Tag Archives: Mixed-Use Development

Finnish Mall Enthusiasts Add Little Value to Local Economies

Jeez, not another mall”, I thought out loud to myself when I read that Helsinki’s City Board unanimously approved to reserve a 2.5-hectare piece of land in Roihupelto, in the middle of Helsinki’s eastern suburbs for the development of a new shopping destination. Two developers want to see new big box stores and to transform an existing modern but run down industrial building into retail space. If all goes as planned, construction of the shopping complex could start already this year with the introduction of Motonet, a chain that markets itself as a “department store for car owners”.

The other developer already owns a shopping mall called Lanterna that specializes in furniture and interior design just opposite to the proposed development’s site. I hear the numbers of shoppers visiting Lanterna have lately showed a decreasing trend, so I suppose this new project is strongly linked to wishes of attracting more customers to the area. Continue reading Finnish Mall Enthusiasts Add Little Value to Local Economies