mrsticka wrote: Thu Aug 10, 2023 3:33 am
Gateway Mall in Lincoln did just fine after Montgomery Ward left in 2000-2001. It didn't become a ghost town. Neither did Westroads. Just because an anchor store leaves a mall doesn't mean the mall itself is automatically doomed. I mean, I can understand why people might think that. After Dillard's left Crossroads, it went downhill from there. But that was just one mall. It doesn't necessarily reflect on how well other malls do. Oak View is not Crossroads. Just because it happened to Crossroads doesn't mean it will happen to Oak View.
Happened at The Center as well when their only anchor Younkers left (was previously Kilpatricks).
Happened to Southroads, first Younkers left (was previously Brandeis), then JC Pennys became an outlet store and then later closed, but really, the mall never recovered from Younkers leaving.
Happened at Crossroads when first Younkers/Brandeis left, then it limped on with Sears and Dillards, but when Dillards left, that was the true death knell.
Happened at Mall of the Bluffs when multiple anchors left.
Happening at Oak View with Younkers and Sears both closing up shop. If either Pennys or Dillards leaves, that's the final nail for that mall as a functional retail space.
This has repeated quite a few times in Omaha over the last 30 years since The Center first succumbed. Without looking, the death of the Center was about 1995, Southroads about 2001 or so, Crossroads about 2007, and Oak View ongoing. If anything, Westroads surviving multiple closures of anchor stores is an outlier based on amazing location of that mall in comparison to others. But, with recent headline crime events involving Westroads, I'm not sure it could survive another anchor closing.