Even Victor Gruen, the architect who invented the enclosed mall
, ended up hating his creation.
Today's developers are building a new fleet of open-air lifestyle facilities in place of the enclosed mall
Target's alleged efforts to outbid Kmart for Sears, along with Vornado Realty Trust, was said to be a move to penetrate enclosed malls
, sources said.
Twenty-two percent rarely or never shop at enclosed malls
, with 18 percent of them citing safety as a factor, a total business loss of 4 percent due to security.
But the flip side to this trend is the growing interest of mass merchants in sites traditionally considered unfeasible, including urban locations and enclosed malls
Penman also said creating this type of enclosed mall
is an ``extremely high priority'' and would ``clearly be a unique destination'' of the type described in the Vision 2020 blueprint.
The single-level, enclosed mall
, constructed in 2006, is anchored by Dillard's, JCPenney, and Target and is 91% leased.
This new division is led by industry expert Peter Elliott who brings extensive experience in the enclosed mall
For the past several years, mall developers have become increasingly interested in building "open-air" centers, billed as an alternative to enclosed malls
, which have seen slipping foot traffic.
NYSE: RSE), a national owner and operator of regional enclosed malls
, today announced that it has commenced a multi-million dollar renovation of the Pierre Bossier Mall, located in Bossier City, Louisiana (Shreveport-Bossier MSA).
has announced the formation of an Enclosed Mall
Built in 1992, the Johnstown Galleria is a 354,625 s/f regional enclosed mall
serving as the retail hub of Johnstown, Pa.