Malls' fortunes flipped: How Westroads shot past Oak View, and what's next for ... - Omaha World-Herald
Her sales fell by more than 10 percent in 2014. When her husband took another job and she wanted to close one of her stores, she decided to keep her six-year-old store at Westroads Mall, where her business is growing and last year outpaced her Oak... Junge’s cookie shop sales are a small part of a big shift in the metro’s two major enclosed malls: Sales have surged over the past decade at Westroads but slumped at Oak View. Now, Chicago-based General Growth Properties, which owns both malls, is studying how to position Oak View for a future where consumers’ shopping patterns, and the local competition, are dramatically different from when the mall opened in 1991. Oak... Sales at Westroads, situated at Regency Parkway and West Dodge Road, were ahead of Oak View’s by 26 percent in 2014, at $480 per square foot compared with $380, according to Omaha commercial real estate company the Lerner Co. Mall managers... Westroads, which saw $300 million in sales in 2014 and is 98 percent full, continues to expand, with plans in the works for a new food court and a new retail area facing West Dodge. Source: www.omaha.com
