Michael McNaughton, President of of M2 on The Stoler Report discussing the growth of lower Manhattan, the rebuilding of The World Trade Center and the completion of the Fulton Transit Hub.
Read MoreMall owners say they've been steadily increasing the percentage of retail square footage at any given property dedicated to food and beverage, creating new food halls. The push to make these changes is compelling, industry experts have told CNBC. The goal is to drive traffic to the property and keep shoppers lingering longer.
Read MoreConverting malls into multi-service mini villages may be the key to using unoccupied real estate in the retail market, said Amanda Nicholson, professor of retail practice at Syracuse University.
Read MoreEvery mall-to-mixed-use transformation begins with a detailed market analysis, with the goal of determining what new uses and tenants will be added, based on market needs. Just because you recognize the potential value of a mixed-use environment does not relieve you of the need to be thoughtful and strategic in how to go about it. It is extraordinarily risky to simply throw something at the wall and see what sticks. A mall redevelopment often requires a significant investment, and you cannot risk getting it wrong.
Read MoreAccording to boutique research firm Boenning & Scattergood, the 20 most valuable malls in America that are owned by real estate investment trusts bring in roughly $21 billion in retail sales annually.
Read MoreIn June, New York’s Lower Manhattan celebrated the return of a neighborhood staple with the reopening of the World Trade Center farmers market.
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