Staying Competitive Means Reinventing Retail Centers, Even If They’re Less Than 15 Years Old

Celebratory swings of the wrecking ball tend to be a big part of groundbreakings for North American Properties-led redevelopments. The latest example of such creative destruction — NAP’s rework of the open-air Ridge Hill shopping center in Yonkers, New York — kicked off on April 10. “Redevelopments are usually about adding GLA,” said NAP project executive Kevin Polston, referring to gross leasable area. “Well, ours are almost always about reducing GLA. It’s addition by subtraction.”

source: ICSC