A clash in Glendale, CA between a traditional mall and new 'lifestyle center' may be only the beginning.
"The closeness of Tuesday's special election, in which voters narrowly affirmed city approval for an outdoor shopping center proposed by Los Angeles developer Rick Caruso next to the Glendale Galleria, illustrates the ability of an established mall owner to raise obstacles for competitors...
More such battles could erupt as traditional, enclosed malls face new competition from rivals such as Caruso who favor so-called lifestyle centers, which typically combine dining, entertainment, specialty stores and housing in an outdoor setting."
Thanks to Chris Steins
Read the full story: Old and New Malls Square Off
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