Foot traffic is "really, really good" in the Glendale shopping center and the gift shop's sales have been "amazing," said store manager Joe Paluso. The Village Shoppe also has stores at Southridge and The Shops of Grand Avenue.
"It's been great," Paluso said of Bayshore. "Our numbers are better than we thought."
Many retailers at metropolitan Milwaukee's first regional "lifestyle center" are saying the same thing as Bayshore draws positive reviews in its second holiday shopping season. Sales are exceeding expectations, and so far the $300 million project is paying off for tenants and lead developer Steiner & Associates, Columbus, Ohio.
Customer traffic at Bayshore was up 14 percent during Thanksgiving week, which is the start of the holiday shopping season, compared with the same week in 2006, said Beau Arnason, executive vice president with Steiner. Arnason declined to disclose sales figures.
"We're extremely pleased with the sales performance of the tenants," he said.
Despite the early success, Steiner & Associates doesn't plan to stand still. Chief among its goals for 2008 will be approaching Sears Holdings Corp. about terminating the final four years on the lease for the Sears store at the north end of the shopping center.
"You just have to see if things work out right at the same time for both parties," Arnason said. "It's definitely something we look at as a future opportunity."
Meeting planned for Sears
Steiner has no definitive plans for the Sears section of the center, Arnason said. Glendale city administrator Richard Maslowski said a meeting will be scheduled after the holidays to "determine if there's been any movement" by Sears. The city has acquired the former Goodyear Tire site north of the Sears store for possible expansion of the retail space, he said.
A spokeswoman for Sears, of Hoffman Estates, Ill., said the company is "not aware of any effort to terminate our lease prematurely" at Bayshore.
"We are committed to staying at the location until the end of our lease," said Kim Freely.
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