Moorland Road, Brookfield, Wisconsinįairway Investments (Birmingham) and Pope & Land Real Estate (Atlanta) Proposed for redevelopment to a 38-acre mixed-use development with as much as 3 million SF of office, residential, and retail space.ĩ5 N. The mall would be redeveloped as a major mixed-use destination if the current plan moves forward. The Bon Marche Mall first opened in 1960.Ĩ01 N. The 43-acre property now serves as a business hub for a number of local and national companies. The property is to be renamed Perennial Business City.īefore its repurposing, the original Bon Marche Mall was the city's first enclosed shopping mall and eventually became a high-density office park that was renamed Bon Carré. The property is located in the Jurong Lake District, which is slated to become Singapore's largest commercial and regional centre outside of the city center. Mall is slated for conversion to a business park. Transformed into Bella Terra in the mid-2000s. Among other changes at this mall, Target is taking over the space where a Boston Store (Bon-Ton Stores Inc. The enclosed parts of this mall have been demolished. The mall was demolished in early 2009, first opened in 1980. The mall first opened in 1947.ĥ600 Bannister Road, Kansas City, Missouri Formerly owned by Capri Urban Investors (Chicago). A 43-acre property including the 869,000 SF BHCP shopping center. LIVWRK (New York) and DFH Partners (New York) pulled out of their deal to acquire the mall, following a similar previous attempt to buy the mall by CIM Group. The developer plan to take the closed mall and turn it into an outdoor mixed-use space with residential, retail and public space. IKEA’s acquisition of 945 Market Street (the 6X6 Building) in San Francisco is an example.īuildings with tenants such as REI, Petco, Ulta Beauty, Tillys, European Wax Center, Pizza My Heart, and AMC Saratoga 14 movie theaters would be kept following the new development. Complete re-tenanting of an existing mall through on major (new) anchor.Other non-retail users are also interested in these anchor slots, including data center operators, online retailers needing “last mile” fulfillment, and so-called dark grocery stores and ghost kitchens. Re-leasing of anchor slots to major alternate users, such as health care, sports or fitness, or location-based entertainment.Multi-family residential, whether ownership, rental apartments, and/or a form of affordable housing, or all potential viable uses in such re-purposing. All or partial demolition to allow for multi-family residential, whether ownership or rental.is an example, where the mall and surrounding area will be razed to make way for a new $3.5 billion regeneration project to emerge. All or partial demolition of the existing mall to allow for a more vital mixed-use program to emerge.Pembroke Lakes Mall (Florida) is an example, where the former Sears department store is to be converted to a Round One Entertainment Center. Separate repurposing of a single major department store pad.Some of the typical re-use scenarios for shopping mall redevelopment and re-use include: In general, malls are well-located within their host communities and situated at well-trafficked streets and intersections.Īssuming a mall is well-located, the options for redevelopment or fuller adaptive re-use are numerous. All the approaches are founded on highest-and-best use considerations, beginning with the quality of location. The coronavirus has not only propelled these changes but caused new shopping sensibilities to emerge as lock-down and work-from-home orders persisted.ĭepending upon local customer demand and interest from major new anchor tenants, shopping mall redevelopment is taking on a number of different approaches. Retail malls (and their anchor retail tenants) were already threatened by changes in out-of-home versus online shopping behavior, well before the Covid-19 pandemic. Shopping mall redevelopment and re-use projects are in planning or in active development throughout the U.S., and around the world. ![]() Environmental, Social and Governance Issues.Design Review for End-User Expectations.Tourism Destinations Strategy Consultants.Mega-Projects in Development – the Latest.Covid-19 and Key Real Estate Sectors – the Latest.Growth Monitor for Economic Development.Greenhouse & Vertical Farming Companies.Glamping & Eco-Resort Operators – the Latest. ![]()
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