The Nation’s Malls Are Getting Major Redo

http://realtormag.realtor.org/daily-news/2016/07/19/nation-s-malls-are-getting-major-redo?om_rid=AADG2i&om_mid=_BXjm4nB9QBDXpl&om_ntype=RMODaily

With so many people online shopping it only makes sense to be turning these big anchor department stores into experiences and restaurants to attract people.

Florida Mall in Orlando, Nordstrom was recently torn down to make room for the Crayola Experience, a crayon-based family attraction.

“The definition of an anchor has changed,” adds Stephen Lebovitz, chief executive of mall owner CBL & Associates Properties Inc. “Cheesecake Factory does as much business as Sears used to do,” he says.