Across metro Phoenix, former malls are now large redevelopment projects, making way for business hubs, medical corridors, attainable housing and more.
Shopping malls were once a main venue for entertainment, attracting shoppers into large department stores, catering to a wide variety of people eating in the food court and boasting other offerings, like skate parks, movie theaters and arcades.
While many have shuttered, some have stood up to the changing retail environment. Others have even thrived. In most markets, Uhles said, a few high-caliber malls can stand the test of time. Those malls, which often include high-end stores, can generally afford the high operating costs that come with such a large retail footprint.
When a major anchor closes, Uhles said mall owners often are left with few options, but some of the most successful mall operators have embraced new uses or attract new-to-market offerings. The closing of Chandler Fashion Center’s Nordstrom location could have created a major problem, he said. However, the space was taken by sporting goods store Scheels,. Other uses of former anchor stores have included gyms or entertainment venues.
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