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Taubman bucks the trend with new mall projects

Taubman bucks the trend with new mall projects

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Home News Taubman bucks the trend with new mall projects

Michigan-based Taubman Centers will invest $905 million to build three new U.S. malls, serving what the company says are underserved markets. The Mall at University Town Center will open this fall in Sarasota, Fla., with anchors Dillard’s, Macy’s and Saks Fifth Avenue. The new centers come amid a slowdown in new retail development — only eight new malls have opened in the United States since 2008. The Wall Street Journal story here

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