News & Discussion: CBD Retail

[I Follow PAFC]

Rundle Mall shopping centre sold for more than $200m
RETAIL The former home of Harris Scarfe in Rundle Mall has been sold to a Sydney investment group, which is now looking for someone to take over the huge vacant space.

subscriber Only
https://www.adelaidenow.com.au/business ... 1dbe16945c

[The Scooter Guy]

Saw Nine West in the Myer Centre empty of stock today.
Another victim of COVID perhaps.

[Patrick_27]

Rundle Mall shopping centre sold for more than $200m
RETAIL The former home of Harris Scarfe in Rundle Mall has been sold to a Sydney investment group, which is now looking for someone to take over the huge vacant space.

subscriber Only
https://www.adelaidenow.com.au/business ... 1dbe16945c

Whilst there will likely be speculation on here for big, well-known international brands to take over the HS footprint, my money is on Big W taking over the first of the two levels and the second level becoming office space. If not Big W, maybe a Target/Kmart relocation or best yet, a Zara. Whilst not all that exciting, it seems like a safe bet for any landlord. The only thing I could see stopping a Big W is that it's Woolworths Group, and Coles is in the basement level.

[AndyWelsh]

So it’s all of Rundle Place that is going to be sold to the Sydney investment group Fortius. I initially thought it was just the Harris Scarfe space.

Apparently 23% of the centre is vacant and they might remix existing tenancies whatever that means.

They also said Rundle Place was “remarkably similar” to the MidCity Centre in Sydney. I agree. We’ve talked before on here about how similar that Harris Scarfe space is to the space Uniqlo have there on level 1 in Sydney.


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[AndyWelsh]

New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)



Seem to sell cereal and chips etc


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[nath91]

So it’s all of Rundle Place that is going to be sold to the Sydney investment group Fortius. I initially thought it was just the Harris Scarfe space.

Apparently 23% of the centre is vacant and they might remix existing tenancies whatever that means.

They also said Rundle Place was “remarkably similar” to the MidCity Centre in Sydney. I agree. We’ve talked before on here about how similar that Harris Scarfe space is to the space Uniqlo have there on level 1 in Sydney.


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Rundle Place is extremely similar to Midcity. Midcity is also a through mall, from Pitt Street to George Street. Has similar tenant mix including mimco, witchery plus just group brands like Peter Alexander. In addition to Uniqlo on the upper levels is Rebel and a Virgin Active.

Exciting opportunity for the centre given Fortius has relationships with these key brands already - here’s hoping a Uniqlo and even Virgin Active for the ex Harris Scarfe space

[Nathan]

New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)

Seem to sell cereal and chips etc

Is cereal a new trend? A "cereal cafe" just opened on Morphett St too.

[SRW]

New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)

Seem to sell cereal and chips etc

Is cereal a new trend? A "cereal cafe" just opened on Morphett St too.

From walking by, I got the impression this place on the corner of Gresham is just a convenience store, but you might be right about cereal trending. There's a new place in the Myer Centre food court with a 'cereal bar' (and, concerningly, also gelato, bao, hot pot...).

[SRW]

The former Asian grocer on the corner of Moonta & Gouger is being completely renovated. Anyone know what it might become?

[A-Town]

New store on the corner of Gresham Street (formerly a Gloria Jeans maybe?)



Seem to sell cereal and chips etc


Sent from my iPhone using Tapatalk

Looks like a convenience store

[SouthAussie94]

City Cross is up for Sale.

https://theurbandeveloper.com/articles/ ... -188448803

[Norman]

City Cross is up for Sale.

https://theurbandeveloper.com/articles/ ... -188448803

Didn't he sell it a few years ago?

[Patrick_27]

City Cross is up for Sale.

https://theurbandeveloper.com/articles/ ... -188448803

Didn't he sell it a few years ago?

I don't think the sale attracted the necessary interest and it was pulled off the market. I know that Makris has relocated is head office to QLD and refocused the company's an interest in beachfront/marina type retail (similar to that of Holdfast Shores) so this will explain the offloading of shopping centre-type property here in SA.

[AndyWelsh]

Update on Rundle Square - new açai bar soon to open facing the square:








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[timtam20292]

The “F-Duck” restaurant in Gouger Street now has a “For Lease” sign up in one of its windows.

Does anyone remember seeing this restaurant open at all? I certainly don’t and I walk past there all the time.