Rethinking the Mall
Developers Rethink the Mall for the 21st Century
Source: nreionline.com
"Prior to the downturn the consensus in the real estate industry was that the days of the traditional regional mall were over. But a funny thing has happened: The recession has thrown a wrench into that theory.
Many of the concepts that were supposed to replace the regional mall, such as lifestyle centers and vertical mixed-use centers, suffered because of their reliance on discretionary tenants and limited trade area pulls, industry insiders say. Meanwhile, regional malls emerged from the downturn in relatively good shape."
Taking development of Malls on a site by site, community based decision making process makes all the sense in the world. I enjoyed the article. Thanks IREM
- Lori Burger | Flag this comment for review