When the retail giant of West Hollywood closed its doors on Wednesday, some residents and shoppers said they had lost hope in a downtown revival.But it remains unclear how that would affect a bustling entertainment district that once had more than a million visitors a day.The mall, located at 1128 N. California St., was among the city's most prominent assets when it opened in 2004.Its iconic red a...
In the years since opening its doors, the New York City-based Galleria Mall in the heart of downtown Brooklyn has become a tourist hotspot and an economic engine for the area.
More than 1,400 people are employed at the mall, which is run by Galleria Properties LLC, which bought the mall for $15.5 million in January.
“Our mission is to create a place that will be a home for the future and for our families and friends,” said Galleria president and CEO Peter Gorman in a statement.
Gorman said the mall is in the middle of an expansion that will include a new hotel, restaurants, a fitness center and more.
The company is looking to raise $5 million from the city to help pay for the expansion, which will begin in 2018.
Gorman has said he expects the mall to be profitable by 2021.