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America's mall owners cough up to stay relevant in Amazon era

They're renovating their properties when retail tenants exit and then wooing a broader spectrum of businesses

Published Wed, Jul 5, 2017 · 09:50 PM
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New York

THE owner of the Newgate Mall plans to pour US$500,000 into overhauling the outdated food court in a bid to lure restaurateurs and hungry shoppers. Rent payments from eateries are never going to recoup the renovation costs, but for landlord Time Equities Inc, that's not the point. The point is survival.

The food hall is part of an effort to breathe new life i…

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