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This has been an off and on issue on bloomberg radio for a while now. A couple of weeks ago it stayed a topic for so long (days in a row). That I also find it
by lithos 9y ago
This has been an off and on issue on bloomberg radio for a while now. A couple of weeks ago it stayed a topic for so long (days in a row). That I also find it surprising.
Sometimes going against the market can be profitable when it falls in your favor.
Wouldn't be surprised if malls and retail space gets some sort of bailout. Especially with "X our jobs" (bring back, protect, stole) mantras that have been panning out really well politically.
- zeroer 9y agoI hope not. The writing's been on the wall for ten years.
- sjg007 9y agoThey've basically had to innovate (e.g. renovate) or die. A lot of mixed used as well. This is difficult for colder climates in general.. but you get outdoor malls with restaurants, shops and apartments/condos and maybe a hotel. Even then it can be difficult. Just like the large downtown department stores that went a while ago.
- ghaff 9y ago>Even then it can be difficult. Yep. The other problem is that if you're going to try to make your shopping mall vaguely mimic Castro Street in Mountain View, in addition to climate you're going to need Mountain View-like demographics. I can pretty much guarantee you that the shopping mall nearest to where I live that has JCP and Sears as two of its anchor stores isn't going to support a boutique hotel and swanky ethnic restaurants with sidewalk seating.