Displaying items by tag: Woodland Mall
As national trends show a rapid decline in the value of shopping malls, West Michigan commercial real estate experts are most worried about the fate of RiverTown Crossings in Grandville.
Here is the MiBiz Growth Report for November 8, 2020.
GRAND RAPIDS — Woodland Mall owner Pennsylvania Real Estate Investment Trust (PREIT) has filed for Chapter 11 bankruptcy as mall tenants across the company’s portfolio have struggled to pay rent during the COVID-19 pandemic.
Business has been brutal this year at the Holland Town Center outdoor mall because of COVID-19 shutdown orders, compounded by the fact that unique retailers don’t have a one-size-fits-all approach for adapting to state orders.
GRAND RAPIDS — Woodland Mall will reopen June 1 with new protocols in place, including limited access and occupancy to comply with state regulations, mall officials announced today.
As consumers’ shopping habits change and the retail sector reacts to new technology-driven disruptions, retail industry watchers in West Michigan remain optimistic about the year to come.
GRAND RAPIDS — Woodland Mall is inviting shoppers to “rediscover” the center after its $100 million redevelopment, which has paved the way for a wave of new retailers.
Despite a range of threats and challenges, including very low vacancy rates market-wide, West Michigan’s traditional shopping corridors continue to thrive.
GRANDVILLE — A 20-year-old mall in southwestern Kent County could potentially turn into a mixed-use “mini-city,” or be repositioned for a sale.