Wulf9
Member
- Messages
- 923
- Points
- 22
From Planetizen. http://newyorker.com/fact/content/?040315fa_fact1
Enclosed malls are 50 years old and a declining species. It's amazing to think that they are less than a half century old. In 1950, virtually all retail (about 90%) took place in downtowns.
The enclosed malls really took off about 1960. By 1980, all of the very good, good, marginal, and sub-marginal sites for malls had been developed. One of the factors leading to decline was the lack of new good sites for new malls.
Then big boxes and big box centers had a run from 1980-2000. They are now hitting the sub-marginal sites.
Big boxes have morphed into super-mongo-two-downtowns-in-a-box (super wal mart). As dominant and unstoppable as they seem right now, they will run out of sites in less than a decade.
What's the next thing for comercial development? The prototypes have probably been built already.
Enclosed malls are 50 years old and a declining species. It's amazing to think that they are less than a half century old. In 1950, virtually all retail (about 90%) took place in downtowns.
The enclosed malls really took off about 1960. By 1980, all of the very good, good, marginal, and sub-marginal sites for malls had been developed. One of the factors leading to decline was the lack of new good sites for new malls.
Then big boxes and big box centers had a run from 1980-2000. They are now hitting the sub-marginal sites.
Big boxes have morphed into super-mongo-two-downtowns-in-a-box (super wal mart). As dominant and unstoppable as they seem right now, they will run out of sites in less than a decade.
What's the next thing for comercial development? The prototypes have probably been built already.