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.
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.
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.
