May 2nd, 2007 categories: Elk Grove, Real Estate
Last night at Elk Grove City Hall, the Developer, General Growth presented Elk Grove Promenade to those residents attending. For those who were unable to attend…here is what you missed.
Macy’s is one of the key stores in the Open-air Promenade Mall along with Barnes & Noble and Cinemark Theaters. Other “major” stores will be announced later as soon as General Growth secures contracts with the remaining stores. The Elk Grove Promenade will be 1.1 million square feet on 107 acres. There will be 120 stores besides the 3–4 “major” stores.
The drawing above is a sketch of the Elk Grove Promenade handed out by the Developers last night. Click on upper photo to get a larger view. The main entrance will be off Bilby Rd (which will connect to highway 5) and Promenade Parkway.
Upper end stores were discussed but the demographics of the area, according to the General Growth, does not warrant upper-end stores.
The developer’s staff stated several times in the presentation there will be “continuous overhang for shade and rain protection.” However, the handout that was given to each attendee, states “partial coverings.”
The Promenade will have a street running through the center (hence the name-Promenade) of the Promenade Mall with limited diagonal parking. It became apparent in the presentation that this is a prerequisite of store owners. There is ample parking on the exterior sides of the stores.
The outer portion of the Elk Grove Promenade Shopping Mall will have a circular drive to bypass the interior driving area known as the Promenade which runs in the center.
After General Growth’s 3 point presentation, cards from the audience with their questions were addressed. Here are a few of the questions and answers:
Four Elk Grove citizen focus groups (consisting of 20–25 people in each group) have been meeting with the Developer during this process to come up with what Elk Grove wants and needs in a shopping mall. These focus groups consisted of two groups who were Elk Grove residents living in Elk Grove 5 years or more as well as two groups of new comers to Elk Grove.
There were many items not discussed during the presentation by the Developer which I found on General Growth’s website.
All of the City Council members at one time or another made an appearance to listen to the presentation by General Growth Developer.
General Growth will be presenting the Elk Grove Promenade to the Elk Grove Planning Commission on May 21, 2007 and if approved plan to open the Elk Grove Promenade by October 8, 2007.
If you haven’t seen the video of what the Elk Grove, CA Promenade will look like when finished, be sure to click on Elk Grove Promenade Video.
For an update of the Elk Grove, CA Promenade Mall be sure to check out the official website, Elk Grove Promenade.
According to the October 3,2008 Business Week article, General Growth Properties Staggers Under Debt Load, the developer General Growth Properties may be in serious trouble financially.
As the number 2 shopping mall company, stocks plunged and debt has skyrocketed. This giant will either be sold, parceled out or plead with the lenders for credit extensions. Either way, this is not good news for the Elk Grove Promenade Mall which has been set back several times, now.
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