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  1. TallySheet

    in Tallahassee

    Posted

    Dear All,

    I've had many joys over the past 3 years here on UrbanPlanet. I'm writing to let you know that I will no longer be active on this website. The memories from the conversations we've had here will never be forgotten. Thanks to all of you who have participated in making this forum what it is today. Hopefully many of you will join me on the soon to be released . Until then, be cool!

    -"Florida"

    :hi:

  3. Malls

    in Tallahassee

    Posted

    UPdate {sodEmoji.|} Tallahassee Mall

    Key investor in Feldman Mall Properties says company isn't looking out for shareholders

    Feldman Mall Properties Inc., owner of [Tallahassee Mall], is once again facing criticism from one of its stockholders.

    James W. Sight, who owns 850,000 shares of Feldman stock, or about 6.5 percent of the outstanding shares, said in a letter that "it is apparent that the current board of directors is incapable of managing the company for the benefit of its shareholders."

    The observation was based on the fact that the board has yet to act, after several months, on such issues as new tenant leasing, strategic alternatives on raising stockholder value, and a plan to buy back stock, Sight said in the letter, which was filed Tuesday with the U.S. Securities and Exchange Commission.

    "The current outside directors own approximately 9,000 total shares, and are totally disconnected from the economics of ownership," he wrote. "It appears that the current outside directors are more interested in the compensation they received for serving on the company's board than whether or not the company is run for the benefit of its shareholders."

    Source/More: TU

  4. Malls

    in Tallahassee

    Posted

    UPdate {sodEmoji.|} Tallahassee Mall

    Feldman has said in recent conference calls that it will consider selling asset(s) in one-off transactions as well. Moore said, "The buyers, whether they're portfolio buyers or one-off buyers, are just not really out there at the moment and it's hard to get financing."

    Moore believes Feldman wants to sell the whole company as soon as possible. "If they're not selling, it means they have no buyer. They want to sell it to someone with a bigger portfolio who can leverage their size. Ultimately, I think Inland will own Feldman," said Moore.

    Source: CoStar Group

  10. Malls

    in Tallahassee

    Posted

    O.K. I was born and raised most of my life in Tallahasse and know both malls well. Finding out the Tallahassee Mall was bought out by another company is a good thing, the former owners ran the mall to the ground. One such aspect I read earlier was the closing of Q Zar. Yes the corporation in the U.S. filed bankruptcy and closed many stores. Well the only reason it closed in the Mall was due to the owners hiking the rental space astronomically. When we reopened as Tilt there was some hot water with using the old logos so we became Tilt Tag.Then the rent got too high and we said a few colorful words and closed. The equipment sat inside the arena for several years before I cleaned it out and decided upon opening one up here in Pennsylvania now sometime in 2006. I hope the best for the mall with new owners, but we all know dirty laundry takes a while to clean up. And I read also some used the name Rex, good lord how long ago were you in Tallahassee?? the old Woolco building was renovated to a Service Merchandise in early 90s until it also closed and became 2 stores: Goodys and a seasonal shop.As for after Woolco closed I only remember Zayre and Ames holding the spot before Service Merchandise so Rex??? I dunno. The most aggravating removal the mall ever suffered was Walgreens Cafe, that place rocked.The center fountain was sad to go but had alot of problems in the 80s so went bye bye. I plan a trip to Tally in late Feb to see if any newer changes have happened but for now, we shall see. By the way if a new owner happens to read this, I would gladly return and open the Q Zar again, I still have 40 vests and the equipment to run one, just dont need the downstairs part it was an nuisance in the first place.I know the upstairs has partial renovations already but what was there when I last saw is fine by me.

    Does anyone think we should forward this to Feldman?

  16. Malls

    in Tallahassee

    Posted

    You mean they're still coming... we've been talking about Panera for I know at least a year now. It doesn't take that long to build a little-bitty Panera Bread Company.

  17. Malls

    in Tallahassee

    Posted

    Tallahassee Mall needs higher quality stores if it wants to come back. People need a reason to shop there. And while the renovation plans are great, the mall can be beautiful and still offer few quality stores.

    Who are the Anchor's remaining at the Tallahassee Mall:

    Belk

    AMC Theatres

    Burlington Coat Factory ♣

    Goody's Family Clothing ♣

    ♣ = Non-Traditional Department Store

    Belk alone cannot hold up the Tallahassee Mall, and the AMC Theatre attracts movie goers, not necessarily shoppers. So unless that can surround the theater with stores that could cater to its patrons, such as the Cold Stone Creamery basically creating a mini-food court in that area of the mall... there is little benefit in being located in that wing of the mall. There should be a Yankee Candle, Jewelry Store, Victoria's Secret, Hallmark Store in the area around Belk to replace the Military Recruitment shops. They should give another try at a arcade similar to Q-Zar (only much smaller than the previous) where there is now a long blank wall adjacent to the FORMER location of Garfield's.

    Tallahassee Mall should continue to move stores around, even if it means leaving two wings of the mall unoccupied. Everything from Dillards to Goody's could be moved around in that mall to fill empty spaces in the stretch from Monroe Entrance to Belk. The Monroe Street wings could be cut-off from the mall allowing Feldman an opportunity to do create somewhat of a hybrid mall, with this side of the mall serving as a Lifestyle/Strip center complete with stores such as Ross, Goody's, Shoe Carnival, Barnes & Noble, Oshman's, Guitar Store and the pending Panera Bread Company. If they're not going to renovate they need to come up with a more creative way to hold space (Governor's Square Mall does an excellent job at this) until a new tenant comes along. Feldman has had ownership of the Tallahassee Mall for 5 years and has done little to improve it. It seems this wouldn't be a difficult remodel, but it is going to take some money. I'm just praying they (Feldman) aren't the "slum lord" types.

  19. TallySheet

    in Tallahassee

    Posted

    Tallahassee Formalizes Sister City Relationship With District in Ghana

    March 19

    Contingent to Sign Agreement This Afternoon - Mayor John Marks will formalize the City of Tallahassee's newest official sister city relationship with the Asante Akim North Municipal Assembly, Ghana, this afternoon at 5:15 p.m. Mayor Marks will sign a formal agreement in the City Commission Chambers with the Hon. George Kyei Baffour, an assembly member from Asante Akim. The formal signing will then be followed by a reception on the second floor mezzanine of City Hall.

    The Asante Akim North Municipal Assembly is one of the 21 Districts in the Ashanti Region of Ghana. The city of Konongo-Odumase serves as the District Capital. Asante Akim covers a land area of 1,160 square km with an estimated population of 142,434 for 2006 (projection from 2000 Population Census).

    Asante Akim joins Ramat-Hasharon, Israel; Sligo, Ireland; Krasnodar, Russia; and the Caribbean island of St. Maarten in having formal sister city agreements with Tallahassee. The City Commission approved the formation of the relationship with Asante Akim in 2001, and representatives of the Tallahassee-African Sister Cities Coalition worked with their counterparts in Ghana to bring the delegation to Tallahassee for the formal signing ceremony.

  21. Malls

    in Tallahassee

    Posted · Edited by Florida

    Thanks for the UPdate JBarber. This is very sad news. But I'm encouraged to hear that they will remain in the market at the new Mall. I'd love to know what Feldman is doing about this.

  23. TallySheet

    in Tallahassee

    Posted · Edited by Florida

    Forbes: 25 real estate markets poised to fall

    One way to know where housing prices are headed is to look at their relationship to rents. As Fortune's data show, big declines are needed to bring prices and rents back in line.

    1) Orlando

    5-yr home price forecast: -34.2%

    Home price/rent ratio: 23.8

    15-yr average: 14.9

    2) Miami

    5-yr home price forecast: -32.2%

    Home price/rent ratio: 27.2

    15-yr average: 16

    4) Tampa

    5-yr home price forecast: -28.0%

    Home price/rent ratio: 21.4

    15-yr average: 14.5

    6) Fort Lauderdale

    5-yr home price forecast: -27.2%

    Home price/rent ratio: 24.5

    15-yr average: 15.7

    7) Palm Beach County, Fla.

    5-yr home price forecast: -27.2%

    Home price/rent ratio: 27.1

    15-yr average: 17.6

    12) Jacksonville

    5-yr home price forecast: -24.0%

    Home price/rent ratio: 20.1

    15-yr average: 14.3

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