As retailers cut back cities confront ‘ghostboxes’ – SFGate
As retailers cut back cities confront ‘ghostboxes’:
The building, sitting derelict and silent on acres of asphalt, is now listed for sale at $10.5 million. But there’s been little interest in the near windowless warehouse-like building that occupies a lot the size of a dozen football fields.For potential tenants ‘it’s a hard pitch because for most uses it seems to be a bit of a tough fit,’ said Brian Ritter, business development director of the Bismarck-Mandan Development Association.
As the recession takes its toll on big-box retailers, more communities across the country are having to confront not just the eyesore of giant empty stores, but also the loss of jobs and tax revenue that follow.
The long-vacant former EXPO Design Center building at East Palo Alto’s Ravenswood 101, once thought to merge with the Home Depot next door to form a super-size building center, has now been divided into two spaces and houses a Nordstrom Rack and a Sports Authority. Both new retailers seem (from appearances: parking full, busy checkout lanes) to be doing quite well. A new microbrewery/restaurant (Firehouse Grill) has also recently opened and the former Circuit City location will soon reopen as a Mi Pueblo grocery store–EPA’s first supermarket in at least a decade.

