11/23/2023 0 Comments Lunar toy store new yorkMore than 35 businesses are open, and more are in the works for winter, including a Korean barbecue restaurant and an arcade, said Helen Lee, an executive vice president at F&T Group, which co-developed the property. Tangram, a mall in the Flushing neighborhood of Queens, New York, already has more than 75% of its retail spaces leased after it opened last year. Pacific East Mall, a 25-year-old mall in the San Francisco Bay Area, is nearly at full capacity after it underwent major renovations last year, leasing executive John Luk said. The bustling Diamond Jamboree mall in Irvine, California, by contrast, has no vacancies, leasing manager Helen Wang said. retail spaces, according to researchers at the global real estate services company JLL, with the share of empty space rising from 4.3% in 2018 to 8.8% this year. Malls face the highest vacancy rates among U.S. Offerings like those have helped Asian-focused malls buck broader industry trends. “Our photocard trading events and annual Random Play Dance event give our community a platform to express themselves and interact with kindred spirits.” “The moment you step into K Place, you are immersed in a diverse crowd united by K-pop,” she said. have those more traditional offerings, some are also luring in young shoppers by hopping on food trends or leaning into K-pop fandom.įor more from NBC Asian America, sign up for our weekly newsletter. While many long-standing Asian malls in the U.S. She added, “I like this place a lot because everything’s cheap.”Īsian Garden Mall, which opened in 1987, boasts more than 300 largely family-owned shops selling specialty products like herbal tea, traditional Vietnamese dresses and jewelry. I love the people and atmosphere,” said Leonida Garcia, 62, a Filipina prep cook at Disneyland who lives in Westminster and has attended the night market four times this year. And for sites like Asian Garden Mall, community events like the night market are added draws. A Chinese noodle bar in a complex might draw families celebrating Lunar New Year or birthdays, for example, who can then pop into the Korean clothing store next door or grab sweets at the Japanese bakery around the corner. For Asian-focused malls, however, retail tenants tend to serve as social gathering places that attract diverse clienteles for reasons that go beyond shopping.
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