All Westfield malls in US to be sold by 2023

[IcyPeas]

Oh wow. This is big news. Malls will be totally obsolete soon.

The company didn't elaborate on whether the malls will be sold together or individually, but all 24 malls are to be sold by 2023.

https://www.foxla.com/news/all-westfield-malls-in-us-to-be-sold-by-2023

[OAITW r.2.0]

1. Hopefully. repurposed. nt

[brush]

16. Malls all over must've really lost million during the pandemic.

Their recovery must be struggling, and of course online shopping is stiffer and stiffer competition.

The fact that Westfield is dumping all of them sure seems like the mall era is over.

I know I haven't been to one in years and did all my Christmas shopping online.

[regnaD kciN]

2. The nearest mall to my home is Westfield Southcenter...

...which, the last time I visited, still seemed quite active. But, with two of the four "anchor" stores being Sears and JCPenney, who knows?

[pstokely]

8. people might still visit malls but they don't buy things there

nt

[Demovictory9]

13. I'm scared for my nearest mall. Macys was occupying two of the anchor locations

women clothing in one, men and furniture in the other. suddenly they closed one location and the mall emptied out one whole wing of the mall... moving the smaller stores to other wings.

[Hoyt]

3. There are some shopping centers in my area considering turning into apartments.

Doesn’t sound appealing to me. But if price and interior is decent, might be attractive. If in a superior location, that would make a difference.

[Diablo del sol]

4. be interesting to see what happens

I expect complete tear downs and replaced by high density housing.

Malls are typically in high traffic areas, huge foot print with huge parking lots.

Saving the existing footprints will be difficult. Typically two or three story malls at most, expect five story replacements with increased density using parking lots, especially in Southern California.

[BrightKnight]

5. I doubt retail real estate is going to grow any time soon.

It might be hard to find a buyer.

[Meowmee]

6. Don't click this link

Opened up crazy pop ups and a stopnshop ap on my device, ugh.

[Celerity]

11. If the popups bother you, perhaps try an adblocker. The link is 100% legit.

The best ad blockers in 2022

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Cheers

[littlemissmartypants]

14. I love you for being a helper. You're one of the best reasons DU is a beautiful place. ❤

Thank you.

[Celerity]

21. aww thanks

[Meowmee]

20. Thanks 😀

Good to hear it is legit, I was worried when it opened an app, it could be I touched something without realizing it. I once had a virus take over one of my laptops and I could then not get to any browsers, just some crazy malicious website, it was crazy. But apple store people fixed it then for me, I can’t remember what they did now. I will check out the pop up blocker.

[Demovictory9]

7. watching those dead mall videos on youtube, i wondered how Westfield, Simon Group stay in business

[LeftInTX]

9. There is a mall near me which is being repurposed into a bunch of cheap medical offices.

All the medical offices are for weird things like, "Immigration medicine" (What's that??)

It smells like a freak'n nursing home. It still has stores and a food court...eww...

[mopinko]

17. i think aka travel medicine. iow vax's etc that you need to travel to other countries.

when i went to india i had to find one, cuz they're the ones w the vaccines required in those countries.

[Sedona]

12. Emory Healthcare has leased space in the mall near me

ATR Corinth Partners, a Dallas, Texas-based real estate company that purchased the million-square-foot mall in 2016, is in the process of converting shut-down shops into rentable office space. With only about 70 current retail tenants in place, the new owners said Northlake’s future won’t look anything like the thriving mall that opened in 1971.

“This is a prime area for us to reimagine this to become a job center,” Tony Ruggeri, a partner with ATR Corinth Partners, said at a meeting hosted by the Tucker-Northlake Community Improvement District. “We felt like it wasn’t going to survive for another 10 years as a retail mall because of what’s happening, but we saw tremendous opportunity for office (space).”

SNIP


Most of the mall’s big box stores have closed, but Macy’s will remain as Northlake’s retail anchor tenant. The former Sears location at Northlake is being converted into office space for a new corporate anchor tenant, Emory Healthcare.

It’s leasing 240,000 square feet of space to accommodate 1,600 employees. Becky Willis, Emory University’s senior associate vice president of government and community affairs, said they’ll begin moving workers to the Northlake offices in December.

“We love this location. It’s so geographically close to everything,” she said of the mall’s proximity to I-285 and several MARTA stations.

Frank Mihalopoulos, another partner with ATR Corinth Partners, showed off several renderings of what Northlake Mall should look like in 2022. He said CDC Federal Credit Union had agreed to open a branch at Northlake, and he said the mall’s ample parking availability and space should lead to more companies to relocate to Tucker.


https://www.ajc.com/neighborhoods/dekalb/northlake-mall-at-50-takes-shot-at-new-life-as-office-center/HW32QE4ORRBXPFLMWJIKXIVEQE/

[Emile]

15. I know the mall in my area is dead. Many empty store

fronts in the mall. Even the big box stores like Sears and JC Penney have left years ago. You have some seniors using the mall during the winter months to get in their daily walks, other than that very few people there. If the movie theater ever pulls out, it will be the end for the mall.

[mopinko]

18. old orchard was already struggling before the plague.

supportive housing is so very needed, and these old malls would be great, imho.

[hunter]

19. Some malls have been torn down and replaced with big box stores and chain restaurants.

Target, Best Buy, Olive Garden, etc.

People don't go for a long stroll through the mall like they used to. They just want to park in front of a store or restaurant, go in, and get out.

[ironflange]

22. It's funny, all the malls here seem to be in good shape

Maybe it's the cold climate.

[highplainsdem]

23. I'm glad Westfield no longer owns the mall nearest me. I like shopping online

for a lot of stuff, but not clothing.