5 Reasons Why Regency Square Mall's Days Are NumberedDecember 2, 2014 93 comments Print Article
Ten percent of the nation's 1,000 enclosed malls are predicted to fail by 2022. Here are five reasons why Regency Square Mall will be one of them.
4. Too Much Retail
Belk's new store under construction at Atlantic North shopping center.
Those pointing to a bright future for the mall, quickly highlight its regional location and the great access it enjoys. What they overlook is the fact that there's simply too much retail space in the Regency area for the number of people still shopping there. Nearly every retailer wanting a piece of Arlington's pie is already operating at Regency or a nearby strip mall. Furthermore, new retail centers like Atlantic North, which happens to be where Belk is fleeing to, only exacerbate the problem.