http://www.courierpostonline.com/art...SINESS/1060336
That area (Exit 5/NJTPK) is already quite void of retail compared to areas to its sides: Mt.Laurel/Moorestown (exit 4) and Hamilton/Lawrenceville (exit 7). I suppose Bensalem, PA would be the other side, but there is a toll and state change.
Perhaps its sloppy management by the mall owner. The mall hasn't been renovated, and looks like a relic from 1982. Majority of the stores are very urban wear oriented.
JCPenney and Sears are the other anchors, but as far as national chains, the stores like Victoria Secret and Foot Locker haven't ever it seems been remodeled.
I'll wonder how JCPenney will do, without Macy's. Either the loss of the other major dept. store will bring an uptick in business to JCPenney, or the entire mall suffers more and JCPenney doesn't gain more customers. I'm assuming Sears will still get customers who need tires and batteries, and other hard goods.
Outside the mall, there is a nearby Wal-Mart, Target and Kohls in newer shopping centers, but there is no Barnes & Noble, Best Buy and a number of chains and restaurants around.
Just a thought-why isn't Burlington/Exit 5 NJTPK not nearly as prosperous as Mt.Laurel/Exit 4 and Hamilton-Lawrenceville/Exit-7? I wonder if this ghetto mall is what gives an image to this area, and businesses are wary of opening shop there, and people choose to live elsewhere, office parks aren't built, because of the lack of anything that seems comfortable.
It otherwise seems to be a prime location. It's about 1 hour 30 mins from New York, about the same distance areas in CT and Central Jersey Shore line, that benefit claiming some New York influence, are to New York. It also is very close to the PA Turnpike, and it's not that bad of commute into Philly either. Not only that, but the area is aesthetic, or atleast for meeting a NJ suburban standard with an abundance of trees, and not too old development. The Burlington Center Mall, for example, and many other areas in Burlington Township look quite nice.