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Old Posted Jun 6, 2017, 11:50 AM
Crawford Crawford is online now
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Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
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Quote:
Originally Posted by CIA View Post
IF American Dream is built, how would this impact other area malls since forecasts are calling for at least 20 percent to be out of business within the next 5 years.
American Dream is mostly non-retail uses, so probably should have limited impact on other nearby malls. It's more of an entertainment complex, with amusement parks, ski hills, ferris wheel, water park, etc. It's competition is more Great Adventure, HersheyPark and the like.

The NY area is underretailed compared to the rest of the country and never had the massive explosion of suburban retail in the 80's and 90's. I'm sure places like Garden State Plaza and Mall at Short Hills will be fine. If they aren't fine, then that's OK too, that's capitalism.
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