Posted by: Southsider2k12 Apr 28 2021, 09:26 AM
https://www.nwitimes.com/business/local/lighthouse-place-grappling-with-vacancies-amid-pandemic-retail-woes/article_840a93bb-e3d0-56d4-b351-882aaf0b1cd6.html#tracking-source=home-top-story
QUOTE
The Lighthouse Place Premium Outlets in Michigan City — home to outlet stores of leading retailers like Brooks Brothers, Eddie Bauer, H&M, Kate Spade New York, Le Creuset, Levi's Outlet, Loft, Puma and Under Armor — continues to bustle with crowds of shoppers on most weekends when the weather cooperates. There's even often lines to get into stores like the Nike Outlet Store on weekends, due in part to capacity restrictions.
But the outlet mall at the site of a former Pullman train factory at 601 Wabash St. in downtown Michigan City is suffering from a conspicuous rise in vacancies. The occupancy rate was 99% in 2015, according to a Securities and Exchange Commission filing.
But now 20 of the roughly 100 storefronts at the mall are vacant and available for lease, according to owner Simon Properties' leasing plan.