Grand Opening: The Reinvention of the American Mall | Practical Law
Mall owners face tough choices about how to best reposition their retail shopping mall assets to address changes in consumer trends. Consumer preferences for online shopping and open air, mixed-use facilities are drastically decreasing foot traffic at many enclosed shopping malls. One recent case highlights the difficulties faced by shopping mall owners looking to redevelop their failing mall properties and anchor tenants whose property rights have become a casualty of that redevelopment.