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Rents may well go down, and many malls may live a second life as anything from indoor paintball arena ( http://www.specialopspaintball.com/forum/index.php?showt
by yasth 13y ago
Rents may well go down, and many malls may live a second life as anything from indoor paintball arena ( http://www.specialopspaintball.com/forum/index.php?showtopic=151375 http://www.specialopspaintball.com/forum/index.php?showtopic... ), megachurch ( http://www.palmbeachpost.com/news/news/report-megachurch-in-boynton-beach-mall-could-be-a/nL4GK/ http://www.palmbeachpost.com/news/news/report-megachurch-in-... ) to a secure datacenter ( http://www.lifelinedatacenters.com/data-center/indianapolis%E2%80%99-emergency-operations-center-anchors-former-dead-mall-turned-data-center/ http://www.lifelinedatacenters.com/data-center/indianapolis%... ) , but will anyone build new malls? I mean carriage houses have been renovated into everything from B & Bs to pubs to studios, but the carriage house is still dead.
If no one is willing to spend the money to seriously build a new mall then the mall is dead. It will still be part of the landscape for a while, just as you can see the remains of failed fast food chains, nuclear weapon launch sites, and pre-bussing decentralized high schools, but that is just reuse.
- vidarh 13y agoLots of places in the world malls are still being built at a rapid pace. London, for example, is seeing an ongoing stream of enlargment, redevelopment and new mall developments. For an example local to me, the Australian developer/mall operator Westfields has formed a joint venture with another developer to combine two local malls and redevelop them into one huge mall, which make Westfields 3rd huge mall in London: http://www.standard.co.uk/news/london/croydon-westfield-set-to-go-ahead-after-planners-support-1bn-scheme-8963792.html http://www.standard.co.uk/news/london/croydon-westfield-set-... Maybe large parts of the US just has too many/too large ones, given how many of them were developed pre-online shopping. And a problem with malls is of course that population shifts are far harder to accommodate when such a large area is operated as one unit. If the mall owner does not actively manage changes due to changes in the surrounding area, it can easily become obsolete as a whole.
- zevyoura 13y ago> just as you can see the remains of failed fast food chains There was an interesting recent episode of 99% Invisible about re-using old Pizza Huts: http://99percentinvisible.org/episode/u-t-b-a-p-h/ http://99percentinvisible.org/episode/u-t-b-a-p-h/