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It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. Backers of the tax position it as a solution to the increasing amount of empty retail space in the city.
The company’s next headquarters is being built in Arlington, Virginia. Because of the competition in the region, Amazon has reportedly been considering partnering up with physical stores. Amazon, for its part, started working in India in 2004, but retail endeavors began in earnest in 2013. The newest campus is on 9.5
The Cleveland-based firm says that it is “reviewing strategic alternatives for its retail portfolio.” According to Chain Store Age , this could mean shifting or significantly reducing its investment in the mall and retail center industry to instead focus on apartments and office buildings.
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