QUOTE(accetera @ Dec 14 2015, 02:16 PM)
Jaya Grocer is already at Mutiara Tropicana. I don't think it makes sense to come into Tropicana Avenue unless if they want to relocate that branch which is doing well.
What I was told is Village Grocer is considering Tropicana Avenue. Not confirmed yet. Again they are in Sunway Giza which is quite close but Village's expansion appetite is much more bigger these few years.
Any of these grocers are walking distance to Lumi, but that is not the discussion point. Lumi itself will have its own marketplace component that will be leased only. Their team was present during Lumi Gallery official launch. I was told that B.I.G. has approached them and talks are underway. For me, the Lumi Marketplace has a decent size and open cafe concept to meet B.I.G.'s needs, however, the cons would be the insufficient space for loading/unloading and the large setback from road (for outdoor dining).
I also heard that B.I.G. was originally approached for Tropicana Gardens and they are not able to commit too large space there. So that is as good as off for now. The next big thing is the rental rates as someone like B.I.G. will take space at low rates. The most accommodative building owner/developer may just win in a challenging market.
As an investor, stratified mall is a negative point. And more importantly is one has to see the detailed design of the mall. Whether it is designed for mall-like experience or just shop-to-shop concept. High floor shops will not work if so.
Sori sori, yes it was village grocer, which is now gone as i heard, and ben's the new rumour but they are already into glo dsara so not sure if the rumour remains as just rumourWhat I was told is Village Grocer is considering Tropicana Avenue. Not confirmed yet. Again they are in Sunway Giza which is quite close but Village's expansion appetite is much more bigger these few years.
Any of these grocers are walking distance to Lumi, but that is not the discussion point. Lumi itself will have its own marketplace component that will be leased only. Their team was present during Lumi Gallery official launch. I was told that B.I.G. has approached them and talks are underway. For me, the Lumi Marketplace has a decent size and open cafe concept to meet B.I.G.'s needs, however, the cons would be the insufficient space for loading/unloading and the large setback from road (for outdoor dining).
I also heard that B.I.G. was originally approached for Tropicana Gardens and they are not able to commit too large space there. So that is as good as off for now. The next big thing is the rental rates as someone like B.I.G. will take space at low rates. The most accommodative building owner/developer may just win in a challenging market.
As an investor, stratified mall is a negative point. And more importantly is one has to see the detailed design of the mall. Whether it is designed for mall-like experience or just shop-to-shop concept. High floor shops will not work if so.
This post has been edited by seancorp: Dec 14 2015, 02:24 PM
Dec 14 2015, 02:24 PM

Quote
0.0185sec
0.41
6 queries
GZIP Disabled