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Urban Malls Are Thriving



These thriving malls are blending right into the urban fabric by offering every need you can imagine.
Exciting times are afoot in the shopping mall sector. A reimagining of what the mall can be by innovative developers and proactive owners has offered up a sneak peek into what the future may hold. In many cases, we can even say that the future is now. Some breathtaking developments have started popping up across the country, and there’s a clear trend at hand. The mall as we know it is transforming into the centerpiece of some amazing urban mixed-use developments. 

As consumer preferences continue to evolve, one thing has become readily apparent. Today’s consumers are increasingly intrigued by the idea of community hubs as gathering places - similar to what the shopping mall of yesteryear was - but with a modern spin that offers up even more. While retail stores and restaurants remain a key component, there are plenty of other needs that can be fulfilled in one complex. As the Guardian shares, these thriving malls are blending right into the urban fabric by offering every need you can imagine. 

 Westfield World Trade Center
Oculus - Westfield World Trade Center

For example, take a look at Westfield’s fantastic Oculus in the heart of New York City. Westfield bets big that a mall could work well in the Big Apple, and it turns out they were spot on. However, this isn’t your average everyday mall, and Westfield has created a structure befitting of its majestic name. It’s nicknamed “The New New York Place to Be,” and that may not be hyperbole. The tagline says it all: “Shop. Eat. Drink. Play. All under one magnificent roof.”

In essence, Westfield has created a mall that’s chock full of all kinds of ethnic shops, name brand retailers, and places to eat and play that’s easily accessible. A city within a city, if you will, and that falls into the larger trend of breathtaking mixed-use developments that are popping up all over the nation. 

“The Westfield mall is virtually indistinguishable from Dubai duty-free,” says Michael Sorkin, professor of architecture at City College of New York. “The effect is compromising and imperial – a real estate formula.”

Las Vegas Downtown Container Park
Las Vegas’s Downtown Container Park

Other malls that are changing the way we think about the whole sector are Las Vegas’s Downtown Container Park and Miami’s Brickell City Centre. They follow the same formula as Oculus and mainly weave themselves directly into the fabric of the surrounding urban enclave. 

Brickell City Centre, Miami
Miami’s Brickell City Centre

Property owners in smaller locales can draw plenty of inspiration from these gems, and it’s not out of the question to create a similar environment - albeit on a smaller scale. Westfield’s simple formula of “Shop. Eat. Drink. Play.” makes a perfect starting point, and it can be adapted based on the surrounding communities needs. For some, that may mean a new high-end multiplex theater. For others, that may mean hotel rooms, offices, condominiums or apartments. 

Think a community hub that the whole surrounding community will revolve around. That was the original thought behind shopping malls, to begin with, and it’s possible to bring them back to that point better than ever. 



YESTERDAY, United Kingdom:
Anonymous buyers offered for the asset a record sum, five times the annual revenue of department stores.
Jun 10, 2021, USA:
The National Retail Federation predicts the market will experience the kind of rapid growth "the country hasn't seen since 1984.
Jun 9, 2021, USA:
Several Microsoft experience centers leftover from what was once a large chain of stores will offer more information and the opportunity to buy the company's technology.
Jun 7, 2021, USA:
The billionaire announced that he would fly into space on his own company's ship. The estimated date of flight is July 20th.
Jun 4, 2021, USA:
The three-level retail space in New York City spans about 2,000 square meters.
Jun 4, 2021, USA:
A mall owner has sued Victoria's Secret, saying the company closed the store without paying rent.
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