Sentences with phrase «enclosed malls»

"Enclosed malls" refers to large shopping centers that are completely covered, providing shelter from the weather. Full definition
Industry analysts say it provides a welcome change from enclosed malls.
It might be tempting to slot food halls as dressed - up food courts that are tucked into the far corners of traditional enclosed malls.
The 1.2 million sq. ft. enclosed mall accommodates all of today's successful formats, from time - tested department stores and specialty retailers to the latest entertainment offerings and big - box retailers.
These days, lifestyle centers are as varied in their quality as enclosed malls.
The challenging economic climate for enclosed malls is forcing operators to strike a delicate balance between form and function.
Even as department stores have lost favor and other formats have attracted consumers, the traditional enclosed malls retain an advantage that can't be underestimated.
«Tenants today really don't want to be in enclosed malls in smaller towns,» said developer Brian Pellowski, owner of PBK Investments.
For a bit of trivia — Wellington Square opened in 1960 as the first enclosed mall in Canada, and the first enclosed downtown mall in North America.
«With consumer spending continuing to increase, a lot of retail will be consolidated into enclosed malls,» says Richard Brown, executive vice president of international operations at DDR.
Amid the more than 1000 of enclosed malls in America, «we're going to come to the point where we have 600 or 650 that are configured the way they are today.
An obsolete two - level enclosed mall in Chicago will soon be transformed into a 594,000 sq. ft. shopping center, thanks to a $ 65 million redevelopment loan.
Inspired by the harsh winters in its main base of Minneapolis, Dayton blazed a retail trail in 1956 with a two - story indoor shopping center that became the world's first fully enclosed mall.
Puerto Rico's first luxury shopping destination, a state - of - the - art, two - level, enclosed mall featuring world - class shopping, fashion, dining and more.
The area also appears ready to embrace outdoor shopping, with the majority of new projects featuring open - air design and a large number of older enclosed malls being reconfigured to emphasize the outdoors.
As of May 7, the SNL US Retail REIT Enclosed Mall Index posted a total return of 9.98 percent, while its corresponding Shopping Center Index recorded a total return of 8.8 percent.
Both malls offer Dillard's, JCPenney, and Sears, both opened in 1980, and both malls were not the original enclosed malls in either city.
- ft. enclosed mall portfolio to Hendon Properties for $ 214 million.
The Simons» idea was to leverage the shopper traffic of department stores, which at the time were the apex of the retail food chain, within enclosed malls where those giants were the marquee attractions.
Initially using a handheld camera with the view finder at waist level, Ulrich remained anonymous while documenting shoppers engrossed in navigating the abundance of goods found in vast enclosed malls and big box stores.
The Santa Rosa Mall, a 750,000 sq. ft. Emerald Coast - area enclosed mall, has been sold to Radiant Partners LLC.
A privately owned developer whose product includes enclosed malls and office buildings in Canada, Sofran limits itself to grocery - or big - box - anchored strips in the U.S., says Zazalkoff.
«General Growth continues to do what it does best, which is buying, rehabilitating, leasing and managing dominant regional enclosed malls,» say Andrew Davis and Chandler Spears, the fund's portfolio managers.
The city's morphing retail scene reflects larger trends across the U.S.. For example, an upstart lifestyle center is stealing tenants from venerable enclosed malls.
Although specialty leasing may never be the moneymaking machine it is at enclosed malls, carts and kiosks will become more prevalent.
Their first effort: They recently broke ground on a new site in Manaus, a remote city of about two million in the Amazon, for a 450,000 - square - foot enclosed mall.
The REIT purchased the site from locally - based developer Faison Associates last year and recently announced plans to break ground in September on a $ 160 million, 1.2 million - square - foot, two - level enclosed mall called NorthLake.
Designed by Pasadena, Calif. - based MCG Architects, the project is a hybrid pairing the traditional, enclosed mall format with a trendy outdoor promenade.
that the condo association wasn't against Worldcenter's original enclosed mall design — but wants to better understand how the 63 - story tower will be affected by the shopping center's new open - air design.
The centers first appeared in small Midwestern towns to offer shoppers more variety than the typical enclosed mall.
In the 1970s, Ronald Rubin, Richard I. Rubin's son, directed the firm toward larger projects, particularly enclosed malls.
WP Glimcher's commitment to being all things to all people — owning enclosed malls, open - air centers, strip malls, as well as a variety of top - tier and bottom - tier assets — makes it hard for investors to wrap their heads around what exactly Glimcher is trying to accomplish.
Lifestyle center costs are significantly lower than the best enclosed malls in town — and that makes sense, since who knows how far people will walk in bad weather.
Even a store stuck in a corner of a big enclosed mall is all but assured a share of the traffic, says David Schulman, president and CEO with ChainLinks Retail Advisors Inc. in Atlanta.
CBL & Associates, owner of 67 enclosed malls primarily in the Southeast and the Midwest, has seen other formats siphon away traffic.
We wrote before about the New South China Mall in Dongguan, the world's largest enclosed mall and also one of its emptiest.
Today, Winwood Mall is called Winwood Town Center, and has been transformed from enclosed mall into a row of both Big Box and smaller stores in typical strip - mall fashion.
It bought its first enclosed mall in 2010 and its fifth in Zanesville, Ohio, earlier this year.
Macerich Co.'s the Oaks Shopping Center in Thousand Oaks, Calif., for example, is in the midst of a $ 250 million multi-phase renovation and expansion that is transforming the traditional enclosed mall into a contemporary shopping center with both open - air and enclosed shopping areas.
Inspired by the harsh winters in its main base of Minneapolis, Dayton blazed a retail trail in 1956 with a two - story indoor shopping center that became the world's first fully enclosed mall.
Formerly known as Plaza Internacional, The Mall of San Juan will be a two - level, enclosed mall featuring a 138,000 - sq.
Triangle Town Center stole Dillard's from Raleigh's oldest enclosed mall — nearby North Hills — triggering its closing.
The office sector posted a return of -0.5 % compared to 29.5 % for all retail REITs and 29.8 % for enclosed mall REITs.
Columbus - based Glimcher Realty Trust is developing the 1.2 million sq. ft. enclosed mall in Elizabeth, N.J.
If you are a retail REIT with a portfolio of enclosed malls, like Chattanooga, Tenn. - based CBL & Associates Inc., you can't take this lying down — you need a strategy.
- ft. two - level enclosed mall in Sarasota, Fla..
- ft. enclosed mall in Hickory, N.C..
Kniffen noted that in the fourth quarter of last year during the holiday shopping season, «traffic was down 8 or 9 percent in the enclosed malls and we saw growth online of almost 20 percent.»
Orland Park Place, on La Grange Road at 153rd Street, opened as an enclosed mall in 1981, but many of its stores went out of business and sat vacant for years.
Question: Would you rather shop at an indoor mall or an enclosed mall...
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