Commercial Development - Walgreens Breaks Ground on New Walgreens Store in the Georgian Square Project (Near Southside - St. Louis, Missouri)

Todd - Although this project involves Walgreens (not Walmart), there was some opposition to the project.  The design standards were negotiated between the master developer and Walgreens developer to insure a historically compatible design, no marginal businesses in the ancillary retail spaces, etc.  However, the public opposition focussed on the parking lot and the need for a more urban design.  There was a host of examples of urban stores with underground parking, rear parking, or no parking.  However, parking can be a big issue for retailers and most do not want these types of parking situations if they can be avoided.  The current market has enough risks without adding design issues that hamper business activity to the mix. 

In Beaverton, is it Walmart or the public or government that keeps Walmart out?  In the City of St. Louis, Walmart has avoided placing any stores in the city proper.  It is a bit surprising because I would think that there is a market for such stores.  However, there are a number of reasons - including unions, politics and court system - that may make the city less attractive to Walmart.

Ann - It sure seems like it - but having been down in Lafayette Square for over 10 years without a pharmacy I am sure glad to see this one built. 

Todd:  I would add that it seems like Walmart doesn't have a strong interest in urban areas.  I think it boils down to their business model in our case.  I like the addition of Walmart.