Find in the news:
BY COUNTRY

Irvine Spectrum Center Shows How To Handle Anchor Loss



Instead of looking for another retail giant, Irvine is looking to carve it up to accommodate as many as 20 different retailers.
As a number of retail giants continue to shutter unprofitable locations in a bid to right the ship, those closures result in a perplexing conundrum for mall owners. According to the Los Angeles Times, the Irvine Spectrum Center in southern California recently dealt with that first hand, and how they responded provides a shining example for other landlords to follow. 

Macy’s has announced a wave of store closings, and their location at the Irvine Spectrum Center was one of the ones on the list. The retail giant occupied a whopping 140,000 square feet at the mall, and that’s a pretty frightening prospect for any landlord to have to face. Mall owners Irvine Co. decided to seize the opportunity in front of it, and even referred to it as “a unique opportunity to rebalance.” 

Instead of looking for another retail giant to fill the massive amount of space, Irvine is looking to carve it up to accommodate as many as 20 different retailers. Many other property owners are realizing that may be the way to go when faced with such a daunting amount of space to fill.

Irvine Spectrum Center
Irvine Company announces a major $150-million reinvestment in Irvine Spectrum Center

“When a Macy’s leaves, there is no one else to go to and say, ‘I have this space for you and I’ll give you a great [lease] rate. When these department stores leave there’s a huge hole to fill,” explains  Britt Beemer, founder of America’s Research Group.

Some retail experts are pointing to doom and gloom for malls when the big-box stores pack up and leave, but that doesn’t always have to be the case. Proactive owners that seize the opportunity to reimagine the space often find that they have some intriguing opportunities in front of them. Where once there sat a massive store that was somewhat behind the times, that same space can be recreated into something that will resonate with today’s consumers. 

Think expanded food offerings, interactive experiences, pop-up retailers, or even service oriented businesses - who are increasingly lining up to hang their shingles up at the local mall. While it’s certainly daunting and frightening to have so much space to fill in a short period of time, it’s not an impossibility, and the reimagined space can actually open up more possibilities for the property as a whole.   

More about shopping malls in the USA



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Mall of Georgia GLA:1 786 000 SF
ADDRESS: 3333 Buford Dr, Buford, GA 30519-4913
USA . Buford
Mall of Georgia
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us