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Tag: Malls

  • This North Texas shopping destination named one of 10 best malls in the US

    Santa’s display at Grapevine Mills is one of the mall’s most popular attraction. The mall was named among America’s best by “USA Today.”

    Santa’s display at Grapevine Mills is one of the mall’s most popular attraction. The mall was named among America’s best by “USA Today.”

    Grapevine Convention and Visitors Bureau

    When Grapevine Mills shopping mall opened in October 1997, the pop group Hanson performed in the food court. Of course, it included their hit “Mmmbop” released earlier that year.

    While some might be surprised to find that Hanson is still around — in fact, they are considering a 2026 tour —there can be no mistaking the longevity of Grapevine Mills. Not only is it a shopping landmark in the Fort Worth area, it is also among the top malls across the entire United States, according to “USA Today.”

    The publication listed the shopping destination — billed as the largest in North Texas — as the No. 8 best mall in its 10 Best Readers’ Choice Awards recently.

    “Grapevine Mills in Texas is no mere shopping mall,” USA Today wrote.

    “The honor of being named the No. 8 shopping mall by ‘USA Today’ readers is remarkable and emphasizes the commitment Grapevine Mills has to the community while continuously evolving the shopping center experience,” said Trudy Cresswell of Grapevine Mills marketing.

    ⭐ Our editors also recommend:

    While Grapevine Mills officials don’t release visitation numbers, suffice to say millions have gone through the 1.8 million square feet of retail shops that include the likes of Neiman Marcus Last Call, Saks OFF 5th, Coach Outlet and many more.

    And with Grapevine being the Christmas Capital of Texas and being named Best Christmas Town in the U.S. as recently as 2025 by Newsweek, the traffic throughout is at its busiest this time of year.

    Entertainment venues include Sea Life aquarium, Legoland Discovery Center, Peppa Pig’s Land of Play, Rainforest Cafe and Meow Wolfe museum. After-hours entertainment features The Escape Room, a bowling alley and an AMC movie theater.

    International shoppers can also shop tax-free and get their refunds at the new TaxFree Shopping inside Grapevine Mills. The state of Texas is the only state that allows international visitors to get their sales tax back on qualifying purchases at participating stores.

    “TaxFree Shopping provides on the spot, cash, sales tax refunds rather than having to submit a request to the state comptroller and wait for the refund check to arrive,” Cresswell explained.

    The destination is also expanding with the recent opening of a Primark affordable fashion retail store, only the fourth in Texas. Entertainment growth in the coming months will include the addition of Bubble Planet and Dig World.

    Bubble Planet is a global, interactive, and immersive experience with themed rooms, VR technology, and fantastical landscapes designed to appeal to all five senses. It features activities like a giant ball pit, a bubble room, and simulators.

    Dig World, fresh off an appearance on “Shark Tank,” is the first construction-themed adventure park in Texas. It will feature construction-inspired trick-shot attractions that complement its existing signature construction-themed experiences.

    Dig World’s underdog story took center stage on “Shark Tank,” where co-founder Jacob Robinson of Houston pitched his vision to millions of viewers in March. His son Pierce, who lives with significant special needs due to suffering from bacterial meningitis as a young boy, has always been mesmerized by construction equipment.

    “Grapevine Mills has led the industry in merging together highly desirable retail shopping with best-in-class family entertainment, making Grapevine Mills a destination of choice in North Texas and beyond,” Cresswell said.

    Related Stories from Fort Worth Star-Telegram

    Rick Mauch

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  • 4 ways shopping is changing at South Florida stores and malls

    Shopping in South Florida is shifting with new concepts and closures.

    The Sears store in Miami has added a dedicated Kenmore Studio, offering hands-on experiences with appliances.

    Barnes & Noble is launching in locations including Colonial Palms Plaza, offering spaces for discovery and community events.

    Aventura Mall has introduced a TSA PreCheck kiosk.

    And Claire’s, a staple for accessories, is closing numerous stores due to financial strains.

    See our recent coverage below.

    Interior view of the Miami Sears store’s recently opened Kenmore Studio showroom, on Thursday, July 31, 2025. By Pedro Portal

    NO. 1: MIAMI’S LAST SEARS STORE JUST ADDED A NEW HANDS-ON SHOWROOM. TAKE A LOOK

    The last Sears store in South Florida, one of only two left in the state, is trying a familiar name to bring customers inside. | Published August 4, 2025 | Read Full Story by Howard Cohen



    TSA agents check in passengers on Wednesday, May 7, 2025. By Pedro Portal

    NO. 2: A MAJOR SOUTH FLORIDA MALL ADDS A TSA KIOSK TO SPEED THINGS UP AT THE AIRPORT

    Getting through airport security faster can start with your next trip to the mall. | Published August 18, 2025 | Read Full Story by Cordell Jones



    Colonial Palms Plaza Barnes & Noble opens at 13605 S. Dixie Highway on Sept. 3, 2025, just after Labor Day.

    NO. 3: TWO BARNES & NOBLES STORES ARE OPENING IN SOUTH FLORIDA. SEE DATES AND DETAILS

    Barnes Noble is opening two South Florida stores. | Published August 29, 2025 | Read Full Story by Howard Cohen



    In this file photo from April 17, 2004, Bonnie and Marla Schaefer, daughters of Claire’s founder Rowland Schaefer, are pictured together at the Claire’s store in Pembroke Pines. They took over Claire’s Corporation at the time when their father stepped down in 2003. By C.W. GRIFFIN

    NO. 4: WHAT WILL THE TWEENS DO? CLAIRE’S CLOSING SOME STORES IN SOUTH FLORIDA. SEE LIST

    Claire’s, a mall boutique chain that began life as a Chicago wig store more than 60 years ago before it became a fashion favorite of tweens, teens and young women looking for accessories and jewelry, is set to close more than 290 stores. | Published August 30, 2025 | Read Full Story by Howard Cohen

    The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.

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  • Why These Small Businesses Are Moving Into Malls

    For decades, small company owners hoping to move their business or expand it to a mall were confounded by a lack of available space, or prohibitively high rents for empty storefronts. Now, as the number of big box and restaurant chains pulling out of those locations increases, the entrepreneurs that want to set up shop in shopping centers once reserved for giants like JCPenny, Macy’s, and Starbucks are finding mall vacancies in many parts of the U.S. — and at times paying lower per-foot rents than those corporate giants.

    The list of large companies that have gone bankrupt or closed numerous stores in 2025 has been long, and includes craft chain Joann, Party City, Kohl’s, Big Lots, Claire’s, Dick’s Sporting Goods, and many more. While not all the big retailers and food businesses shuttering outlets have been based exclusively in malls, many maintain sizable footprints in U.S. shopping centers — including Starbucks, which last week announced hundreds of location closures. The subsequent slump in occupancy rates at many malls is now allows many smaller businesses to set up shop in them for the first time.

    A recent study by commercial real estate company Cushman & Wakefield estimated the national vacancy rate in malls at 5.8 percent in the second quarter of 2025. While that may not sound high, it represented a 20 basis point increase over Q1, and a 50 point hike since the same period in 2024. That evolution is now leading many owners or managers of underoccupied shopping centers to rethink their earlier aversion to renting to smaller businesses, whose lower cash reserves often prevent them from taking on assured, long-term leases.

    Instead, according to a recent report by CNBC, entrepreneurs are not only finding vacant space in malls available to rent. But they’re often also negotiating considerable deals on rent rates, business set up assistance, continual occupancy services, and shorter lease durations from owners. Some shopping centers set aside space for smaller businesses on more flexible terms, in hopes of converting them to longer-term leases, according to ICSC, a trade association of shopping center owners. Not surprisingly, more entrepreneurs want o seize those opportunities to move into shopping centers.

    “That kind of access wasn’t on the table for startups and small businesses three years ago in most metro areas,” Teresha Aird, co-founder and chief marketing officer of the Offices.net real estate brokerage, told the business news channel. “Now it is, and they’re making the most of it to test physical presence without overextending capital… The result is a more flexible, opportunity-rich environment that can be a lifeline for entrepreneurs navigating tight margins and competitive markets.” 

    The new opportunities for smaller businesses to rent mall space aren’t evenly spread across the country. For example, experts note that availability of nearly any commercial space in the New York City area is so tight that even converted warehouses are tough to lease. But many major U.S. urban centers — especially in medium-sized city centers and inner-ring suburbs of larger cities where big retailers have shut stores — the chances for entrepreneurs to move in on malls are multiplying.

    To be sure, some shopping center owners continue betting they have more to gain by waiting for big box, anchor tenant occupants. Rather than renting to entrepreneurs with smaller budget looking for shorter leases at lower costs, many mall managers hold out for so-called “credit tenants” with large enough reserves to sign 5- to 7-year contracts at full market rates.

    But an increasing number of mall landlords are feeling enough pressure on their vacancy rates and revenue that they’re now looking to rent to small businesses — even some pop-up stores. Many are even adding sweeteners to bring entrepreneurs aboard.

    “In West Des Moines, a family-owned restaurant recently assumed an old chain pizzeria location at a rent of almost 30 percent below the original asking rent,” local real estate broker Jacob Naig told CNBC — adding the owner helped finance the kitchen redesign. “Such a deal wouldn’t have been possible just five years ago.”

    There also may be another factor at work in the small business migration to malls. According to a recent study by location intelligence and foot traffic data company Placer.ai, small and niche retail and food companies are helping transform the entire shopping mall experience.

    That involves giving consumers used to swooping in for fast, targeted buying blasts reasons to stay longer. Former single-store visitors to malls may now also get medical or wellness treatment, go to the gym, see local service providers, take in a spa, and enjoy a fancier meal than typical food court businesses usually offer.

    As part of that, entrepreneurs can take over prime locations that national chains gave up, and add local, quality goods, meals, and services that effectively rebrand some malls. At the same time, they benefit from the work of former corporate occupants, who previously researched and identified those spaces as good for business.

    “These spaces already had a site selection review, foot traffic, and locals are used to seeing activity in the space,” said entrepreneur Andy LaPointe, the owner of Michigan gourmet food company Traverse Bay Farms, who told CNBC he now operates locations in two strip malls. “But the magic happens when a small business brings, not a cookie-cutter replacement, but something unique, a place to linger and a sense of belonging… So when a national chain leaves a space, it isn’t just a gap, it’s a canvas for a small, local business to create something lasting.”

    And that, after all, is what small businesses do best.

    Bruce Crumley

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  • Italian marketplace Eataly to open at King of Prussia Mall on Oct. 2

    Italian marketplace Eataly will open its long-awaited location at the King of Prussia Mall on Oct. 2, offering a mix of dining options and imported retail, the chain confirmed. 

    The 21,000-square-foot space on the lower level of the mall’s plaza will include indoor and outdoor dining at Eataly’s La Pizza & La Pasta restaurant, which has a menu featuring Neapolitan-style pizza, burrata alla caprese, bucatini cacio e pepe and imported Italian wines. 


    MORE: As Dock Street turns 40, here’s how it grew from a countercultural idea into the oldest craft brewery in Philly


    Eataly also has several quick-service food options, including a Pizza alla Pala counter that will serve paninis and Roman-style pizza by the slice. The cafe Lavazza will offer espresso-based drinks and the pastry counter La Pasticceria will be stocked with croissants and other baked goods. For dessert, the Il Gelato counter will have a mix of gelato and sorbet options.

    Eataly’s marketplace has hundreds of made-in-Italy products from freshly baked breads and focaccia to extra virgin olive oils, sauces, ready-to-eat meals, produce, pasta and sweets. A fresh counter at the market will have pasta, premium meats, and cut-to-order salumi and formaggi. The wine store includes more than 450 Italian labels and a selection of Italian and local beers. 

    After opening day, Eataly plans to hold 10 days of tastings, demos and other activities at the new location. 

    “Our mission at Eataly is to showcase the Italian art of living through unparalleled experiences, transporting guests to Italy through our unique mix of retail and dining,” Tommaso Brusò, CEO of Eataly North America, said in a statement.

    Eataly has 16 locations in North America and more than 60 worldwide. The restaurant and market at the King of Prussia Mall, announced in 2023, will be the company’s first in Pennsylvania. 

    The opening will be the first of two major debuts this fall at the King of Prussia Mall. Netflix House, the streaming giant’s new entertainment venue with themed installations, restaurant and theater, will open in the space of the mall’s former Lord & Taylor store on Nov. 12. 

    Michael Tanenbaum

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  • Former CEO is finally facing the music for alleged sex trafficking and prostitution ring during his time at Abercrombie

    Former CEO is finally facing the music for alleged sex trafficking and prostitution ring during his time at Abercrombie

    Millennials: You’ll remember walking into Abercrombie & Fitch in the late ‘90s and early 2000s. Loud, thumping music, perfume so strong you could barely think straight, and posters of half-naked men were all part of the experience—and a desire to feel “cool.”

    David Turner/WWD/Penske Media—Getty Images

    Mike Jeffries, Abercrombie’s former CEO, was behind that vision. And on Tuesday, he and his partner Matthew Smith were arrested in Florida in connection with sex trafficking-related charges, according to a federal indictment. The duo, along with an employee of theirs, James Jacobson, allegedly ran an international sex trafficking and prostitution ring from 2008 to 2015 that allegedly involved paying for secret sex with potentially dozens of men, including 15 unnamed victims.

    The official indictment has been a long time coming. Last year, BBC released a documentary about Jeffries’ shady practices. The BBC investigation revealed that Jeffries and Smith allegedly used a middleman to find men to attend and participate in the sex events. Jeffries and Smith would allegedly engage in sexual activity with about four men at these events or “direct” them to have sex with one another, several attendees from the events told BBC. Jeffries’ personal staff dressed in Abercrombie uniforms and supervised the activity, according to the allegations, and staff members gave attendees envelopes filled with thousands of dollars in cash at the end of the events. 

    Large Abercrombie & Fitch sign featuring a man's unclothed torso

    LAURENT FIEVET/AFP/GettyImages

    The middleman “made it clear that unless I let him perform oral sex on me, I would not be meeting with Abercrombie & Fitch or Mike Jeffries,” David Bradberry, who was introduced to Jacobson in 2010 when he was 23 years old, told BBC. An agent posing as a model recruiter introduced Bradberry to Jacobson, who described himself as the gatekeeper to the “owners” of Abercrombie and Fitch, according to the BBC investigation.

    The federal indictment included related allegations and more.

    Jeffries’ shady past with Abercrombie

    According to a 2006 interview with Salon, Jeffries wanted to make the 130-year-old retailer into the hearthrob teen clothing brand of the time, which he successfully did—but not without offending swaths of people. His interview pretty much sums up his marketing approach as only making it about “cool” people. 

    “Those companies that are in trouble are trying to target everybody: young, old, fat, skinny. But then you become totally vanilla,” Jeffries told Salon. “You don’t alienate anybody, but you don’t excite anybody, either.”

    Brooks Canaday/MediaNews Group/Boston Herald via Getty Images

    By 2006, Abercrombie & Fitch’s earnings had risen for 52 straight quarters, with annual profits of more than $2 billion. Plus, the company had opened hundreds of new brick-and-mortar stores and launched three new labels, including Hollister. 

    “But the marketing approach that made A&F into a financial success also made it an HR and PR nightmare,” according to NPR. Abercrombie’s approach to marketing ignited a response from women through mock ads and a boycott call from the American Decency Association. Black, Latino, and Asian American employees in 2004 filed a class-action lawsuit against the company alleging minority applicants were discouraged from applying.

    In the early 2010s, Abercrombie started going south financially as a result of age discrimination and hiring practice lawsuits, and Jeffries’ 2006 interview with Salon started being circulated again and went viral. In 2013, Jeffries was named as the worst CEO of the year by TheStreet’s Herb Greenberg. To boot, CNBC’s Jim Cramer named him to his “Wall of Shame.”

    “Since its early trading in 1996, Abercrombie has barely beaten the S&P 500. It has dramatically trailed the index over the past one-, three- and five-year marks,” Greenberg wrote in 2013. “The past year, in particular, has been an abomination, leading activist firm Engaged Capital to demand his ouster.”

    By 2014, same-store sales slumped for 11 straight quarters and two of its subsidiary brands, Ruehl No.925 and Gilly Hicks, shut down just a few years after launch. Teens were just also over Abercrombie’s style at that point, and the shopping mall era was coming to a close. And in 2016, Abercrombie was deemed the most-hated retailer by the American Customer Satisfaction Index for its hypersexualized marketing and controversies. 

    Abercrombie’s second wind

    But as Abercrombie has distanced itself from Jeffries, the brand is making a major comeback after posting its best first-quarter earnings in company history this year. Abercrombie reported $1 billion in net sales, a 22% increase from 2023. Last year, its annual revenues were $5 billion.

    Shoppers inside Abercrombie & Fitch store in 2023

    YUKI IWAMURA/AFP—Getty Images

    This was an epic comeback for the brand. CEO Fran Horowitz took the helm in 2017, revamping stores and inventories as well as expanding sizes and introducing clothing for a variety of lifestyles. 

    “We moved from a place of fitting in to creating a place of belonging,” Horowitz said in a 2022 speech at the Fordham University Gabelli School of Business’ fifth annual American Innovation Conference.

    Sydney Lake

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  • Third Spaces: The Building Blocks of A Healthy Community and Social Life

    Third Spaces: The Building Blocks of A Healthy Community and Social Life

    Third spaces are public, informal gathering spots — like cafes, parks, or community centers — where people can relax, socialize, and build connections outside of home and work. In a world increasingly dominated by digital interactions, these spaces play a vital role in fostering community and countering loneliness.


    “Third spaces” refer to social environments that are separate from the two primary places where people spend most of their time: home (the first space) and work (the second space). These third spaces are informal, public gathering spots where people can socialize, relax, and build a sense of community.

    Sociologist Ray Oldenburg first introduced the concept in his book The Great Good Place. He argued that third spaces are crucial for fostering social cohesion, civic engagement, and a sense of belonging. They serve as “neutral grounds” where people can engage in casual conversations and form social connections that they might not in other settings. Places like main streets, libraries, cafes, pubs, and community centers are essential to a functional society and can provide avenues for grassroots activism, community involvement, charity and volunteer work, and social support.

    One of the most important features of “third spaces” is that they involve interacting with people outside of our typical social circle of family, friends, and coworkers. They introduce the possibility of new connections and new relationships. Other important qualities include easy accessibility, low cost, and an inviting atmosphere that encourages mingling and conversation.

    As modern life has shifted more towards digital interaction, the role of physical third spaces has become a topic of renewed interest among psychologists and social scientists, especially in discussions about loneliness and community fragmentation. People are spending less time in third spaces than ever before; and with remote work becoming more common, many people don’t have much of a life outside of home anymore.

    This general tendency has led to an increase in atomization, where individuals feel less and less connected to their local communities and society at large. This has far reaching consequences on health and well-being, as well as social trust, cooperation, and group cohesion.

    Third spaces play an integral role when it comes to happiness and well-being on both an individual and social level. Let’s mention a few common examples and then explore more on what makes these spaces so important to a healthy social life.

    Common examples of third spaces include:

    • Main streets and public squares
    • Cafes and coffee shops
    • Public libraries
    • Parks, nature preserves, beaches
    • Bars or pubs
    • Community centers
    • Bookstores
    • Churches and religious organizations
    • Local food markets
    • Music venues or dance clubs
    • Local sports leagues (bowling, basketball, baseball, etc.)
    • Shopping malls
    • Co-working spaces

    Can you think of any other examples? What are some neutral places where various people can go to meet new people?

    Ray Oldenburg argues that the increase of suburbanization and a “car-centric” society has decreased the use of third spaces and is one major cause behind our more atomized and individualistic world. Many adults living in suburbs have a long commute and a busy work schedule, so they rarely have time to spend outside of home or work. They live and sleep in their suburban homes, but they aren’t involved in their local communities in any meaningful way.

    Modern living creates a fundamental disconnect between home, work, and community, which can lead to feelings of alienation and loneliness. Third spaces can be a social glue that ties these different aspects of our lives together into a meaningful whole.

    As someone who grew up in Levittown, New York – one of the first mass-produced suburbs – I can relate to the feelings of atomization and not having many third spaces to hang out with friends during my childhood. The most frequent spots were typically shopping malls, bowling alleys, or parking lots, but there weren’t many other “public square”-type places where everyone could go on a weekend night. This made it difficult to build social connections or a sense of community outside of school.

    In Robert Putnam’s classic book Bowling Alone: The Collapse and Revival of the American Community, he documents the downfall of community feeling and social cohesion since the 1960s. Key factors behind this decline include changes in mobility and sprawl, family structure and time schedules, as well as technology and mass media. The rise of home entertainment including TVs, internet, and video games has made people less motivated to go to physical third spaces for leisure, socializing, or relaxation.

    There are many factors that have led to the decline in community and the use of third spaces. It’s tempting to want to blame only one thing, but the problems we face in today’s world are complicated and multifaceted. There’s no quick or easy fix for improving the use of third spaces, but we can be more aware of the role they play in our daily lives.

    Are Buses and Trains Third Spaces?

    Public transportation such as buses and trains share some qualities with “third spaces,” such as being neutral ground that anyone in the community can access, a shared experience of commuting together, and the possibility of social connection with locals and strangers. However, these places are typically not seen as “third spaces” because their primary function is transportation and not social connection. The average person on commutes tends to withdraw and mind their own business, so these spaces aren’t very conducive to new conversation or forming new friendships (although it’s definitely possible).

    Building Social Capital and Weak Ties

    When you frequent any third space (such as a cafe, bar, church, or library), you naturally start to see familiar faces and build light social connections there.

    This is what sociologists refer to as social capital, which is just an economic-centric term for relationships that we value, trust, and provide social support.

    Third spaces help form casual relationships (or “weak ties”) that can lead to huge benefits. One common example is learning about a new job opportunity or a possible romantic interest through an acquaintance or friend of a friend.

    Social capital can manifest itself in many small and hidden ways too.

    When I lived in Brooklyn, I would go to the same bodega every morning for my coffee and breakfast sandwich. There were a couple times I was in a rush and forgot my wallet, but since the store owner knew me well and recognized me, he trusted me enough to let me pay next time. That may seem like a trivial thing, but it’s something that can only be accomplished with a minimal level of trust or social capital. If I were a completely random stranger I wouldn’t get that benefit.

    Through third spaces, you begin to run into the same people, build a sense of familiarity and comfort, and start connecting with them on a level beyond random stranger, even just the act of seeing a familiar face and saying “Hi” can give a nice boost to your day (learn the power of “10 second” relationships).

    Find a Healthy Dose of Third Spaces

    No matter how introverted or extraverted you are, everyone needs a healthy dose of social interaction. Third spaces provide opportunities to meet new people, connect with a broader community, and expand our social circle. Often just finding one third space where you feel comfortable and connect with like-minded people can make a big difference in the quality of your social life. Find a third space that works best for you and make it a part of your daily, weekly, or monthly routine.


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    Steven Handel

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  • Urban Outfitters’ Reclectic store to host clothing customization workshop

    Urban Outfitters’ Reclectic store to host clothing customization workshop

    Reclectic, which sells discounted merchandise from URBN brands at the Philadelphia Mills mall, is hosting a clothing customization workshop in honor of Earth Month.

    The workshop will be held on Saturday, April 27, from 9 a.m. to 12 p.m. at the store. During the event, which will be put on in collaboration with textile recycling nonprofit FabScrap, attendees can use fabric waste to accessorize clothing that they select from Reclectic’s inventory.


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    Tickets for the event are available online for $50 each. Attendees will be invited to shop Reclectic’s inventory one hour before it opens to the public. Each customer will receive a small shopping bag to fill with up to five products, including one shirt and one pair of pants or skirt to use in the workshop.

    Then, staff from URBN and FabScrap will assist attendees in using fabric waste patches and scraps, as well as other customization techniques, to create unique, eco-friendly clothes. 

    Net profits from ticket sales will be donated to FabScrap, which has made use of nearly 100,000 pounds of fabric waste — the equivalent of about 10,641 trees planted — from Philly-based URBN alone, according to the company.

    Reclectic, which opened in August, carries a wide variety of new products, unsold samples created during the design process and lightly used merchandise ready for thrifting from all of URBN’s brands — including Anthropologie, Free People and Urban Outfitters. Inventory from URBN’s clothing rental program Nuuly is also available for purchase.

    The 40,000-square-foot space houses an ever-changing selection of apparel, shoes, accessories, furniture and home goods. Products are discounted up to 60%.

    Reclectic is open Monday through Tuesday from 12-7 p.m., Wednesday through Thursday from 11 a.m.-7 p.m., Friday through Saturday from 10 a.m.-8 p.m. and Sunday from 12-6 p.m.


    Reclectic x FabScrap Customization Workshop

    Saturday, April 27
    9 a.m.-12 p.m. | $50
    Reclectic, Philadelphia Mills 
    1455 Franklin Mills Circle Philadelphia, PA 19154

    Franki Rudnesky

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  • Neshaminy Mall put up for sale; listing touts its possibility for redevelopment

    Neshaminy Mall put up for sale; listing touts its possibility for redevelopment


    The Neshaminy Mall in Bensalem has been listed for sale by Brookfield Properties, which hopes to attract a buyer with a vision for redeveloping the 91-acre property in Lower Bucks County.

    The shopping mall, built in 1968, lost anchor department stores like Macy’s and Sears in recent years. Its retail properties are now about half-vacant, with core remaining tenants like Boscov’s, Barnes & Noble and a 24-screen AMC movie theater that opened in 1998. 

    The sale listing from commercial real estate agent JLL touts the Neshaminy Mall’s location — near the intersection of Route 1 and I-276 — as a coveted suburban market in the greater Philadelphia area. The listing says more than 170,000 vehicles pass the mall each day, offering a strong base to repurpose and modernize portions of the property.

    The back-to-back losses of Macy’s in 2017 and Sears in 2018 accelerated a downward trajectory for the Neshaminy Mall, whose issues have been a common theme among traditional malls. Although the Neshaminy Mall underwent a minor renovation in 2015, expanding Boscov’s and updating signage, its retail mix has suffered without the steady foot traffic of its former anchor stores. Most of the mall is on one floor, with anchor locations having two or three floors. 

    Brookfield Properties presents the property as a potential site for multifamily residential development and other contemporary features of shopping centers, including grocery stores and more restaurants. The Roosevelt Mall in Northeast Philadelphia — a shopping center anchored by a Macys — is now in the midst of a major renovation that will include a new Sprouts Farmers Market and restaurants like Raising Cane’s and Panda Express.

    Citing data from location analytics firm Placer.ai, the real estate listing notes that some of the remaining tenants at the mall have maintained high-performing stores. Boscov’s gets just under 1 million annual visitors, ranking fourth among the Pennsylvania-based retailer’s locations. Uno Chicago Grill and On The Border Mexican Grill attract more than 240,000 and 290,000 annual visitors, respectively, according to the firm’s data.

    Brookfield Properties and JLL say the Neshaminy Mall is being marketed for sale “as-is.”

    Last year, the Bucks County Courier Times reported the assessed property value of the mall had dropped by 42% since 2020, falling to $3.6 million. The Philadelphia Business Journal reported the mall could sell in the range of $25 million, citing an industry source.

    In recent months, there have been signs of growing interest in properties surrounding the mall. The former Macy’s, which was located on a property separate from the mall, will be converted into a Fusion Gyms location, chain owner Tony Chowdhury said in December.

    Some struggling malls have tried to pivot to a mix of residential, retail and entertainment offerings as many consumers eschew in-person retail for online shopping. In New Jersey, Moorestown Mall owner PREIT is building apartments on its property and has a new Cooper University Health Care outpatient center in a former Sears building. PREIT is now in bankruptcy protection as some of its 18 mall properties in the region face pressure. Apartments have been proposed as possible debt solutions to support malls in places like Willow Grove, Plymouth Meeting and Exton. 

    Chowdhury said Bensalem leaders were enthusiastic about bringing a gym to the Neshaminy Mall area to help turn the mall around. Brookfield Properties previously had worked with the township to attract tenants like Round 1 Bowling & Amusement, Chick Fil-A and Wawa in recent years, but none of those prospects materialized.



    Michael Tanenbaum

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  • Waterbury Commons Taken Off Market Just Year After Listing

    Waterbury Commons Taken Off Market Just Year After Listing


    Will they or won’t they?

    Less than one year after listing Brass Mill Commons in Waterbury for $30 million, the owner last week pulled it from the market, CT Insider reported.

    The decision to pull the listing came after Kohan Retail Investment Group purchased the Commons and the adjacent Brass Mill Center mall from Brookfield Properties for $45 million — $26 million for the Commons and $19 million for the mall — in the spring 2022.

    Kohan specializes in purchasing distressed malls and turning them around by populating them with bungee jumping machines, among other things.

    The 200,000-square-foot Commons, which sits on just over 19 acres, counts Barnes & Noble, TJ Maxx, Dick’s Sporting Goods, Buffalo Wild Wings and Michaels as its tenants.

    Forged Real Estate had the listing for the Commons, which is the more successful of the two properties, then-Waterbury Mayor Neil M. O’Leary told the Republican-American nearly two years ago. 

    O’Leary didn’t mince words concerning the mall’s difficulties over the past decade.

    “The Brass Mill Commons is a thriving center and has done remarkably well,” O’Leary said. “That mall has struggled for years. Urban malls like it have struggled for many, many years, even before online shopping. The Commons, successful. Across the street, not so successful. … The Brass Mill mall is suffering from what most malls are suffering from, not only in Connecticut, but across America. People are shopping online. There are several different malls in Connecticut that have sold in recent years for dramatically less than what they were valued at because they are empty. Such is the case in this case.”

    Kohan, which listed the Commons in late February 2023, has now hired  Middlebury commercial real estate agent Brian Godin to oversee leasing at both Brass Mill Commons and the Brass Mill Center mall.

    Both Brass Mill Commons and Brass Mill Center, opened in 1997, are located on Union Street and are easily accessible from Interstate 84. Brass Mill Center, one of Connecticut’s largest malls at 1.1 million square feet, features Burlington and JCPenney as anchors. However, the mall faced challenges with about three dozen vacant stores at the end of 2023, losing its Sears anchor store and a Regal Cinemas theater.

    Recent developments include the opening of an Ashley Furniture outlet in the former Macy’s anchor store, owned by Connecticut businessman Sami Abunasra. The store occupies 30,000 square feet, with the remainder of the nearly  161,800 square-foot space being sought for other tenants by the Abunasra brothers.

    — Ted Glanzer



    TRD Staff

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  • Malls Are Being Reborn As Next-Gen Mixed-Use Properties

    Malls Are Being Reborn As Next-Gen Mixed-Use Properties

    At this point, the U.S. housing crisis is well documented. The nation is short some 6.5 million homes, and developers can’t seem to build fast enough to meet the demand. Experts expected rising interest rates to exacerbate the housing shortage by stalling development activity and further throwing off the housing supply-demand pendulum—but in May, there was some good news. U.S. homebuilding surged, rising 22% despite expectations that new construction activity would decrease. As it turns out, the low levels of housing supply increased builder confidence enough to offset economic concerns and rising costs. According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence is increasing for the first time in a year.

    The confidence is helping to accelerate alternative opportunities for home building, and obsolete shopping malls have shot to the top of the list. While residential is in short supply, shopping malls are suffering from a problem of abundance. People don’t use or need as much physical retail space as they did in the past. Because retail has historically followed rooftops, most malls are already in dense population centers—the exact places most in need of housing. The dynamic is pushing developers to repurpose mall sites into mixed-use projects that can supply both the housing and retail that communities need to thrive. The new surge in housing construction has started to increase bids for mall redevelopment sites across the country.

    Housing leads mall redevelopment projects

    Housing is an ideal fit for mall redevelopment, and it is the use most frequently pursued by developers. In an analysis of 135 mall redevelopment projects, JLL found that 53.6% include housing. Comparatively, less than 34% convert to office, the second most added use. This doesn’t mean that retail is out. When converting a shopping mall, 85% of projects retain retail on the site, illustrating the value of merging uses in a single development.

    It isn’t difficult to see the appeal of converting unused retail into housing. Malls are often in attractive locations where people want to live, unlike office or industrial projects that can be in undesirable areas for residential use. The footprint of a mall site (sprawling, flat and built for consumer use) is also easily adaptable to a residential use. And for retailers, there is an added benefit: housing supports retail and retail needs residential to survive. With residents (aka consumers) on site, housing can fulfill an anchor position at the property, adapting the standard retail model to fit modern living and shopping habits.

    There are successful examples of these projects emerging across the country. In Orange County, California, The Westminster Mall is transforming into a mixed-use complex with 3,000 residential units, 425 hotel rooms and green space, while the Laguna Hills Mall is being redeveloped into 1,500 housing units, plus office, hotel and retail space, all of which is more aligned with community needs. There is ample opportunity for similar concepts across the country. The Urban Land Institute and National Multifamily Housing Council Research Foundation estimate that there is 1 billion square feet of obsolete retail in the US, meaning that these projects are likely to become more common.

    Executing a successful redevelopment project

    While housing is compatible with the mall format, redeveloping a property into a new use is never a simple endeavor. To start, developers should be careful to select the right site for their project. That is, selecting sites that are in markets with a clear need for housing and an oversupply of retail—the particular dynamic that makes a mall-to-housing conversion project viable.

    Market dynamics are just one consideration. A conversion project will likely need adjustments to zoning and entitlements to reflect the new use; developers might also review incentives provided by local governments to convert underutilized real estate into housing. There are also operational nuances. Developers should work closely with management to navigate existing tenant relationships, including addressing existing lease agreements and negotiating early exits. Once complete, the developer may also need to execute a new tenant leasing strategy to capture businesses and retail concepts that better align with the new mixed-use format.

    Due to the complexity in both executing a redevelopment project as well as the different operational needs of a mixed-use property, many developers and property managers are pursuing strategic partnerships. Last year, for example, JLL and Poag Shopping Centers formed an agreement for Poag to provide development services to JLL-managed properties, while JLL provides management services for Poag’s 10-property portfolio of lifestyle centers. The partnership illustrates the symbiotic relationship between redevelopment and operational functions, and a growing interest from owners in pursuing redevelopment opportunities.

    Mall redevelopment projects are an opportunity to bring critical housing supply to the communities and neighborhoods that need it most. While developers will need to pursue an amalgam of development solutions to create enough supply to meet housing demand, mall redevelopments are certainly pushing the needle in the right direction.

    Kristin Mueller, Contributor

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