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Stock impact report

Developers eye revamp of Buena Park Mall by adding residents to retail [Los Angeles Times (CA)]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Sears closed in early 2020, right before the coronavirus pandemic, as a harbinger of hardships to come. After waves of infections and color-coded capacity limits, the mall's corridors have similarly hallowed out; storefronts that once sold perfumes, shoes and sports apparel are now darkened with their fences pulled down. In an era of online shopping, it's easy to write off the former Sears building and even the Buena Park Mall as retail relics. But Merlone Geier Partners is hoping to transform the withered west end of the mall into the Village, a vibrant community of residents, ones who will live, shop and dine in the heart of Buena Park Downtown. And the change will start with tearing down the former Sears building. “We see the introduction of housing here being a catalyst for new business activity in the area,” said Will Geier, vice president of Merlone Geier Partners. “Both residents and surrounding businesses will benefit from being next to each other.” On Nov. 4, a co Show less Read more
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