Survey: Shoppers heading to Powers, Chapel Hills
The big retail winners this holiday season could be the Chapel Hills Mall and the Powers Boulevard corridor, said a recent University of Colorado at Colorado Springs’ College of Business and Administration shopper survey. About half the people surveyed plan to shop at either location, with about a third choosing to do most of their shopping [...]
Even as cash-strapped national and anchor tenants exit regional malls, sales at The Citadel mall – challenged by Macy’s and Steve & Barry’s recent closures – remain remarkably consistent. During its 37-year history, the 1.1 million square foot retail hub on 47.7 acres has catered to about 500,000 shoppers annually, and so far those numbers [...]
Continue reading …The CoStar Group, a commercial real estate marketing and information company, painted a bleak picture for enclosed malls in its first quarter 2009 National Retail Market Report. “Several mall landlords have seen their properties go into receivership, while others suffer from high vacancy resulting from department stores and key junior anchor stores going dark, starting [...]
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