Glut of Obsolete Retail Space Forces Mall Owners to Re-Imagine Properties
Post date
November 25, 2015
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By Scott Suttell, Crain's Cleveland Business
“The country is just littered” with obsolete retail space. So says developer Stuart Lichter in this Wall Street Journal story about the need to re-imagine shopping center space, which mentions Randall Park Mall in North Randall. The paper says a “toxic brew of overbuilding, the rise of e-commerce and a wave of retailer bankruptcies” have forced landlords to find new-uses for once-lucrative properties.