It's an amazing observation when you realize our culture is completely focused on shopping and eating. The new condo complexes are being built on top of shopping centers. When is the last time you saw a skating rink, mini-golf course or other outdoor entertainment being built? Have you seen and new and interesting outdoor activity centers even created in the last 5 years? What if the put as much imagination and energy into the outdoor entertainment efforts as they do into the shopping efforts? What would happen? First, there isn't as much (if any) profit in outdoor entertainment and experiences as there are in shopping malls. Weather is a problem outside - but not in the mall. If (when) the mall is successful, you just crank the rent and really start making the cash. If it's not, you evict the tenants that aren't driving traffic and replace them with something new and trendy. When the outdoor entertainment doesn't work, you sell the land to a mall.
The circle of (retail) life.