As retailers reduce expansion, this 80,110-sq.m mall (opened in 2014) in Sarasota, Florida by Taubman Centres, could be the last of its kind. Despite attractive tenants such as Apple and Tesla Motors and encouraging sales (at around US$ 8,350/ sq.m), Taubman has no other mall project in the pipeline. Between 2010 and 2016, only 2 super regional malls (over 74,000 sq.m GLA) opened in the U.S., compared to 37 between 2002 and 2009. New malls from 37,000 to 74,000 sq.m GLA also decreased from...
Is this the final big mall in the U.S.?
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