![]() To me it has seemed run-down for a long, long time now.īut maybe ownership is challenged by the realities of their location. It just never seems to have the level of investment and they haven't been able to maintain quality anchors. Why is Ridgmar faring so poorly compared to Hulen? I'll echo JBB's comment about ownership. So, while a large percentage of malls are definitely in trouble, not all are. That leaves about 1,000 malls which are relatively secure, clearly not all malls are dying. Credit Suisse forecasts that 20-25% of malls will close in the next 5 years. Currently, there are 334 malls rated C+, C, C-, or D, and they are at high risk of closing. A mall’s viability is closely related to its quality. ![]() Of the 1,300 shopping malls still operating in the US, 310 are at high risk of losing an anchor tenant. My wife has done all of her shopping this year in the Stonebriar area and feels it is light years ahead of any major retail hub in Tarrant County.īetween 19, about 1,500 malls were built in the US. It feels like Northeast Mall is headed down a similar path: a high end anchor replaced with a surplus products warehouse, another anchor spot vacant, 3 of the 4 remaining anchors have had huge slides in quality and inventory. I've lost count of how many times it's been written off as dead over the years. Ridgmar is an enigma and I believe it has just been plagued by bad ownership that lack the vision to keep up with the times. I'm not sure I completely buy into the idea of dying malls either. Older retail was replaced by newer retail, much of which is on land that became readily available due to the scale down of the base, without any plan to redevelop the older retail. You've sort of answered your own question and it demonstrates the very nature of sprawl. The Westworth Village area has a lot of consumer traffic the Ridgmar Mall area has comparatively little. The point I was trying to make is that two sections of Northwest Fort Worth, which are not far apart in distance, are so disparate in extent of their consumer traffic. ![]() I hate to see these places disappear but its sort of delaying the inevitable in most cases. I think all-in we spent around $30 on some dollar store type trinkets and Chinese Food but it was a quaint Friday evening and there were a handful of shoppers present but not too busy or fussy to enjoy oneself but certainly not dead like Ridgmar. I will mention that before the holiday shopping season started, I had a pleasant first visit (ever) to Hulen Mall. The Walmart's of the world have become this sort a necessary evil where you 'run the gauntlet,' get in, get what you need as fast as possible and try to get out without any incident. ![]() ![]() And then sprinkle in the pandemic with lots of people packed in one space indoors, and the increasing departure of decency and lack of mutual respect can make shopping anywhere a dreadful task. Impractical for the consumer and the retailer. I also see it as a supply and demand issue mixed with an impractical and increasingly undesirable format for shopping. Johnfwd, plain and simple, shopping is not fun anymore and the romanticized view of the 1980's holiday shopping mall experience departed me a long long time ago. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |