Poag Shopping Centers has long studded its developments with the restaurants, entertainment providers, and greenspaces that move traffic into retail centers. But the company’s chief is seeing new life for classic apparel shops, as well.
PREIT has been doing it, CBL is doing it, and now another big mall owner is offering special lease terms to local and minority-owned businesses to add variety to its tenant lineups.
Pandemic deserters are back and rents are up in Manhattan, office lights are flickering, and a corner property across the street from Diane von Furstenburg in the Meatpacking District has captured a major luxury watch Brand.