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SIMON to build a mall in Matthews-Mint Hill area within next 18 months

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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Anybodyhome Grand Master

Anybodyhome

Posted
Posted

Here's a scientific study (it's a 5-page pdf file): http://www.cre.org/memberdata/pdfs/Shopping_Center_1985.pdf

Among many other possibilities, any time a piece of land comes up for re-zoning it has an impact on property values. The increase of traffic flow, noise and crime will be the three biggest factors accompanying a new mall to the area. The infrastructure to support the presence of the mall (road improvements, widening, traffic lights); more power lines, whether underground or above, will require digging or more poles. Parking lots are a favorite hang out for kids, even though some don't drive. Is your house located on a street that will become a major foot thoroughfare for the kids wanting to go hang out? These same parking lots are easy targets for those who make their living breaking into cars, especially around Christmas time.

Read about the history of the Eastland Mall here: http://en.wikipedia.org/wiki/Eastland_Mall_%28Charlotte,_North_Carolina%29

Now, this is not to say that the mall is going to turn the neighborhood into Coulwood. In fact, some of the safest areas of Charlotte are located nearby large shopping centers such as Southpark, Ballantyne and Matthews. Of course, when you look at the population demographics of these areas, you get a better picture of everything.

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Niner National Newbie

Niner National

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But this data is about shopping centers and not malls. Two are little different. I live off 51 in mint hill so the traffic will not increase by much. Traffic will explode on Idlewild Rd, Stallings Rd, and 51 in Matthews.

This isn't going to be a mall in the traditional sense. It will not be indoors. It will be more like an outlet center...at least that is what I've heard.

These two outlet centers will be the death of Carolina Place Mall. That place was already struggling a bit and now that there are two new major shopping centers to serve South Charlotte shoppers, Carolina Place Mall will die.

I wouldn't be surprised if one of these two new shopping centers does not meet expectations. Charlotte will be way over-saturated with malls after this place and Tanger are built. Something will have to give.

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pstall Newbie

pstall

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with the amount of demographic studies that go into this i wonder why both simon and tanger are doing this. maybe they think that with 74 getting another bypass built and some growth studies have shown that area goes up more. usually a mall is more methodical in the run up to be built but seems that there are just too many of the same things in the same corridor.

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