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Old 05-30-2010, 02:28 PM
 
11 posts, read 4,154 times
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1. Ala Moana - Honolulu, Hawaii
2. Fashion Valley Mall - San Diego, CA
3. Forum Shops at Ceasers - Las Vegas, NV
4. Westfield Garden State Plaza - Paramus, NJ
5. Mall at Millenia - Orlando, FL
6. The Mall at Short Hills - Short Hills, NJ
7. Queens Center - Elmhurst, NY
8. Roosevelt Field - Garden City, NY
9. Westfield San Francisco Centre - San Francisco, CA
10. Scottsdale Fashion Square - Scottsdale, AZ

America's Most Profitable Malls - Rick Newman (usnews.com)
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Old 05-30-2010, 02:31 PM
 
Location: Jersey Boy living in Florida
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Good to see New Jersey, New York, and Orlando up there. Keep profiting!
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Old 05-30-2010, 02:54 PM
 
Location: St Paul, MN - NJ's Gold Coast
5,262 posts, read 7,668,656 times
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I assumed the The Garden State Plaza would be up there, but I though the Palisades Mall would be up there too. I wouldn't doubt The Garden State Plaza would be near, if not #1 if it wasn't for its blue laws that prohibits shopping on Sundays (due to religious diversity)

I guess the no sales tax on clothing gives the GSP the big boost.
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Old 05-30-2010, 03:00 PM
 
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No surprise about Ala Moana, Forum Shops, or Mall at Millenia. They all serve huge tourist markets.

But WTG Fashion Valley! After their renovation 13 years ago, it definitely stepped up as my favorite mall in my old hometown.

Queens Center is no surprise. It's the only enclosed mall for miles in a borough of 2.2 Million people. I took the train out to visit a friend of mine in Elmhurst, Queens when I was in NYC a few weeks back, and we decided to meet at Queens Center because it was raining. Anyhow, the mall was super packed for a Tuesday afternoon. Yes, because of the rain, but it also seems that Queens Center has just about everything you need outside of luxury shopping. It's also where Queens Blvd, Woodhaven Blvd and the LIE converge, not to mention several bus lines and the E, R, and V trains have a stop. It's a long haul from Manhattan, so many locals in Queens would rather go there than go to The City to shop. So, tons of people converge there.
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Old 05-30-2010, 03:08 PM
 
Location: Mission Viejo, CA
2,498 posts, read 7,526,417 times
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Just a note that this is only a list for public malls.

The Mall of America in Minneapolis for example is privately owned by the Ghermezian family.

California's upscale South Coast Plaza has the second highest sales per square foot in CA and largest profit in CA, but doesn't appear on the list because the Segerstrom family owns the mall privately.

Last edited by missionhome; 05-30-2010 at 03:19 PM..
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Old 05-30-2010, 03:12 PM
 
Location: Zurich, Switzerland
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South Coast Plaza has long been the most profitable mall in California. It has the most profitable mall in California. However, this is an interesting development. Im guessing its due to the bad economy.

Still, I have a hard time believing that SF Center outsells SCP. Valley Fair in San Jose and Stanford Center in Palo Alto are also NorCal malls that usually beat out The City in sales per sq ft. Guess times have changed.

Although, San Francisco Center is very unique among this bunch in that its in the heart of a major Downtown that is home to the 2nd biggest Bloomingdale's and 2nd biggest Nordstrom.
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Old 05-30-2010, 03:18 PM
 
Location: Zurich, Switzerland
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Thanks for the perspective Missionhome.I found the absence of South Coast Plaza from this list to be very strange.
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Old 05-30-2010, 03:18 PM
 
Location: Mission Viejo, CA
2,498 posts, read 7,526,417 times
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Quote:
Originally Posted by 18Montclair View Post
South Coast Plaza has long been the most profitable mall in California. It has the most profitable mall in California. However, this is an interesting development. Im guessing its due to the bad economy.

Still, I have a hard time believing that SF Center outsells SCP. Valley Fair in San Jose and Stanford Center in Palo Alto are also NorCal malls that usually beat out The City in sales per sq ft. Guess times have changed.

Although, San Francisco Center is very unique among this bunch in that its in the heart of a major Downtown that is home to the 2nd biggest Bloomingdale's and 2nd biggest Nordstrom.
South Coast Plaza doesn't appear on their list because it is privately owned by the wealthy Segerstrom Family of Newport Beach. This list was calculated only using "publicly owned malls" by companies like Westfield, Simon, etc...

So no, SF Center doesn't outsell SCP. SCP just doesn't appear in this list because they only used public malls in their research.

EDIT: LOL, you saw my original post Montclair, nevermind.
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Old 05-30-2010, 03:20 PM
 
2,532 posts, read 3,715,375 times
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Quote:
Originally Posted by missionhome View Post
Just a note that this is only a list for public malls.

The Mall of America in Minneapolis for example is privately owned by the Ghermezian family.

California's upscale South Coast Plaza has the second highest sales per square foot in CA, but doesn't appear on the list because the Segerstrom family owns the mall privately.
Okay, that makes sense. I was wondering how and why Fashion Valley was beating South Coast Plaza and why SCP wasn't on the list.

Northpark in Texas wouldn't be on here either, since it's not owned by a REIT either.

Last edited by grindin; 05-30-2010 at 03:34 PM..
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Old 05-30-2010, 03:21 PM
 
Location: Spain
1,856 posts, read 2,792,660 times
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In 2006, Washington Square Mall near Portland had sales of $716/sq ft. The recession must have hurt it big time or else it would have made this list.
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