The stand-alone mall isn’t dead. It’s just dysfunctional. That was one of the sentiments expressed at an Urban Land Institute panel that tackled the question, “Can stand-alone malls survive?” The question was posed Thursday, during ULI’s annual Reinventing Retail conference at the Wilshire Grand Hotel in Downtown Los Angeles.
The comment about the dysfunctional nature of traditional stand-alone malls came from panelist Shaheen Sadeghi, founder of Costa Mesa, CA-based LAB Holding, a firm that eschews traditional malls in favor of projects like its youth-oriented “the Lab” in Costa Mesa, a center that the developer describes as an “anti-mall.”
Read more @ GlobeSt.com – ULI Asks: ‘Can Stand-Alone Malls Survive?’.