August 5th, 2013Malls Seek High-end Restaurants
U.S. shopping centers are moving from fast food to fancy food.
It started a few years ago as tired food courts began transforming into slick dining terraces. Now, upscale restaurants are making an appearance, even replacing department stores as mall anchors.
At Irvine Co. Retail Properties, an increasing portion of mall revenue is coming from food. Two staffers are dedicated to finding dining tenants; two years ago, no one was.
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