Battle Creek Michigan Shopping
Lakeview Square Mall may never be the retail center it was a decade ago, but that doesn't mean it can't fill up, and there are thriving businesses. One way to keep shopping malls successful, according to the International Council of Shopping Centers, is to bring in stores that are different from the clothing stores that used to fill the mall. Yet there is a thriving business with thriving stores that served as a reminder of a past when malls prevailed in the American retail world.
According to a brief history of malls published in 1991 by Richard A. Feinberg and Jennifer Meoli, there were about 4,500 malls in America in the 1950 "s, accounting for about 14% of the retail market in 1960. By 1987, that number had risen to 30,000, accounting for nearly 50 percent of all retail markets, according to the International Council of Shopping Centers.
While the number of shopping centres has not fallen significantly, the vacancy rate of shopping centres is increasing. A recent study by the US Department of Housing and Urban Development found that vacancy rates in shopping malls in the United States peaked at 9.4%, compared to 7.5% in the late 1990 "s.
More than 10,000 people were present when the Lakeview Square Mall opened to the public on August 3, 1983. The former Macy's and JC Penney building, which is no longer part of the Lake View Sqaure Mall, was bought by Miami-based Lionheart Capital and leased to GK Development. Lion Heart Capital did not respond to an interview request to say whether it had received interest from companies or not. We look forward to seeing great interest from retailers and businesses from the region and abroad in the coming years, "he said.
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Deare said it may have been difficult to find a retail tenant to occupy the space because it was so large, but he said the sidewalks were a big part of why they decided to move the store to the mall. Graves believes that a large portion of Battle Creek's population is unaware of escape rooms and relies heavily on people who are already in the malls to enter them. Mich. Cereal City Escape has a long track record in other parts of the state, such as Grand Rapids and Detroit.
Deare added that the city cannot make proposals because the building is privately owned and there are many legal and logistical hurdles the company would have to overcome to make major structural changes. There could be ways to break the space open to create multiple storefronts or make some major structural changes along the way, Dearing said.
G Development declined to be interviewed for this story and has not yet made a statement on the future of the mall. The shopping center, privately owned by GK Development, a Chicago real estate company, is the second largest shopping center in the United States and the largest in Michigan. But, according to Deare, there is only so much the Battle Creek government can do, and that is because it is private property.
The recent fire at Battle Creek Shopping Centre in the early hours of Saturday morning could be a sign of what's to come.
Seth and Wendy Graves broke new ground when they opened the Cereal City Escape at Lakeview Square Mall in March. Graves sees it as an opportunity to work with various entertainment companies so people can make a day out of the mall. That's why Graves is opening a Laser Tag store in the mall. Right now we have a lot of opportunities to come into Laser tags and see what we can see in terms of different types of entertainment and different types of companies working together so that people like us can all make the day that our mall comes into being, "Graves said.
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