What: The Monmouth Mall, one of the largest in New Jersey, is going through a “de-malling” process to be reintegrated in the city centre as an open air mixed-used project.

Why is it important: are we on the eve of seeing a rightsizing in terms of retail space and square meterage across the world?

The Monmouth Mall in New Jersey is being transformed into an open-air shopping center called Monmouth Square, significantly reducing its retail space. This renovation, led by Kushner Companies, includes the addition of 1,000 luxury apartments. The process involves demolishing parts of the mall and converting indoor spaces to outdoor areas. Despite these changes, some key tenants like Macy’s, AMC Theatres, and Boscov’s will remain. The redevelopment aims to create a mixed-use town center with shops, restaurants, apartments, and medical office space, with construction starting later this year.

A New Jersey mall to be transformed in a mixed-use building