The State of Downtown Retail

[gman430]

Great to see 355 S. Main Street and 219 N. Main Street finally get leased. The number of empty storefronts downtown continues to drop. 

Edited November 3, 2023 by gman430

[gman430]

Anybody know when and where this is going? Haywood Mall?

https://gvltoday.6amcity.com/culture/bal-harbour-shops-pop-up-greenville-sc

Those are some very high end stores. Looks like it will last two months. More from Forbes: 

https://www.forbes.com/sites/claraludmir/2023/11/01/bal-harbour-shops-goes-on-tour-with-exclusive-traveling-luxury-pop-up-activation/amp/

Edited November 3, 2023 by gman430

[NewlyUpstate]

1 hour ago, gman430 said:

Anybody know when and where this is going? Haywood Mall?

https://gvltoday.6amcity.com/culture/bal-harbour-shops-pop-up-greenville-sc

Those are some very high end stores. Looks like it will last two months. More from Forbes: 

https://www.forbes.com/sites/claraludmir/2023/11/01/bal-harbour-shops-goes-on-tour-with-exclusive-traveling-luxury-pop-up-activation/amp/

In Raleigh they are setting up shop at the North Hills outdoor mall. We don't have anything similar to that here. I really hope they take over a vacant parking lot downtown.  I think that would be really cool. 

The operation of a restaurant would be a challenge though, so yeah maybe it's more likely to either go to Haywood or perhaps Magnolia Park

[johnpro318]

3 hours ago, NewlyUpstate said:

In Raleigh they are setting up shop at the North Hills outdoor mall. We don't have anything similar to that here. I really hope they take over a vacant parking lot downtown.  I think that would be really cool. 

The operation of a restaurant would be a challenge though, so yeah maybe it's more likely to either go to Haywood or perhaps Magnolia Park

Greenridge?

[gman430]

Warby Parker looks like it’s now open. If not then definitely sometime this week.

[GvilleSC]

2 hours ago, gman430 said:

Warby Parker looks like it’s now open. If not then definitely sometime this week.

Grand Opening is this coming Saturday. 

[gman430]

For the old Sabor space and opening in December: 

https://cureangvl.com/

Edited November 7, 2023 by gman430

[NewlyUpstate]

Good article by the Post and Courier today about this:

https://www.postandcourier.com/greenville/food/greenville-native-to-open-innovative-charcuterie-concept-in-former-sabor-space-downtown/article_ce673b88-74fb-11ee-9c96-4b91dac6050b.html

BTW, noticed the other day that their office is now open in the West End.. not sure how recent that is. It looks nice.

[gman]

Downtown was absolutely packed today, including the restaurants and the retail shops. We visited the King Arthur pop up shop for the first time today. The place was filled with people that were spending money. I hope Greenville shows it was worthwhile for them to be here so they will be back, maybe permanently. 

[gman430]

The former iStore space on Main Street is now under contract for $1,750,000: https://kdsproperties.com/properties/106-n-main-street-greenville-sc-29601/?pdf=13288

Edited November 8, 2023 by gman430

[gman430]

There sure aren’t many available retail spaces on Main Street left. The only ones I can think off the top of my head:

-Former Jersey Mike’s

-Former Crème Shack

-Former Snack Works 

-One space at Homewood Suites

-Bottom floor of Carolina Ale House

-Space next to Sofrito’s/The Goat

[Gville2012]

41 minutes ago, gman430 said:

 

-Space next to Sofrito’s/The Goat

Now officially just The Goat on both sides (dining room and bar), but regarding the space next to it I did see someone looking at it Tuesday and heard them say 'You'd think after seeing it this many times I would know the space by heart' so hopefully someone is heavily interested. 

[vistatiger]

On 11/7/2023 at 11:26 AM, NewlyUpstate said:

Good article by the Post and Courier today about this:

https://www.postandcourier.com/greenville/food/greenville-native-to-open-innovative-charcuterie-concept-in-former-sabor-space-downtown/article_ce673b88-74fb-11ee-9c96-4b91dac6050b.html

BTW, noticed the other day that their office is now open in the West End.. not sure how recent that is. It looks nice.

Ha! "Charcuterie"  never has that word come out of so many mouths until it became so trendy to do so.

[gman430]

Warby Parker is now open and the store was packed when I drove by a little while ago. 

Edited November 10, 2023 by gman430

[gman430]

For the old Smiley’s: 

https://www.wyff4.com/article/new-restaurant-downtown-greenville-former-smileys/45804278?fbclid=IwAR2Ni9k3NDiHW2GO94jvlQBhbf6AK0jqhLX5LdfUA7trGnOWUSQ6UGopjX4_aem_Aa_w8xdo2jVfE-0h6jDPQHS2wPYvlHQq_7y2-bDRqekOn-P1RtqTfOOjQ3H3cYMKSXs

[Den2Gvl]

They're only open four days a week for half the day. I don't see how that will be sustainable long term...

[GvilleSC]

2 hours ago, Den2Gvl said:

They're only open four days a week for half the day. I don't see how that will be sustainable long term...

I don’t know, but that may very well allow them to be adequately staffed with a slim crew to make it work well. Better than being understaffed and not cutting it. Who knows?! 

[gman430]

It appears Remax has closed their office at 225 N. Main Street.

[GvilleSC]

Carmella’s outdoor space got defined and planted this weekend. 
 

[gman430]

https://upstatebusinessjournal.com/retail-hospitality/anderson-sc-based-maren-main-announces-opening-date-for-downtown-greenville-sc-location/?fbclid=IwAR0kD_xEEDYW2XBu-OZ_f0Js_btcOwg3YtOZg5-D-hd8a2XKvDR7tRkU34M_aem_AaWY87uBwDRAO2mnMov5n9iPSGcEQeYBUO9uvHH-H_QIw042ZAr16MaLsofjKqujWxY

[gman430]

Work now underway for former Crème Shack location and 219 North Main Street.

[gman430]

The Vault is now open in the old Snack Works space. Their other location downtown is still open. 

[gman430]

Crème Shack to reopen late this month in same location according to their website: https://www.cremeshack.com

Only four available spaces now on Main Street if even that. 

Edited November 18, 2023 by gman430

[vicupstate]

25 W. Washington St.

Former Barley's location

[gman430]

For the old iStore: https://shopaugustine.com

Post & Courier is reporting that Crème Shack is going to be locating in what is currently Blaze Pizza. Makes no sense to me. I thought they were reopening in their old spot.  https://www.postandcourier.com/greenville/business/under-new-ownership-cr-me-shack-plans-return-to-downtown-greenville-in-pizza-spot/article_c6cce162-8dff-11ee-8584-7f2435e8ebe1.html

 

Retail vacancy drops to record low: 

Overall vacancy in the Greenville-Spartanburg retail market dipped to a post-pandemic low of near 3 percent as more residents and retailers continued to move into the region.

According to a third quarter 2023 report issued by Colliers South Carolina, overall retail vacancy in the Greenville-Spartanburg area stood at 3.04 percent--a far cry from the 10.81 percent of mid-2020, and the lowest such reported figure since the Covid-19 pandemic has ebbed. Overall retail vacancy in the region stood at 4.2 percent in the third quarter of 2022, the commercial real estate agency reported.

Submarkets with the lowest third-quarter retail vacancy rates included Travelers Rest (0 percent), Fairview Road in Simpsonville (.08), Clemson Boulevard (.34), Haywood (.38) Wade Hampton in Greer (.40), Augusta Road (.51) and Five Forks (.65).

Edited December 1, 2023 by gman430