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Mall Crisis Continues As Trade Association Drops 'Shopping Centers' From Its Name

Polaris mall owner Washington Prime files bankruptcy

Columbus malls, shopping plazas rebounding - but some still face challenges

After plunging in 2020, central Ohio retail is climbing out of its pandemic hole. Foot traffic is rising, leasing is up, and new stores are opening throughout the Columbus area, but plenty of clouds remain, especially for enclosed malls and older strip centers in central Ohio, which has more than twice the retail space of the U.S. average.  “A year ago, I definitely thought I was heading into what I thought would be the worst part of my career,” says David Lukes, CEO of SITE Centers, the Beachwood-based firm that owns or co-owns several premium Columbus shopping centers including Lennox Town Center, Polaris Towne Center, Sun Center and Easton Market. “Leasing activity now is the highest I’ve ever seen it. This is the most shocking turnaround I’ve ever seen.”

For Class-B Malls, The Future's Uncertain And The End Is Always Near

Class-B and lower malls face a tough time either as retail or redevelopment prospects.

Some Columbus malls, retail plazas booming after pandemic slump — and some aren't

After plunging in 2020, central Ohio retail is climbing out of its pandemic hole. Foot traffic is rising, leasing is up, and new stores are opening throughout the Columbus area, but plenty of clouds remain, especially for enclosed malls and older strip centers in central Ohio, which has more than twice the retail space of the U.S. average.  I can now admit that I was wrong, said David Lukes, CEO of SITE Centers, the Beachwood-based firm that owns or co-owns several premium Columbus shopping centers including Lennox Town Center, Polaris Towne Center, Sun Center and Easton Market.  A year ago, I definitely thought I was heading into what I thought would be the worst part of my career. Now I think I m heading into the best part of my career. Leasing activity now is the highest I ve ever seen it. This is the most shocking turnaround I ve ever seen.