[LA21st]

Originally Posted by Crawford

It's the same thing in NY-NJ. The Jersey Gardens outlet mall basically exists for tourists filling suitcases full of cheap consumer goods. There are masses of tour buses that go out from Manhattan and the airports to Jersey Gardens, Woodbury Commons and other regional outlets.

And everyone claims that retail is dead, yet top commercial streets and shopping malls have never been more successful. Just off the top of my head, in addition to this project, there's a new urban mall in Norwalk, CT anchored by Bloomingdales and Nordstrom, there are new Nordstrom and Neiman Marcus flagships in Manhattan (alongside a 1 million square foot retail center in Hudson Yards), Kings Plaza in Brooklyn has basically been completely rebuilt with new anchors, and there's a large outdoor mall planned for Syosset (LI).

Second tier malls and lower-end malls are dying, but first-tier retail is thriving.

Century City's new Westfield Mall is amazing.