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Old 09-30-2018, 09:19 AM   #13
Locke
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It seems to me that building a mall in the middle of nowhere without some anchor tenants was very short-sighted.

Cross-Iron Mills worked because they had a movie theater that could service that area and primarily because they're outlet stores and ultimately because they had Bass Pro Shops as anchor tenants.

You'll go out of your way to go to Bass Pro and then maybe wander the mall and buy some stuff or get something to eat.

Ditto if you're going to go see a movie.

The real issue with this is that the 'business condo' model is flawed in that they're incredibly expensive, they're typically undeveloped for the most part and they're purchased by speculators who want to generate a profit on their investment meaning that the rates have to be so high that your standard business isnt going to succeed.
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