Jeff Green / Chain Store Age – One of the most fascinating aspects of our ongoing economic recovery is the paradigm shift with respect to commercial development priorities. In the wake of the recession, new development has largely taken a backseat to redevelopment as developers and retailers alike have set their sights on opportunities in core urban markets that have been historically underserved.
News
South Mall to be sold
Sam Kennedy [The Morning Call] / Bloomberg Businessweek – A decade ago, nearly every storefront was occupied inside Salisbury Township’s South Mall. Today, vacancies abound. Of those spaces that are filled, a number aren’t even stores. One is a dance studio. Another is a dental office. “De-malling” — that’s what retail analyst Jeff Green, president […]
South Mall to be sold
Sam Kennedy / The Morning Call – A decade ago, nearly every storefront was occupied in the South Mall. Today, vacancies abound.
Of those spaces that are filled, a number aren’t even stores. One is a dance studio. Another is a dental office.
“De-malling” — that’s what retail analyst Jeff Green, president and CEO of Jeff Green Partners in Phoenix, calls it. He said the trend is playing out across the country: Malls unable to attract a sufficient number of stores are accepting non-retail tenants. They are transforming, he said, into “community centers.”
New Saks Fifth Avenue will have its own upscale place to dine
Justine Griffin / Herald-Tribune – When the new Saks Fifth Avenue department store opens at the Mall at University Town Center, shoppers can expect more than just expanded departments and two floors of merchandise. The 80,000-square-foot Saks space — one of the key anchors for the $315 million mall in Sarasota County — also will boast its own restaurant, and be one of the first in the chain to do so.
Lululemon hopes to bounce back in Bethlehem
Nicole Radzievich / The Morning Call – Reeling from recall of see-through pants, Lululemon to open showroom in the city.
Active women understand the value of a good sports bra, one that can endure a decade of exercise, sweat and machine washings.
Melissa Maioriello Waldron, a 29-year-old volleyball coach from Bethlehem, still has two durable bras she bought in college — one pink and the other turquoise — purchased on clearance at $30 a pop from Lululemon Athletica Inc. in New York City.
Major expansion set for Baybrook Mall
David Kaplan / Houston Chronicle – Baybrook Mall, already among the Houston area’s most profitable per square foot, will become one of its physically largest as well, through a major expansion announced Monday that will give it about the same footprint as west Houston’s Memorial City Mall. It would be surpassed in size only by the Galleria, a bona fide tourist destination that is known internationally.
