Archive for June 22nd, 2007

Shooing Away Buses

Some upscale shopping centers in Raleigh, N.C., are now forbidding city buses from entering mall parking lots, according to the News & Observer.

The rationale, one assumes, is that buses detract from the ambiance owners are trying to create at the properties. However, it’s creating hardships for workers at some of the stores that rely on public transportation to get to their jobs.

“Some people have to walk all the way to Target,” said Denise Watkins, 48, gesturing to the horizon beyond Brier Creek where she works. “They really don’t want shoppers unless they have cars.”

The city lists four shopping centers that have denied access: Brier Creek Commons, Towne North and Brennan Station on Creedmoor Road, and Bent Tree on Falls of the Neuse Road.

On weekdays, buses passed into Towne North each hour. The property manager, Debi Hunter, of Craig Davis Properties, began writing the city in March complaining about the buses. She described senior citizens afraid to leave the Kroger there for fear of being struck, adding that she often had to jump back to avoid buses. She asked that the city stop using the shopping center.

Carmalee Scarpitti, who works with the city’s transit program, called the danger exaggerated. She said a pedestrian would have to be halfway across the street to cross a bus’ path, and at the exact moment each hour.

Simon About to Hit India?

A report from Simon Property Group has inked a deal to build malls in India. The company–through subsidiary Simon Global Ltd.–will work in a 50:50 joint venture with Wadia Group to build ten malls in 10 years.

Simon would be the first U.S.-based REIT to enter India.

A Wadia Group spokesperson declined to comment on the development, saying, “The company policy is not to comment on rumour or speculation. As you will appreciate, our business plans and discussions are confidential.” SPG officials were contacted and an email was sent to the firm, but it did not respond to queries.
Although the exact contours of the JV could not be known, industry experts say the Wadia Group may offer the land bank required for the high-end malls as well as be the local liaison for licences and government approvals. Simon Global is likely to bring in expertise in planning, development and managing these malls. It could also bring in premium and luxury retailers into the country since it has been dealing with such retailers in its premium malls in the US.