ATLANTA—Are indoor shopping malls becoming extinct? Or will we see a resurgence?
That depends, in part, on whom you ask. Many retail industry watchers are down on malls—and with good reason. Big bankruptcies are driving big vacancies. The flip side is, these big vacancies are driving strategic redevelopment opportunities that could revitalize models with an experiential retail twist.
GlobeSt.com caught up with Nick Garzia, director of leasing for Atlantic Station to get his take. Atlantic Station. In 2015, Hines acquired the 586,000-square-foot retail center that anchors the mixed-use development, which also includes three class A office towers, multifamily communities, a full-service hotel and freestanding Ikea, Target and Dillard's locations.
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