Category: Mall

The Day – Finding a future for Waterford’s Crystal Mall

by  on  in Mall

A 2020 report by the National Association of Realtors reveals various case studies about what might be done with former mall properties, those temples to suburban retail consumerism that have fallen victim to changing buying habits in the era of Amazon.

Some attempts have been successful, some not, others remain fanciful but as yet unfulfilled.

In the Nashville neighborhood of Antioch, for example, the former Hickory Hollow Mall was supposed to be repurposed as a skating rink, community college campus and library. But in late 2019 the whole deal collapsed. Recently a new owner stepped in but has not announced

… Read More

Coronavirus evacuee returned to isolation after visiting North Star Mall

by  on  in Mall

SAN ANTONIO – Editor’s note: This story is a look back at some of the biggest developments of the COVID-19 pandemic in 2020. See a full timeline here.

On March 2, 2020, North Star Mall closed its doors for 24 hours for a deep cleaning after a potential exposure to COVID-19 from a coronavirus evacuee who had visited a few stores before she was notified of a positive test result and returned to isolation.

The visit set off a panic around the city. It was the first time San Antonio residents were made aware of a potential exposure to

… Read More

Surprise rebound after November dip

by  on  in Mall

Shoppers make their way through Grand Coastal Mall on Black Friday, as the coronavirus disease (COVID-19) pandemic continues, in Myrtle Beach, South Carolina, U.S., November 27, 2020.

Micah Green | Reuters

Procrastinating shoppers found they couldn’t avoid the mall during the holidays.

A data analysis released this week by Placer.ai shows how shopper visits to malls have ebbed and flowed amid the Covid pandemic. The research firm, which uses cellphone data to track consumer behavior, studied foot traffic at more than two dozen “top-tier” malls across the country over the span of the year.

Visits to the malls tracked,

… Read More

US Mall Values Fall 60% In 2020

by  on  in Mall
Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty)

Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty)

The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt underneath it.

U.S. mall values declined 60 percent due to appraisals in 2020, according to an analysis by Bloomberg News. Across 118 shopping centers with commercial mortgage-backed securities loans, about $4 billion was lost after reappraisals caused by delinquencies, defaults or foreclosures.

The data suggests a grim outlook for many malls across the country as some of the largest mall owners, including Brookfield Property Partners

… Read More