupancy rates up.
“We’re not the only mall that has lost tenants,” Pirtle said.”The past couple of years have been challenging for everybody because there are more and more places to shop and only so many shopping dollars to go around.”
Just recently, Gap Inc. decided that the Des Moines market wasn’t profitable enough for two of its stores, including the one at Southridge, which is closing this week. The Merle Hay Mall Gap is also closing.
“Losing the Gap is a sad day as far as I’m concerned,” Pirtle said. “We need a good base of retail here.”
Along with the two large deals in the works, Macerich’s Aptaker is hopeful that his company’s investment in renovating parts of the mall will entice business owners to open new stores at Southridge.
The new 1,200-square-foot children’s soft play area in the food court is the first project to be completed from the renovation plan Macerich announced last October. The other renovations, which include new seating areas throughout the mall, new flooring and wireless Internet access in the food court, remodeled restrooms and a new family restroom, are slated to be completed this year.
Kelly Thevenot, Southridge’s marketing manager, said she already has seen signs of more visitors to the mall since the play area opened Dec. 1. Thevenot said she counted 21 percent more people in the mall the weekend the play area opened compared with the same weekend in 2005. She said that momentum continued through the holidays. On the Saturday before Christmas, mall traffic was up 58 percent from the previous year.
“Our traffic was up over the whole holiday season and sales were up too,” Thevenot said.
Dobesh said his sales stayed about the same this past holiday season compared with the year before. He hopes that this year’s renovations will help boost business from now on, and he thinks more holiday decorating outside the mall next season could also help draw in more shoppers.
“With the South Side being the fastest-growing part of Des Moines, the mall is long overdue for some efforts to try to get some new tenants,” Dobesh said.
Aptaker said he knows that a lot of work needs to be done at Southridge, but he is confident that Des Moines will support the investment his company is making.
“Every challenge has an opportunity behind it,”Aptaker said.”The South Side really wants Southridge to succeed, and we hope to bring in the momentum to make it happen.So that this is the beginning of the story of the revitalization of Southridge.