Mall owners turn from new tenants to complete redos

While the future of traditional malls continues to be in flux, new mall owners see the huge pieces of land as an opportunity to reinvent.


  • By Louis Llovio
  • | 5:00 a.m. August 30, 2024
  • | 0 Free Articles Remaining!
Benderson Development, which built The Mall at University Town Center, has bought the Crossings at Siesta Key.
Benderson Development, which built The Mall at University Town Center, has bought the Crossings at Siesta Key.
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While the conversation about the future of traditional malls often focuses on bringing them back to life with a broader tenant mix or experimenting with anchor space, the reality is that in many cases the best thing to do is turn them into something else.

The reason is malls are built on huge parcels that developers find attractive because the fundamentals and infrastructure are already in place.

 

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