From Deseret News archives:
Holding pattern: Retailers are in limbo as downtown undergoes redevelopment
Nisar wanted to be near the Salt Palace Convention Center but found little restaurant space with City Creek Center construction. He gave up and began looking in the suburbs.
Business in Bountiful "is getting better every day," he said. "It's not as busy as it is in Salt Lake."
When construction ends, Nisar will turn his eyes again toward downtown: "My intention is that, but it will really depend on if I can get a good monthly lease rate."
A number of years ago, Len and Kris Hoffman purchased Bellezza, an upscale salon in Crossroads that had struggled financially, and turned the place around. It made a profit in its last two years, said Sue Russell, chief operating officer of Hoffman and Company.
As Crossroads closed, the Hoffmans looked for a new location.
"Because our margins were so tight, we had a hard time finding something that would make a good fit," Russell wrote in an e-mail. "It was hard to find a place that had the facilities that would accommodate a hair salon."
"We sold everything in the store for whatever we could get, then we locked up and walked away," Russell wrote.
David Giroux, of the Downtown Merchants Association, said some businesses have chosen to locate downtown. He cites the Keys on Main piano bar, Danish electronics store Bang and Olufsen, and the Acme Burger Co. as businesses that recently chose downtown locations.
"Businesses always will open and close, especially smaller businesses, especially when they're not larger corporations," he said. "Sometimes they don't have a good business model, sometimes their product is not in demand. That happens everywhere, not just downtown."
Department stores
For more than a year, Salt Lake City has lacked a high-end department store downtown.
Macy's closed its store at the ZCMI Center on Feb. 3, 2007. Nordstrom closed its Crossroads Plaza store Jan. 20, 2007. Days later, demolition began. And Salt Lakers altered their shopping patterns when looking for high-quality clothing and cosmetics.
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