Tag: mall

The Day – Finding a future for Waterford’s Crystal 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

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Coronavirus evacuee returned to isolation after visiting North Star Mall

SAN ANTONIOEditor’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

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US Mall Values Fall 60% In 2020

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

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Over 50% of mall department stores to close by 2021: Green Street

First, the department store closes. Then, the apparel shops try to scoot out of deals. This is a one-two punch that could trigger a wave of malls shutting for good over the next 12 months. 

More than 50% of the department stores anchoring America’s malls are going to close permanently by the end of next year, a new report from Green Street Advisors predicts. There are about 1,000 malls still open in the U.S. And roughly 60% of those have department store retailers, such as Macy’s, as anchor tenants, the commercial real estate services firm said. 

The coronavirus pandemic that

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