By  on December 4, 2013

NEW YORK — At a time when few new malls are being built in the U.S., the Australian developer Westfield is reinvesting in existing properties in an effort to squeeze more profits from them.

A prime example is Westfield Garden State Plaza, located 12 miles northwest of Manhattan in Paramus, N.J., where a fashion district is under construction. A new parking deck for the addition was completed in November. The cost of the project is $160 million, said Bryan Gaus, senior general manager of Westfield Garden State Plaza.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus