This closure comes on the heels of stores like Nike, North Face and Lululemon pulling out of the downtown area.
Downtown Seattle ’s Saks OFF 5th inside Westlake Center is closing on July 20. The store is located at 400 Pine St. This reported closure comes on the heels of stores like Nike, North Face and Lululemon pulling out of the downtown area. “It’s not great, we are clearly in some challenging times,” acknowledged a blunt Jon Scholes, the President of the Downtown Seattle Association .
, as did Forever 21 and Old Navy, the Abercrombie and Fitch, and Macy’s. There have been below market deals for the half empty Pacific Place, and old Coliseum Theater site which counted Banana Republic as a one-time tenant. The Meridian superblock, which housed NikeTown, is up for sale. Seattle Metropolitan Chamber of Commerce President Rachel Smith also said Friday she’s not happy about the trend. “It needs to feel safe and welcoming for customers and employees,” she said, noting that there is a cause and effect between retail sales and providing public services, arguing that the general fund gets 60% of its revenue from business taxes.
“I think all the public agencies and governments that have a presence downtown can help downtown by bringing their workforce back. That's the city of Seattle, that's King County, that’s Sound Transit, the Attorney General's office, the Port of Seattle. Government in our downtown employs tens of thousands of people who are customers for small business and arts and culture retailers.
Retailers Downtown Saks OFF 5Th Closure Vacancy Rate Westlake Center Exodus
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