Patrice Duker
Patrice Duker
seen
We've seen gyms go in as anchors. We've seen day spas go in.
allowing gathering late malls open since steam theaters
Restaurants and theaters are part of the mall-mix gathering steam since the late 1990s, allowing malls to open up to a whole new set of consumers.
calendar expected retail sales
This is what we expected from March. Retail sales are being impacted by the calendar shift.
malls trying
Malls are trying to be something to everybody.
enhance gym increase number people potential shopping
The gym has the potential to increase the number of people who go to the shopping center. It will enhance the tenant mix.
leader strong
It's a leader (in the industry). It's a strong center.
anytime market
They (teens) are an important market and they're not going away anytime soon.
build certainly customers detroit draw great helps mall opportunity provides simple
It certainly provides them a simple opportunity to draw customers that do not typically go to the mall in January. It helps build that traffic. It is a great tie-in. They also are celebrating that Detroit has it. You all are going to be the highlight.
consumers tends trip
Consumers like this format. It tends to become a destination-oriented trip for people.
open pay store taxes
An open store is a (financial) liability. They still have to pay taxes on it.
department enclosed stores
Department stores will always have a place in enclosed malls. You won't have 40 or 50 vying to be in that space, but they are out there and they are looking.
among effort invest largest seeing usual
This year, we're seeing an even more concerted effort than usual to invest in properties, especially among the largest companies.
center ensure environment mindful secure security trying works
We just have to be mindful that what works for one center may not work for another center, because (security) is very site-specific. Overall, what they're trying to do is ensure it's a secure environment for everyone.
combine economies smart stores
When you combine all stores into one brand, you have the economies of scale. It's a very smart move.