MIAMI—The mall is dead—long live the mall? NorthAmerican Properties (NAP) just pushed out the second in aSlideShare series that explores the future ofretailing.
In this installment, the firm explores the decline ofmalls. What's driving the decline? According to NAP, malls aregiving way to hot retail and restaurant conceptsin urban mixed-use locations with strong walkability.
“Nationally, consumers are shifting away from traditional mallsand seeking a unique experience,” says Mark Toro,managing partner at NAP. “As a developer, it's important to createa sense of community and offer a property with a walkable designthat infuses hospitality into every aspect. This is what thenew-class of consumer is demanding and retailers arelistening.”
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