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.
Top retail center developers and executives are all too aware of how the internet has redrawn the playing field, but all are equally convinced that centers fill needs digital experiences can’t begin to address.
Malls and shopping centers are real, physical places. That’s their advantage versus the internet. Shopping centers can at least aspire to be the third place. Websites cannot.
Macerich will soon be contacting potential retail tenants to fill an additional 225,000 sq. ft. of space proposed for the Fashion Outlets of Chicago in Rosemont.
