CAPE TOWN-Is entertainment a necessary spice for shopping centers, or a costly distraction? Leading developers from the US, the Middle East and South Africa disagreed at a sometimes contentious panel here at the International Council of Shopping Centers' World Summit.
While entertainment is considered an integral component of projects outside the US, the US market is radically different, notes William S. Taubman, COO of Taubman Centers, Bloomfield Hills, MI.
“The American market is highly evolved,” he says. “People have much more space per capita in their homes, and many more entertainment options. Mills Corp. was a failed entity because of its focus on shopper-tainment. Now it's bankrupt-tainment.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
