Key Points
- Unibail-Rodamco-Westfield’s Garden State Plaza mall in Paramus, New Jersey, is being renovated.
- After the upgrades are complete, Garden State Plaza will have a residential community, office space and an outdoor park.
- Many landlords are looking for ways to redefine their malls today, as retailers close up shop and consumers’ preferences evolve.
One of the most valuable malls in America is about to get a total makeover, further signaling how bricks-and-mortar retail is evolving to include places to work, workout and even live — not just buy clothes.
Unibail-Rodamco-Westfield’s Garden State Plaza mall in Paramus, New Jersey — considered one of the top 10 shopping malls in the U.S. based on sales — is being renovated to include office space, a residential area, more food options, a space for gym operators and yoga studios, a hotel and an open green space for the surrounding community to use....
RSK: This is what I am talking about! So much valuable land mass might as well make malls into neighborhoods.
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- - Volume: 7 - WEEK: 19 Date: 5/7/2019 9:46:14 AM -