Mall Developers Eye Massive Expansion

Once a commercial dinosaur, the shopping center gets a new lease on life from redevelopment, reinvestment, and a rebounding economy.

1 minute read

June 2, 2004, 2:00 PM PDT

By Jeffrey Goodman


After a period of sluggish growth and languid sales, the traditional mall stands poised for a comeback, at least according to the International Council of Shopping Centers' latest convention in Las Vegas. Some malls, once considered a retail anachronism in the era of e-commerce and Wal-Mart, have been converted into mixed-use 'lifestyle centers' offering office, retail, and residential space in one project. Yet with interest rates low and a revived economy in the future, developers have as much as 140 million square feet of new shopping center space in the works.

Thanks to Jeffrey Goodman

Tuesday, June 1, 2004 in The Indianapolis Star

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