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US News: Hickory Hollow among country’s most endangered malls

By Geert De Lombaerde Posted on June 29, 2009 at 4:26 pm

Rick Newman huddled with research firm Green Street Advisors to gauge the health of the nation’s malls. Among those on the bottom end is Hickory Hollow, where occupancy has fallen 12 points since 2004 and sales per square foot have plunged by more than a quarter.

The first sign of trouble is often the departure of department stores and other anchor tenants, especially if those spaces stay vacant. High-quality, name-brand merchants often follow, with discounters — or nobody — replacing them. Shoppers sense the ennui, and gravitate toward malls that feel more vibrant, which only deepens the distress at troubled properties. By some estimates, about 10 percent of the America’s malls could close within the next few years.

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4 Responses to “US News: Hickory Hollow among country’s most endangered malls”

  1. Lee writes
    June 30th, 2009 10:06 am

    Can anyone be surprised when most Nashvillians are afraid to walk through the mall and its parking lots?

  2. time for truth writes
    June 30th, 2009 4:22 pm

    Here’s a primer in bad planning (or no planning which is the same thing). First, build a mall. Second, surround it with thousands of apartments. Wait fifteen years. Result: You have a ghost mall surrounded by crack houses.

    Bulldozing about three thousand apartment homes is the only way to avoid the inevitability of bulldozing the mall.

    Isn’t Dillard’s being sued by somebody who was mugged in their parking garage? I know JC Penney cut a trail to Mt. Juliet.

    This should be an object lesson but communities continue to make the same mistakes over and over as developers and management companies take the money and run after selling the idea of apartment clusters.

  3. Pearl Jefferson writes
    June 30th, 2009 4:38 pm

    I understand that there were quite a few underclass teenagers that made the Hickory Hollow Mall a place of congregation. That usually signals the beginning of the end for a mall. A different and less financially able browser then brings more shoplifting and danger for the people who want to distance themselves from the underclass.

  4. sid ames writes
    July 15th, 2009 7:58 am

    I’ve been going to that mall since I moved here in 1989; I’ve not been robbed or afraid ever. The media can really run down a mall, can’t it. And Karl Marx Dean wants to develop May town and “in-town” but no money to Antioch for anything except a pittence here and there, so what do you expect.

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