If you were opening a U.S. shopping center in the “peak mall” era of the '80s, there was a definite formula: two department stores, a multiplex, as many national chain fashion stores as you could muster, and a gleaming food court. Simple.
That was the profile of Los Angeles’ Beverly Center when it opened in 1982. Today, however, that kind of retail mix is ancient history, and Beverly Center is in the midst of a $500 million radical reshaping. As reported in the Wall Street Journal, it’s part of a larger strategy by Taubman Centers to “double down” on mall investment in an effort to combat the shift to shopping online.. . . more