Simon Property Group has unveiled the experiential mall of the near-future in Los Angeles, an Urban-Retail Village with 380 apartment units, outdoor shops and restaurants that will replace a former Sears complex at Brea Mall.
Urban-Retail Village is a rapidly emerging post-pandemic model for the redevelopment of malls into experiential communities, where people can stroll out of their apartments into a neighborhood filled with outdoor shops, restaurants and, of course, a fitness center so the local foot traffic is brisk.
According to plans the mall REIT submitted to the city late last year—which were approved by the Brea Planning Commission in December—Simon is planning this kind of transformation at the Brea Mall, the Los Angeles Daily News reported.
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