New Anchor Strategies for North America’s “Great Mall Sorting”
As the recent cultural and real estate realignment called “The Great Mall Sorting” continues, A-plus malls are thriving, while the B and C properties are gradually being repurposed, reused, and completely rethought, according to architect Sean Slater, senior principal at the architectural firm RDC in San Diego.
Shoppers today prefer open-air shopping centers, like Southern California-based developer/owner Caruso’s Americana on Brand in Glendale, Calif., shown here. Americana on Brand is part of a mixed-use development, so it has the feel of a town center.
(Photo by Stewart and Connie Photography)
As the recent cultural and real estate realignment called “The Great Mall Sorting” continues, A-plus malls are thriving, while the B and C properties are gradually being repurposed, reused, and completely rethought, according to architect Sean Slater, senior principal at the architectural firm RDC in San Diego. Related: Turning Malls into NeighborhoodAs department stores have pulled out, Class A mall operators have been pouring millions of dollars into reinventing themselves to survive and prosper by rethinking their anchor strategies based upon local needs and market demand. In recent news, Netflix just announced it will take over a two-story space formerly occupied by Lord & Taylor at King of Prussia Mall in Pennsylvania. Replacement anchors run the gamut, including a variety of entertai
