It should be business as usual at the local malls owned or managed by General Growth Properties, which just filed for Chapter 11 bankruptcy protection, mainly because of a credit-market problem. But still, the filing can’t be good news for the Chicago company’s DFW properties like the Galleria and Stonebriar Centre. At the same time, the picture’s not all gloom and doom at malls here. One case in point is locally owned NorthPark Center, where insiders say sales actually rose in 2008 over the previous year.
8 comments
Not a good year to have “General” as part of your corporate name.
Galleria is dying a slow death. When does JC Penney move in?
@ bubba
Have I missed something recently? Has the Galleria lost any major tenants?
Or Highland Park Village.
But in today’s ‘you can’t make this stuff up’ irony contest; a ’study’ is underway with ‘consultants’ to hatch a gameplan to turnaround Southwest Mall..aka ‘Red Bird’.
Someone CareFlite them photos of Big Town and Prestonwood.
“Someone CareFlite them photos of Big Town and Prestonwood.”
Don’t forget Forum Mall, and Six Flags Mall in Arlington. Valley View will be shuttered within a few years.
It just seems that a dead mall can’t be saved.
Ode To Dying Malls
When your mall’s daily close to decay,
and the customer’s lost in the fray,
you should shutter the gates
while the IRS waits,
as the leases get shredded like hay.
Maybe Mayor Tom could open his utopian city owned hotel in one of them there bankrupted malls. Plenty of rooms available for the out of towners that are going to save the soul fo our city.