Following 2021’s merger between Simon Properties Group and Authentic Brands Group to form “SPARC” (Simon Property, ABG Retail Concepts), many experts predicted this move would be a short-term fix, not a long-term solution. Upon closing, however, Simon’s recent acquisition of a 50% stake in mixed-use developer Jamestown indicates that the traditional mall’s days are numbered. To succeed, retail leaders and real estate developers must envision a future of reimagined malls transformed into mixed-use lifestyle centers. Discover what The Robin Report has to say in this article about the future for SPG-Jamestown and how that applies to most other enclosed regional malls.
Category: Trends