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Topic: Latest: OCReg: GardenWalk defaults on $210 million loan

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1
AutoPost
Wed 12/23/2009 9:57a
This topic is for Discussion of Latest: OCReg: GardenWalk defaults on $210 million loan

The Orange County Register reports the developers of Anaheim GardenWalk, the outdoor retail mall near Disneyland have defaulted on their $210 million loan and are facing foreclosure. The article quotes GardenWalk spokesman Robert Magnuson, "The financing in no way will affect the customer experience at GardenWalk."

2
Dr Hans Reinhardt
Wed 12/23/2009 9:57a
Is anyone surprised by this? I'm not.
3
cheesybaby
Wed 12/23/2009 11:07a
Nope.
4
doombuggy
Wed 12/23/2009 11:23a
no shocker at all. I always thought it was like a carnival opening up next to DL. Why build a strip mall when Down town Disney was right there?
5
Lady Starlight
Wed 12/23/2009 11:25a
The GardenWalk is sad to say the least. There are alot of hoity toity shops in there that are always dead when it comes to customers. The design of the GardenWalk is pretty nice. It's a nice place togo and walk around and hear some music at night and would be a great place for people to hang and shop,if it weren't for the hoity toity places in there. Perhaps if they toned it to places where people could actually afford to buy a few things, and add more laid back restaraunts. They are trying to be high class, and it's back fireing on them. MY DD worked the Empty Grave, scary maze they had there this past Oct and as I walked around in all the shops I saw how dead it was and asked the people in the shops if it was always like this. They ALL said YES. It was always pretty much dead in there. All of the people in the shops said that it was because the shops they worked in had higher end thing's and most people that came through there would rather spend thier money at Disneyland, wich seemed to be where alot of poeple were headed to or comming from. ( one shop I went in had a tank top for $90.00)And that wasn't the only shop that was priced as so. It has alot that could be worked on tomake it work,but the shops they have there now just aren't working.
6
crapshoot
Wed 12/23/2009 11:25a
<<"The financing in no way will affect the customer experience at GardenWalk.">>

Huh? GW has no chance for survival what so ever. It is simply pathetic.
7
Lady Starlight
Wed 12/23/2009 11:27a
<<Why build a strip mall when Down town Disney was right there?>>

Yup!

But it could work if they changed the shops and added more relaxed places to eat. It could work for the locals more.
8
Kar2oonMan
Wed 12/23/2009 11:31a
>>MY DD worked the Empty Grave, scary maze they had there this past Oct and as I walked around in all the shops I saw how dead it was and asked the people in the shops if it was always like this.<<

Now that's themeing!
9
crapshoot
Wed 12/23/2009 11:32a
<<But it could work if they changed the shops and added more relaxed places to eat. It could work for the locals more.>>

That's what the Block was kind of designed to do, but they haven't been able to keep their anchor stores operating.

I just wouldn't base a resort type strip mall on local $$$.
10
oc_dean
Wed 12/23/2009 1:48p
Not just DtD .. there's also The Block just a couple miles away!

I will say though ... they got a great movie theater complex. Plus .. a rather cool bowling allie underneath. I hope the place does not go completely under.

One idea - What about the thought of Disney buying it?

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