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  • News The GardenWalk has been sold!

    This can be moved elsewhere, as it isn't really "Disneyland" news but I know folks on here were wondering who was going to buy the place.

    Read all the info here:

    GardenWalk mall in Anaheim sold | mall, property, group - News - The Orange County Register



  • #2
    Re: The GardenWalk has been sold!

    I'm curious to see what will happen with this property. I think it would have been wise if Disney bought this property up since DCA is doing so well and the company as a whole. But I guess I would prefer to see DTD get some TLC first.
    Jeff Wayne






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    • #3
      Re: The GardenWalk has been sold!

      its a good thing they changed the zoning for the mall and are now allowed to add more entertainment venues. The mall was set-up to have too many shops when the area should really have entertainment venues so that the locals and tourist especially convention goers can enjoy the place in the evenings

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      • #4
        Re: The GardenWalk has been sold!

        I wonder if they will use the entertainment aspect to try to bring more clubs into the mix to tap that audience Disney won't address... but you know the demand is there given Disney's drinking parties.
        Check out my blog - Coreplex: Rambling from inside the Grid


        Am I evil? yes, I am
        Am I evil? I am man, yes, I am

        Originally posted by sleepyjeff
        Disneyland was meant to be sipped not chug-a-lugged

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        • #5
          Re: The GardenWalk has been sold!

          oh thank god it's gonna revamped!! I hear angels singing!!! :lol: seriously that is awesome I am glad! Maybe this will bring some more people into that place.. get some betters stores.. maybe even not make it so desolate!



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          • #6
            Re: The GardenWalk has been sold!

            I just don't get why Disney would not buy this.....it seems like land they would want...i guess the price could have been too high but seemed like good land just not being used "right" from all the comments on other sites
            Happy Halloween!!!

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            • #7
              Re: The GardenWalk has been sold!

              its probably already owned by Disney
              they own that company and is a cover up
              Take a look at some of my models I make at kolbykonnection.com

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              • #8
                Re: The GardenWalk has been sold!

                Originally posted by mratigan View Post
                its probably already owned by Disney
                they own that company and is a cover up
                Don't know if you are serious or not, but one company that is involved with the GW aquisition does have a huge Disney connection. It could be coincidental.
                Be Cool Stay in School!
                Next year I'm trying for a summer internship at Stark Industries.

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                • #9
                  Re: The GardenWalk has been sold!

                  Originally posted by JerrodDRagon View Post
                  I just don't get why Disney would not buy this.....it seems like land they would want...i guess the price could have been too high but seemed like good land just not being used "right" from all the comments on other sites
                  Disney probably doesn't have use for it within the next 5-10 years. I can't imagine a new park being in development while Disney focuses efforts on Paris and Shanghai. I also have a feeling that Disney will be working on bettering currently existing areas of the parks to bring them to full potential (see: Fantasyland Theatre).

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                  • #10
                    Re: The GardenWalk has been sold!

                    Originally posted by JerrodDRagon View Post
                    I just don't get why Disney would not buy this.....it seems like land they would want...i guess the price could have been too high but seemed like good land just not being used "right" from all the comments on other sites
                    Yes, too high a price for Disney.
                    Also, while there are a lot of people in a very close radius at any given time (that is the hook to get companies to rent there), the only advantage it would have to pull those people away fom the parks is to have cheaper and/or better food and entertainment. No way the entertainment will be cheaper, as most of the people in the area are there for one reason alone: to enjoy Disneyland and possibly DCA. Once that money is dropped into Disney coffers, it's all about "getting their money's worth," which is a basic human trait not to be judged.
                    So, that leaves better or cheaper food. I'm not sure about "better," since I walked through there hungry once and balked at the not-cheaper prices. Lots of booze to drink, though.
                    In order for the food to be cheaper (but just as good), the rents have to be low enough to make it all work. I think this is the failing of GW: rents have been too high to sustain or even think about putting in a business there. (DTD probably has the same problem.) The corporate restaurants at the front are likely getting some discount, so that leaves the farther-in restaurants to make up the investment return for the owners.
                    As we have seen through these various bankruptcies and attempts by now-owned banks to sell the place, the price is still too high.

                    I'm guessing the new owners got a big discount from the $280 mil. Probably less than $200mil.

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                    • #11
                      Re: The GardenWalk has been sold!

                      Originally posted by JerrodDRagon View Post
                      I just don't get why Disney would not buy this.....it seems like land they would want...
                      Why would they want it? They are already paying for a ton of land that is just sitting there empty. Buying this would be even worse, as you would actually have to pay to run the thing.

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                      • #12
                        Re: The GardenWalk has been sold!

                        I don't know either Swampy
                        Take a look at some of my models I make at kolbykonnection.com

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                        • #13
                          Re: The GardenWalk has been sold!

                          I think a couple more bars, better parking (currently you only get 2 hours free with validation), and upgrades to the movie theater could make this place a success. It'd be nice to get more high end nightlife, but in all honesty it probably wouldn't work in this part of Orange County.

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                          • #14
                            Re: The GardenWalk has been sold!

                            Originally posted by JerrodDRagon View Post
                            I just don't get why Disney would not buy this.....it seems like land they would want...i guess the price could have been too high but seemed like good land just not being used "right" from all the comments on other sites

                            and we all thought they would too ...it just seemed soo.. right!!



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                            • #15
                              Re: The GardenWalk has been sold!

                              On the Disneyland website it says you can use your AP for discounts at Garden Walk. They have something to do with it!

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                              • #16
                                Re: The GardenWalk has been sold!

                                Originally posted by mr. peabody View Post
                                On the Disneyland website it says you can use your AP for discounts at Garden Walk. They have something to do with it!
                                the disney site has always said that. places like CPK give discounts while PF Changs and others do not.

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                                • #17
                                  Re: The GardenWalk has been sold!

                                  If they are going to build a third park south of Katella, then buying the GardenWalk seemed like it would be a good move for Disney. They could have renamed it "Uptown Disney" or something, and put in a PeopleMover-style transportation system that would connect the entrances of all 3 parks, the 2 malls, and all the Disney-owned hotels. They would need the right-of-way through the GardenWalk area in order for that system to reach the third park. I'm surprised they didn't buy it, but maybe the company that did is a "partner" of Disney in some way.

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                                  • #18
                                    Re: The GardenWalk has been sold!

                                    I imagine that the blue sky folks at the WD company are considering the acqisition of GW in some capacity at some point in time, relative to the construction of the third gate. At some point, they will have to consider if the marginal rate of return of buying it is favorable. Right now, they don't see it as favorable. Or maybe it is the right thing to do eventually, but not right now.
                                    "She's taking everything. She's taking the house, she's taking the kid, she's taking the dog. IT'S NOT EVEN HER DOG. IT'S MY DOG! SHE'S TAKING . . . MY DOG!"
                                    - Ron Livingston, "Band of Brothers"

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                                    • #19
                                      Re: The GardenWalk has been sold!

                                      Originally posted by cakvalasc
                                      It isnt a sound investment and if disney were to buy that, they probably buy everything aroudn that area as well and expand the resort completely. Example image below.


                                      [ATTACH=CONFIG]24247[/ATTACH]
                                      I do think Disney would probably be wise to buy this entire block eventually as part of the next big expansion. But its going to take a lot of planning ... some of the existing infrastructure may be worth keeping in some Disney-fied manner (think Disneyland Hotel & Paradise Pier Hotel properties) while others may need to be bulldozed for parking lots or strawberry fields (a common "place holder" in SoCal land development) until the "ultimate" infrastucture is built.

                                      Another challenge is what to do with Katella and Harbor ... they could be placed "underground" or otherwise tunneled over to provide additional airspace for usable DLR land.
                                      "She's taking everything. She's taking the house, she's taking the kid, she's taking the dog. IT'S NOT EVEN HER DOG. IT'S MY DOG! SHE'S TAKING . . . MY DOG!"
                                      - Ron Livingston, "Band of Brothers"

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                                      • #20
                                        Re: The GardenWalk has been sold!

                                        To me, this says alot about Disneys plans for major expansion and a third gate. I
                                        think they dont have any. They dont even have a fourth hotel in the works which is absolutely unexplainable to me considering their occupancy rates. i think its clear they arent even considering any sort of expansion for the foreseable future.

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