Monday, August 23, 2010
Good Mall was the first mall on 8th Avenue having multiple stores and businesses inside subletting. It's located off the corner on 8th and 60th street. Profitable for the lease owner and utilizing space efficiently. I first encountered such malls in Hong Kong where space is at a premium and capital for budding entrepreneurs was scarce. I also saw similar malls in Tokyo. Besides Chinatown I don't know anywhere else the concept has taken off. It seems particularly a Chinese innovation in New York City. The shops inside offer an eclectic collection of woman's apparel, computer repair and the usual cellphone peddlers. They do make it an interesting place to visit. An even larger mall with more than 50 micro stores has been operating between 55th and 56th streets. But more on that tomorrow.