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  1. #1
    Registered User Senior Member
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    120

    What's Going to Happen to Old Malls

    Just talking about malls over lunch with some colleagues. I never go to malls anymore. If I can't buy it online, or my wife cannot pick it up for me, I just forever postpone the purchase.

    And it seemed like everyone else had moved in the same direction.

    So what is going to happen to old malls?

    Obviously, the newer and fancier ones will be okay for some time. But I've seen that smaller, older ones around here seem to be doing slow deaths. The department stores close. Tenants move out. They get no traffic.



    Are they just going to be abandoned? Tens of thousands of vacant square feet surrounded by thousands of unused parking spots blighting the neighborhood?

    Or are people redeveloping these dinosaurs?

  2. What's Going to Happen to Old Malls
  3. #2
    Registered User Junior Member
    Posts
    46
    Your guess is as good as anyones.

    The newer, higher end malls and centers are much more attractive. The internet makes shopping more convenient. So the need for so many malls is certainly less.

    Maybe they can be turned into affordable housing or office parks.

  4. #3
    Registered User Semi Pro Member
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    282
    Sounds like a good opportunity for a visionary entrepreneur.

  5. #4
    Registered User Semi Pro Member
    Posts
    269
    Quote Originally Posted by koulolo View Post
    Sounds like a good opportunity for a visionary entrepreneur.
    You're a much more positive person than I am. I assume these dead malls will be condemned by their local cities and used to expand government mal-investment.

  6. #5
    Registered User Senior Member
    Posts
    165
    From what I've seen, a lot of these malls are still in good locations. Just replaced by newer centers that usually have a mixed use / more urban vibe.

    I don't see why some wrecking ball love couldn't transform most of these to similar type projects. Or even new apartment complexes - I understand we are not building enough of those these days.

  7. #6
    Registered User Semi Pro Member
    Posts
    271
    We have one of these malls near me. The Macys and Sears both moved out. Just a lot of little stores left to die a slow death. Very depressing.

  8. #7
    Registered User Senior Member
    Posts
    115
    malls don't cut it anymore because mixed use is all the rage with developers and planners. so we'll just throw them away. kind of like building new football stadiums before we are done paying for the old ones.

  9. #8
    Registered User Senior Member
    Posts
    112
    Maybe they can be used as warehouses for Amazon?

  10. #9
    Registered User Senior Member
    Posts
    120
    Quote Originally Posted by Michelle_S View Post
    Maybe they can be used as warehouses for Amazon?
    seems about right!

  11. #10
    Registered User Junior Member
    Posts
    49
    +1 to Michelle. It really does feel like Amazon is taking over the retail word. Everything Store indeed.

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