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The Philadelphia Real Estate Blog questions the future of The Gallery at Market East, the PREIT-owned urban shopping mall that—despite a prime location—shuffles along like a retail zombie. A number of factors are being blamed for the vultures circling overhead: the disappearance of the mall's department store anchors; an outdated design; a high vacancy rate; a lack of street-facing windows; and the new trend toward brick-and-mortar pop-up shops.
We'd be happy to see the mall experience a rejuvenation; however, this particular train wreck is being played in such slow-motion that we've lost interest—the events leading to the impending crash are so drawn out that even the inevitable carnage isn't enough to maintain our attention. We're eager to hear your input. Do you shop at The Gallery? What would it take to breathe new life into the shopping center? Sound off in the comments.
· The Gallery at Market East [Official Site]
· The Gallery: An Idea Whose Time Has Passed? [Phila. Real Estate Blog]