Dying Malls

This should have some interesting consequences for the retail world. What's replacing the malls? Here's an example:

The Winter Park Mall in Winter Park, Fla., was a classic case of a dying mall. The 400,000-square-foot mall was located in the heart of the city's downtown. But with all of its stores facing in and a huge parking lot surrounding it like a moat, it was completely isolated from the rest of the town. As the nearby downtown shopping district thrived, the mall failed.

In the late 1990s, a new owner, the city and local business started making plans to break up the mall. Several phases into its makeover, Winter Park Village, as it's now called, is not unlike its surrounding downtown, with apartments, restaurants, a fitness center, a movie theater, a supermarket, office space and, of course, retail.

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