Retail News

Macerich mall to be converted to housing community

CNBC 04/01/2021

A possible indication of what may become of many of the nation’s struggling malls is mall developer Macerich’s sale of its Phoenix’s Paradise Valley Mall to a joint venture that plans to create a planned mini-community on the property. Some retail shops, as well as office space, will be incorporated into the community, which will span the original mall’s 92 acres.

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