Unibail-Rodamco-Westfield's Garden State Plaza mall in Paramus, New Jersey — considered one of the top 10 shopping malls in the U.S. based on sales — is being renovated to include office space and a residential area.
— is being renovated to include office space, a residential area, more food options, a space for gym operators and yoga studios, a hotel and an open green space for the surrounding community to use.
"What people are asking from the mall is much more," than what it was just four years ago, Unibail-Rodamco-Westield's U.S. president Jean-Marie Tritant said. "People want convenience ... to be able to socialize." Mall owners across the country realize consumers' preferences are changing. More people are turning to the internet to buy apparel and furniture. And when they do venture out to shop, they want to stumble across unique experiences and good food. That's asbig and small, forcing mall owners to get creative with the empty spaces or risk their properties becoming irrelevant. More than 6,000 store closures have already been announced by U.S. retailers in 2019, topping all of 2018.
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