Lack of pizzazz rings death knell for US mall
Concord, New Hampshire's Steeplegate is one of 300 malls in US facing a choice between reinvention and oblivion
Concord, New Hampshire
ON a crisp Friday evening in late October, Shannon Rich, 33, is standing in a dying American mall. Three customers wander the aisles in a Sears the size of two football fields. The Radio- Shack is empty. A woman selling smartphone cases watches Homeland on a laptop.
"It's the quietest mall I've ever been to," says Ms Rich, who works for an education consulting firm and has been coming to the Steeplegate Mall here in Concord, New Hampshire, since she was a kid. "It bums me out."
Built 24 years ago by a former subsidiary of Sears Holdings Corp, Steeplegate is one of about 300 US malls facing a choice between reinv…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses