Austin has lost two malls in the time I’ve been here. But there’s a lot of renovation in that time, too.
Dallas has lost a slew of them for other reasons (unable to compete, not highest and best use, etc.) Richardson Square, Prestonwood (developers actually forced some of the major stores out so they could redevelop it in a project that imploded when the dot com bubble popped; now the home of some big box stores.) Valley View. Big Town in Garland. Collin Creek is on the ropes - two of the five anchors have bailed. With the billion dollar State Farm project going in just to the south, and the big Hunt development going in diagonally across a surface intersection to the southwest, it has to be about worth more as raw land. The owner is negotiating to give it back to the lenders, the only question is how much else they’ll have to throw in to get the lenders to take it.