Malls reinventing themselves as mixed-use centers are finding that the conversions bring them higher rents for residential and office space—as well as retail.
Pyramid Management Group this year announced plans to introduce residential developments across its 14-mall portfolio to increase traffic and activity and keep them viable.
Federal Realty Investment Trust, developer of notable town center projects like Assembly Row outside of Boston and Santana Row in San Jose, is looking to energize its properties with new retail blood.
Tenants such as Dick’s, Boscov’s, Aeropostale, and Victoria’s Secret at Cumberland Mall in Vineland, N.J., may soon find delivery of their online orders moving out faster and easier.