R.I.P Malls?

By Jimmy Magahern | Valley News

This summer, Erik Pierson visited his teenage haunt, Fiesta Mall, one last time – before the once-bustling Mesa mall, now nearly vacant, begins its transformation (see sidebar). Streaming the tour on YouTube, where the Gilbert software developer hosts a channel dedicated to “dead malls” called Retail Archaeology, Pierson presses his smartphone to the doors of Macy’s, vacant since 2014.
“That’s like the only thing left, guys,” he says, as the camera focuses on 159,000 square feet of concrete and steel girders. “It’s completely gutted.”

Pierson’s eerie video paints a now-familiar narrative about the sad state of America’s malls: In the age of Amazon, our old consumer paradises are becoming brick-and-mortar ghost towns, blighting communities they once invigorated. Anchor department stores have been vacating malls en masse, with nearly 350 more closings expected this year. Smaller stores are following suit. Wall Street investment bank Credit Suisse predicts up to a quarter of U.S. malls will likely close within the next five years.


Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

Meritage buys in El Mirage

(Disclosure: Rose Law Group represents Meritage Homes.) By AZRE | AZBigMedia Meritage Homes of Arizona, a builder of energy-efficient homes, has purchased Camino Crossing, a

Read More »