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Coradino sees ‘new mall’ rising
CEO Joe Coradino and PREIT are serious about recapturing vacant department store space and refilling it with new customer experiences. Just weeks after the opening of a Legoland Discovery Center at its Plymouth Meeting Mall in the Philadelphia suburbs, PREIT announced it had executed a lease at that property with 5 Wits, a live-action entertainment concept that immerses people into one of three adventures: Tomb, Deep Space, or Drago’s Castle. -
Quality Trumps Quantity
Shopping center owners added fewer centers in 2016, but demonstrated that less is more
As physical shopping centers battle furiously for customer share, more developers are realizing that bells and whistles aren’t just optional; they’re essential. No matter the size or scope, new shopping centers have to offer something extra to an increasingly discerning consumer — and the group of owners highlighted here is doing just that.