The suburban shopping mall as we know it is dying.
Department stores are boarding up, classic mall staples like J. Crew and Abercrombie & Fitch are on death’s door, and Americans are increasingly turning to Amazon for their shopping sprees.
But in some cases, a new form of commercial center is taking shape to fill these massive buildings. Desperate to plug empty retail holes, mall owners are turning to less traditional businesses like gyms, grocery stores, and high-end restaurants to keep foot traffic flowing.
Some have even transformed parts of the buildings into office parks, medical facilities, or homes. Read more…