Apr
27
Are Metro Detroit’s Outdated Shopping Malls Going Extinct?
ByThe life and death of shopping malls in the Detroit area. Is the struggle real?
Macomb Mall in Roseville, Mich.
Detroit—With Sears’ recent announcement that it will close 78 of its stores nationwide and once iconic shopping malls such as Summit Place in Waterford or Northland Mall in Southfield now closed, it is fair to say that the retail sector is going through some changes. A transition to the modern era is the optimistic version, as some pessimists are already bemoaning the death of the traditional shopping mall.
Experts in the commercial real estate industry simply state that these shopping malls, built in the 50s and 70s, have run their course and point out how such units can be revived (because, yes, that too is a possibility)…
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