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Seattle Retail Growth Is a Good Sign

By
Services for Real Estate Pros with ACCURATE REALTY GROUP

Downtown Seattle has two new retailers setting up shop. Target is in the works on second and Union right now. It is fun watching the vacant space transform into a familiar dry goods store. I am looking forward to seeing the distinctive red bulls eye go up. I'm excited because now I won't even have to get in the car for laundry soap and toothpaste!

 

JC Penney is making a come back to Seattle's urban core. I was pleasantly surprised to read about it in today's' Seattle Times. According to the news, Penney's will be a mere block from the new Target location on Third and Pike, ln the landmark Kress building where many of us shop at the IGA for grocery staples.

 

Both the Target and Penney store will be about half the size of their standard department stores. The Urban shopper concept has taken off well for both retailers, and the growth spurt we are seeing in downtown Seattle is allowing more moderate clothiers than Nordstrom and Barney's the opportunity to thrive in the downtown retail core!

 

Just another reason to love Living in Seattle!


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Comments(6)

Michael Thornton
RadnorLake Video - Nashville, TN
Nashville Area - Photography & Videography

Good morning Judi. One rarely hears or thinks about Penney's anymore. I hope that the larger online retailers don't do these stores in...

Sep 04, 2011 03:51 AM
Chris Alston
Chris Alston (Keller Williams Realty, Silicon Valley, California) - Campbell, CA
Silicon Valley, California

Yes, that is a good sign!  I wonder if it is a blip, or if indeed it is something that will continue.  Lets hope!

Sep 04, 2011 04:58 AM
Judi Boad
ACCURATE REALTY GROUP - Seattle, WA

Hi Michael~ Online is a great way to find things! I used to go online when I couldn't find something in the big stores, like bedspread, towels, even perfume, etc. Now I cut to the chase, pick out what I want online and save money on my purchase and shipping! 

Overstock.com, and RalphLaruen.com really pay off when you shop them online!

I still like to take a walk through the stores though, and clothes just never work for me online!

 

Sep 04, 2011 05:21 AM
Judi Boad
ACCURATE REALTY GROUP - Seattle, WA

Hi Chris~ Downtown Seattle is making headway in the growth department. Amazon just had a huge hiring spurt, StarBucks just made top business of the year, condo construction is back in full swing, apartment buildings are being completed, and there are several Fortune 500 Companies located in Seattle!...

I am shooting for "things are looking up" !

 

Sep 04, 2011 05:27 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Judi,

That is a wonderful sign.  When we had our commercial real estate office, we knew things were looking up when retail spaces were beginning to move.  Given that the rents have come down, it is an opportunity for those with a healthy bottom line to expand.  All the best, A

Sep 04, 2011 06:11 AM
Judi Boad
ACCURATE REALTY GROUP - Seattle, WA

Said so well A! Thanks for stopping by...

Sep 04, 2011 09:17 AM