The owner of the Newgate Mall plans to pour $500,000 into overhauling the outdated food court in a bid to lure restaurateurs and hungry shoppers. Rent payments from eateries are never going to recoup the renovation costs, but for landlord Time Equities Inc., thatâs not the point. The point is survival.
The food hall is part of an effort to breathe new life into the entire 718,000-square-foot center and increase foot traffic, according to Ami Ziff, director of national retail at New York-based Ti...
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