It’s no secret that a successful retail center of any kind in 2019 — be it an outdoor center or an enclosed mall — must re-jigger its mix to include a wide variety of food, beverage, and entertainment-based tenants.
Off-price retail, the dominant segment in malls and shopping centers, is also dominated by three brands.
Nearly 50% of customer traffic at off-price stores during Q3 moved through Kohl’s (15.4%), T. J.
Columbus millennials who missed the Golden Age of air travel and baby boomers who want to reminisce can take part in an immersive pop-up experience called “Pan Am Layover Lounge” at Gorilla Cinema at the River & Rich complex in Ohio’s capital city.
Despite the fact that real estate deals with restaurants are complex, risky, and require expensive buildouts, the revenue and traffic they churn is so remarkable that landlords continue to seek out more of them for their centers, according to CBRE’s research department.
Just months after the opening of 700,000 sq. ft. of new or remerchandised space, PREIT has declared a major victory for its long-term plan to uplift high-impact properties and dispose of low-performing ones.