Conflicting Goals For WTC Shopping Mall

The underground mall was generating $900 per square foot in revenues -- three times the national average. Can this success be duplicated?

1 minute read

August 12, 2002, 3:00 PM PDT

By Chris Steins @planetizen

"The 427,000 sq. ft. Trade Center Mall had the ultimate captive audience. Between the towers' workers, tourists, commuters passing through and shoppers from other parts of Downtown looking for upscale retail shops, some 200,000 people poured into Westfield's 75 stores every day... Like Silverstein Properties, which is running into headwinds as it tries to replace all 11 million sq. ft. of office space, Westfield is also seeing signs of resistance. Of particular concern to the mall operation are plans for replacing the street grid in order to improve traffic flow and connect the community of Battery Park to the rest of Lower Manhattan."

Thanks to Urban Land Institute News Roundup

FULL STORY: Shopping for a Mall Solution

Saturday, August 10, 2002 in National Real Estate Investor

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