The malls are primarily those that are not high-end or low-end.
Earlier this year, D.J. Busch, senior analyst at Green Street Advisers, said to the New York Times, "It is very much a haves and have-nots situation."
"Middle-level stores in middle-level malls are going to be extinct because they don't make sense," Howard Davidowitz, chairman of Davidowitz & Associates, Inc., a retail consulting and investment banking firm, said last year.
The White Flint Mall in Bethesda, Maryland opened in 1977.
Source: The Washington Post
It closed early this year. In February, only Lord & Taylor remained.
Source: The Gazette
The upscale mall was home to stores like Bloomingdale's and I. Magnin. Even Elizabeth Taylor was reported to appear at a department store at the mall.
Source: Washington Post
See the rest of the story at Business Insider
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