By Carl Malcolm and W. Brian Keith Across the United States, aging regional malls are entering a new phase in the evolution of suburban landscapes. Once designed as inward-facing retail environments surrounded by vast parking lots, many now sit within fully developed communities that have grown up around them. What were once peripheral shopping destinations are occupying some of the most strategically located land in metropolitan areas — often 50 to 100 acres at highly visible intersections with strong infrastructure and regional access. As traditional retail models struggle to compete …
