Reference: Found here"It was a very big deal," he said of the mall, which once ranked as the nation's third-largest. "It was a huge mall property. We were wowed just by walking through the place."
In many ways, the demise of the Century III Mall reflects the declining fortunes of enclosed malls. According to a May report from Capitol One, the number of malls declined an average of 16.7% per year between 2017 and 2022.
We need not look far for evidence of that decline. Kmart, the final piece of the Meadville Mall, closed in 2017 .
A few weeks ago, demolition began at the Shenango Valley Mall in Mercer County. Owners have plans for a $100 million mixed-used development on the site.
Fifty years ago, the Millcreek Mall disrupted the status quo in Erie, fueling a retail exodus to the suburbs that was already well underway.
"This is the toughest damned problem we've ever handled — trying to figure out what the mall is going to do to Erie,'' he said.
Youngstown-based mall developer William Cafaro predicted that the mall would do more than divide the local retail pie into different portions.
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