Reprinted from National Real Estate Investor
Why do malls die? Sometimes it’s due to outmoded business models. Other times, it’s caused by economic downturn or extreme changes in demographics or fashions. Or grandiose ideas of development that can’t possibly be realized. Or bad urban planning. Or even, say some critics, because American culture is, if not dying, then at least evolving dramatically.
Whatever the reason, malls in many parts of America and throughout the world, are being left empty and decaying, and whether they are eventually demolished or left to rot until the last beam falls, abandoned malls are haunting, romantic places that once teemed with retail commerce, family life and teenage intrigue, all happening at once amidst the trappings of popular culture.
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Reprinted from Columbus Business First
Automall wouldn’t be a misnomer for the new Lindsay Honda.
The east-side dealership is renovating the old Scarborough Mall off Brice Road into what will become a 15-acre, 150,000-square-foot home for the state’s top Honda dealer, which sold more than 4,800 new Hondas in 2013.
“We needed a facility to handle that (volume),” Steve Lindsay told me.
The new building is going to handle that and then some. The current dealership, just across Scarborough Boulevard from the mall, is a comparatively tiny 20,000 square feet.
There will be 1,000 cars on the lot and as many as 150 cars inside the building, with 40 of those in the showroom.
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