VCR (Value City, Relocated)
I wrote these descriptions with the intent to post them tomorrow, but it's just as easy (in fact, it's even easier) to upload them today... so just pretend it's Tuesday, y'all :P
For this week's teaser photos, we're continuing the theme from three weeks ago of looking at some changes within the Commons at Wolfcreek shopping center across N Germantown Parkway from Wolfchase Galleria. Except where those two photos were more recent news bits – the closures of both Macaroni Grill and Walgreens – the store seen in this photo last experienced news four years ago!
Shown here is the Value City Furniture store located at 8044 Giacosa Place. You'll note that this store looks rather snazzy – I, for one, really like seeing its new logo on the façade, as well as that black paint treatment they gave to the upper border of the building. I can't speak to the full accuracy of this statement, but it seems to me, at least, as if it is rather rare to see VCF's new logo on any of their stores; instead, seeing their old logo seems much more common. So why did this store get the new logo?
Hopefully I'm leading your train of thought to this destination: this store certainly didn't simply receive a new exterior logo in a random refresh. No, there's much more at play here. You see, Value City Furniture once was located in another space, approximately diagonally southwest from here. That space was much bigger, too: if I'm reading things correctly, 50,000 square feet compared to this store's 37,500. But Value City, I'm guessing, was faced with a conundrum: either move, or lose its lease.
This conundrum came about because Value City's old store was located in an end of the shopping center where there were ten other, smaller (I'm talking majority 1,600 square feet here) bays... nine of which were totally vacant. The rest of the center, on the other hand, was – and remains – pretty healthy; that was simply a dull area. So in order to give that corner of the plaza its shine back (so to speak), property owner Brixmor decided to demolish Value City Furniture and its neighboring, empty strip center storefronts in favor of a brand new – wait for it – 73,586 square foot Academy Sports + Outdoors, Memphis's second. (The first area Academy opened in a former Schnucks in Collierville.)
I can't find any info as to whether the only other affected tenant, Simply Fashion, relocated to elsewhere in the plaza or just outright closed. VCF, meanwhile, did indeed relocate elsewhere within the shopping center, to the building you see here – the building, in fact, that it would seem this entire Academy deal hinged upon, lest VCF would have been evicted from the center entirely. Good thing this building was vacant, then!
And just what was this building previously, you ask? Well, some of you more trained retail eyes out there might be able to recognize this architecture... this was none other than a Linens 'N Things, prior to that chain's demise in 2008. Rather incredibly for this area, the former LNT big box managed to remain vacant for six years, allowing this VCF relocation/Academy demolition-and-rebuild episode to proceed without a hitch. With all the vacancies that allowed Academy to take over its land as well as the one right here that allowed for VCF's relocation, it seems like this scenario simply must have been meant to be!
I remember the whole demolition and construction deal taking place myself, and being happy not only that Value City Furniture had been allowed to stay in the shopping center, but especially so that it was occupying an existing vacant big box in so doing. I'm sure I've said this before, but I absolutely love when stores backfill existing retail space!! Otherwise, those shells are a complete waste just sitting empty...
I've been linking to LoopNet images of the shopping center's former setup and lease plan throughout this description, and just for kicks, here's one more photo of the old VCF before its move.
(It's worth noting that the old VCF logo remains up on the roadside pylon. The more things change...)
Value City Furniture (now closed) // 8044 Giacosa Place, Memphis, TN 38133
(c) 2018 Retail Retell
These places are public so these photos are too, but just as I tell where they came from, I'd appreciate if you'd say who :)
VCR (Value City, Relocated)
I wrote these descriptions with the intent to post them tomorrow, but it's just as easy (in fact, it's even easier) to upload them today... so just pretend it's Tuesday, y'all :P
For this week's teaser photos, we're continuing the theme from three weeks ago of looking at some changes within the Commons at Wolfcreek shopping center across N Germantown Parkway from Wolfchase Galleria. Except where those two photos were more recent news bits – the closures of both Macaroni Grill and Walgreens – the store seen in this photo last experienced news four years ago!
Shown here is the Value City Furniture store located at 8044 Giacosa Place. You'll note that this store looks rather snazzy – I, for one, really like seeing its new logo on the façade, as well as that black paint treatment they gave to the upper border of the building. I can't speak to the full accuracy of this statement, but it seems to me, at least, as if it is rather rare to see VCF's new logo on any of their stores; instead, seeing their old logo seems much more common. So why did this store get the new logo?
Hopefully I'm leading your train of thought to this destination: this store certainly didn't simply receive a new exterior logo in a random refresh. No, there's much more at play here. You see, Value City Furniture once was located in another space, approximately diagonally southwest from here. That space was much bigger, too: if I'm reading things correctly, 50,000 square feet compared to this store's 37,500. But Value City, I'm guessing, was faced with a conundrum: either move, or lose its lease.
This conundrum came about because Value City's old store was located in an end of the shopping center where there were ten other, smaller (I'm talking majority 1,600 square feet here) bays... nine of which were totally vacant. The rest of the center, on the other hand, was – and remains – pretty healthy; that was simply a dull area. So in order to give that corner of the plaza its shine back (so to speak), property owner Brixmor decided to demolish Value City Furniture and its neighboring, empty strip center storefronts in favor of a brand new – wait for it – 73,586 square foot Academy Sports + Outdoors, Memphis's second. (The first area Academy opened in a former Schnucks in Collierville.)
I can't find any info as to whether the only other affected tenant, Simply Fashion, relocated to elsewhere in the plaza or just outright closed. VCF, meanwhile, did indeed relocate elsewhere within the shopping center, to the building you see here – the building, in fact, that it would seem this entire Academy deal hinged upon, lest VCF would have been evicted from the center entirely. Good thing this building was vacant, then!
And just what was this building previously, you ask? Well, some of you more trained retail eyes out there might be able to recognize this architecture... this was none other than a Linens 'N Things, prior to that chain's demise in 2008. Rather incredibly for this area, the former LNT big box managed to remain vacant for six years, allowing this VCF relocation/Academy demolition-and-rebuild episode to proceed without a hitch. With all the vacancies that allowed Academy to take over its land as well as the one right here that allowed for VCF's relocation, it seems like this scenario simply must have been meant to be!
I remember the whole demolition and construction deal taking place myself, and being happy not only that Value City Furniture had been allowed to stay in the shopping center, but especially so that it was occupying an existing vacant big box in so doing. I'm sure I've said this before, but I absolutely love when stores backfill existing retail space!! Otherwise, those shells are a complete waste just sitting empty...
I've been linking to LoopNet images of the shopping center's former setup and lease plan throughout this description, and just for kicks, here's one more photo of the old VCF before its move.
(It's worth noting that the old VCF logo remains up on the roadside pylon. The more things change...)
Value City Furniture (now closed) // 8044 Giacosa Place, Memphis, TN 38133
(c) 2018 Retail Retell
These places are public so these photos are too, but just as I tell where they came from, I'd appreciate if you'd say who :)