COM: [Glenelg] Bay Junction Shopping Centre | $60m

[roger explosion]

my parents own Great Temptations Caffe, and Andrew Taplin is making our life a living hell... this thing won't happen for a while yet.

[how_good_is_he]

Is there a re-development clause or compensation in the lease or do you have the option to come back once complete? Is Woolworths and all others having to close down also?

[roger explosion]

there is a redevelopment clause, and we are under contract to come back once completed... but it's an extremely long story that i don't know all the details about, but let's just say he is very ruthless, and isn't helping us. at all. i think we're getting out of there ASAP.

[teflon fox]

My wife owned and operated the same cafe for about 3 years and had to deal with Taplin as the landlord. She also found him ruthless
and un-cooperative - as did many of the other tenants. Rents also were exhorbitant - these will more than likely go up noticeably
after any redevelopment.

[pushbutton]

I do sympathise, but from what I've heard that's how most shopping centres treat their tenants (Westfield especially). It would be nice if they didn't, but they just seem to take the attitude that if one tenant leaves, another will be easily found to take their place, so they really don't care.

[JamesXander]

Ahhh yes Westfield are the worst. If you can't make the rent payments they will take your house instead. I don't understand how half the shops in places like Marion survive.

[Cruise]

westfield are white collar crimals

The rent you pay runs on a sliding ascale depending on how much you turnover.

and if you dont meet the turnover magins they set for you, they throw you out on you're arse.

[Xaragmata]

The Glenelg Cinema is up for sale - it was mentioned earlier in this thread that it was to be upgraded at part of Bay Junction, but
it may be knocked down instead if not viable as cinemas.

http://www.abc.net.au/news/stories/2008 ... 184125.htm
Glenelg Cinema up for sale
Posted Sat Mar 8, 2008 2:00pm AEDT

Glenelg Cinema, on Jetty Road in Adelaide's south-west, has been put on the market for $7 million.

[Wayno]

The Glenelg Cinema is up for sale - it was mentioned earlier in this thread that it was to be upgraded at part of Bay Junction, but
it may be knocked down instead if not viable as cinemas.

http://www.abc.net.au/news/stories/2008 ... 184125.htm
Glenelg Cinema up for sale
Posted Sat Mar 8, 2008 2:00pm AEDT

Glenelg Cinema, on Jetty Road in Adelaide's south-west, has been put on the market for $7 million.

My bet: the purchasers will build a tall-ish residential tower (8-10 storeys) with ground floor retail (but no cinemas), and maybe some pay parking...

[skyliner]

Would be a real pity to see such a cinema disappear. Not many left - so few in fact that they're beginning to draw their own crowds due to novelty/sentimentalism, ambience, film type etc etc. In brisbane there is a move to preserve one such cinema in operating condituon in Queen st. To seat at least 1000. (Called the Regent - bringing back the rather flambouyant style of the 1920's). Not to show teen/chick flicks and/or mindless, plotless films as I understand.

The architecture is genre specific (as with gothic churches). One such one also in Toowoomba QLD -(the Empire). A loss of such a style IMO is not good. Corrcct me if I'm wrong, I think there is a similar cinema in Goodwood and also on O'Connell St (the Piccadilly).

With all this in mind, I can cope with the idea of a resi block 8 - 10 floors high instead.

ADELAIDE - TOWARDS A GREATER CITY SKYLINE

[Will]

Instead of trying to preserve useless structures like toilet blocks and carparks the Holdfast Bay council should fight to save genuine historic buildings such as this. It would be a great loss to Glenelg if this elegant Art Deco building was allowed to be bulldozed.

[crawf]

To be honest but I thought this would already be heritage listed?. It would be a massive shame if the art deco cinema complex was demolished.

If Glenelg wants to continue to lure people to the area or be one of the top tourist precincts in the SA, its needs to have a decent cinema complex especially that its just up the road from undoubtedly SA's best cinema complex - Greater Union Megaplex Marion.

[Omicron]

To be honest but I thought this would already be heritage listed?. It would be a massive shame if the art deco cinema complex was demolished.

If Glenelg wants to continue to lure people to the area or be one of the top tourist precincts in the SA, its needs to have a decent cinema complex especially that its just up the road from undoubtedly SA's best cinema complex - Greater Union Megaplex Marion.

It would certainly be a shame for the facade to disappear, or for a business inappropriately suited to such a building to take up tenancy. Marion has the financial backing to be bigger, better, louder and whatnot, and no matter how much money could be poured into vast Senstadium-esque inprovements to Glenelg's interior, Marion is just too close and too large for Glenelg to be a realistic direct competitor. I feel their best opportunity (if it were to remain a cinema) is to offer something different; taking the approach of the Palace/Nova cinemas, and showing more so-called 'arthouse' films.

With that said, though, I just don't know if the market can support the number of cinemas it currently has. I'd be very surprised if attendance figures at cinemas in general were on an upward trend, especially given the huge rise in large-screen plasma and LCD televisions, home theatre systems, and the ease of obtaining newly-released movies for private consumption. I'll be damned if I can think of a use for such a large building that does justice to its imposing stance, though.

[paul]

It would be a great sheam if this building was knocked - it's art deco at it's best (not the hideous 60s revival stuff!). I just wonder if it could be turned into a theatre rather than a cinema? The main cinema is huge also has a large floor space which would lend itself for use as a theatre. Perhaps the council and / or the state goverment could step in....

[how_good_is_he]

The reality is the Vendor [Wallis family] is looking for $7m+ and building needs much more $$ spent. Big bucks and I doubt a cinema/theatre etc could generate enough to pay for itself. Interesting that they couldn't do a deal with Taplin next door [the logical buyer] - although they could be using the selling campaign to set the min. price he has to pay in the end.