I generally agree with your argument but some failures were by design or because malls were too large or didnt reflect the demographic. Your assessment on Chicago is a bit off though. Water Tower has basically had waitlists for as long as I can remember. They terminated a lot of leases this year so they could charge higher rents for pricier tenants.
Northbridge is out of room and announced they bought the neighboring office building to extend 4 floors of mall for probably a 40-50% gain in retail square footage.
900 Michigan had vacancy problems? I've lived next door for 3 years and cut through the mall at minimum, once a week. Its always been 98-100% occupied
Obviously the foreclosure drove away tenants before they could complete buildouts on B37. I don't even know if they are actively looking for tenants.
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