For example, the Mall of America — one of the largest malls in the world located in Bloomington, Minnesota — charges a base rent of $2,500 to $9,000 per month.
Keeping this in view, why did Bloomingdale’s close at Mall of America?
Bloomingdale’s said Wednesday it is closing its Mall of America store — its only Minnesota location — because it is underperforming. Mall of America spokesman Dan Jasper said the retailer will be replaced by four “international fashion-forward” stores — three of them new to the Twin Cities.
Subsequently, what is the biggest mall in Minnesota?
| Rank | Shopping center | Vacancy rate |
|---|---|---|
| 1 | Mall of America 60 Broadway E Bloomington, MN 55425 952-883-8800 mallofamerica.com | 14.68% |
| 2 | Southdale Shopping Center 6601 France Ave. Edina, MN 55435 952-925-7874 simon.com | 22.54% |
How much does a store front cost?
Most areas have an average price per square foot. For example, a store in a popular shopping center located directly in front of a busy highway may run $23 per square foot. So for 1,900 square feet, that would cost approximately $3,642 per month.
How much does a mall cost?
The national cost average is $50M to $250M with most people paying around $180M for a two-story regional mall containing 3 anchor stores. At the lowest cost, you can build a 7,000 sq. ft.
What are the four anchor stores at the Mall of America?
Mall of America opened its doors to the public on August 11, 1992. Its anchors were Nordstrom, Macy’s, Bloomingdale’s and Sears.
Is Mall of America dangerous?
In our experience, the Mall of America is safe and (still) a fun place to visit. We suggest you follow safety protocols and enjoy the mall and its attractions. As stores and attractions continue to reopen, review Mall of America’s Now Open page to know exactly what retailers are open.
Do you have to pay to get into Mall of America?
How much does it cost to visit Mall of America? There is no fee to park or window shop at Mall of America. Other costs vary by activity, event, restaurant, and retailer.
Does Mall of America have Gucci?
Gucci Boutique @ Nordstrom | Mall of America®
What is Mall of America known for?
Recognized as the largest shopping and entertainment complex in the United States and one of the most visited tourist attractions on the globe, the Mall of America receives roughly 40 million visitors a year. Located just 15 minutes from Downtown Minneapolis. Mall of America just celebrated its 25th anniversary.
What is America’s biggest mall?
List of largest shopping malls in the United States
| # | Mall name | Retail space Sq. feet/(m²) |
|---|---|---|
| 1 | Mall of America | 5,600,000 square feet (520,000 m2) |
| 2 | American Dream | 3,000,000 square feet (280,000 m2) |
| 3 | King of Prussia Mall | 2,793,200 square feet (259,500 m2) |
| 4 | South Coast Plaza | 2,738,730 square feet (254,436 m2) |
