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Originally Posted by RobEss
I can't fathom who imagines the future of retail to still be these enormous hulks of enclosed shops and plazas. In the new era of Amazon hegemony, there's just no way this place will ever be profitable.
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Class A malls have never been more profitable. Retailers have are long waiting lists to get into top-tier malls.
Amazon is never going to stop higher end in-person retailing. In fact it's planning its own retail outlets, as are most e-commerce outlets.
It's the crap malls, in overbuilt markets, that have suffered. But in the NYC area, which is generally underbuilt, with few suburban malls built over the last 30-40 years, malls just don't go out of business.
Keep in mind, too, that most of the space at American Dream isn't going to traditional retail outlets, but to theaters, recreation, sports, hotels, theme parks and the like.
Quote:
Originally Posted by RobEss
And besides, who wants to shop in the middle of an unpopulated marsh when so many other non-soggy shopping options are nearby?
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I don't know what this means. The mall isn't being built in an "unpopulated marsh". You won't get soggy, just like you don't get soggy at the Riverside Square Mall in NJ, which is, yeah, next to a river.