Tuesday, May 15, 2018

Mall for One and One for Mall

Chain Store Age
It’s a turbulent time for many American malls, and several owners and operators have had success reversing the fortunes of underperforming malls by transforming them into mixed-use destinations. This can radically change a mall’s fortunes – particularly those with great locations and favorable demographics – but it is not a magic bullet. Mixed-use redevelopments take time. They come with design and development challenges, new value calculations, and complex economic, demographic, and leasing considerations.

For retailers, the process can be extremely beneficial, but also incredibly disruptive. They need to be attuned to the signs that a redevelopment is needed and cognizant of what they can do to navigate the process once it begins. . . . more