Quote:
Originally Posted by tworivers
You might want to try doing the bare minimum of research before posting misinformation. The mall is not offering "essentially free rent" to its current tenants. I know a handful of the folks who have shops, galleries, etc, in there and as far as I know most of them are doing decent business. I personally co-organized a sold-out concert there a few months ago. Just because you went there once on a Friday and thought that was enough to cement an opinion that you probably toted in there with you in the first place does not necessarily make it so. Indeed, a former tenant that I am close with left not because business was bad but because the mall was trying to jack his rent up and (obviously) could only offer a very short term lease.
I support tearing the mall down btw.
M Kass, have you checked out the new-ish book "Capitalism: A Global History" by Sven Beckert? I'm about halfway through and I highly recommend it.
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I’m at the mall once a week for 8 straight months, and mall walk while my kids in there doing lessons for an hour. I’ve spent tons of time there.
I’ve been told that rents are stupid cheap, on order of like <$10/SF. From direct sources that rent there, who understand it’s a way to drum up biz before they are inevitably moved out. .