Competition With Other Malls
Regency Square faced additional retail competition in 2003, when two other malls opened nearby: Short Pump Town Center and Stony Point Fashion Park, the latter also a Taubman property. In 2008, it had the second-lowest vacancy rate of any shopping center in Richmond.
In January 2012, Taubman sold the mall to its mortgage lender to avoid foreclosure on the property. The lender hired Jones Lang LaSalle for management of the property.
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Famous quotes containing the words competition with, competition and/or malls:
“Never before has a generation of parents faced such awesome competition with the mass media for their children’s attention. While parents tout the virtues of premarital virginity, drug-free living, nonviolent resolution of social conflict, or character over physical appearance, their values are daily challenged by television soaps, rock music lyrics, tabloid headlines, and movie scenes extolling the importance of physical appearance and conformity.”
—Marianne E. Neifert (20th century)
“Playing games with agreed upon rules helps children learn to live by rules, establish the delicate balance between competition and cooperation, between fair play and justice and exploitation and abuse of these for personal gain. It helps them learn to manage the warmth of winning and the hurt of losing; it helps them to believe that there will be another chance to win the next time.”
—James P. Comer (20th century)
“The figured wheel rolls through shopping malls and prisons,
Over farms, small and immense, and the rotten little downtowns.”
—Robert Pinsky (b. 1940)