In addition, the whole "malls are failing" rhetoric is a bit distracting.
"Developer owned" malls are mostly failing.
Companies like WalMart, Target, CostCo, etc. discovered the same thing that McDonald's did--own the real estate under the building for maximum economic leverage. That will never happen in a downtown, so the big companies are simply not going to go there unless the economics really work out.
"Developer owned" malls are mostly failing.
Companies like WalMart, Target, CostCo, etc. discovered the same thing that McDonald's did--own the real estate under the building for maximum economic leverage. That will never happen in a downtown, so the big companies are simply not going to go there unless the economics really work out.