$200 million Shanghai Pentagonal Mart is practically deserted

The $200 million Shanghai Pentagonal Mart is a giant shopping mall in China and had been designed as a replica of the Pentagon but, it has been left virtually abandoned because the space is too expensive and too confusing. It was built in 2009 and is believed to be bigger than the Virginia headquarters of the U.S. Defense Department - it is a sprawling setup spread across over 70 acres.
This has been reported in foxnews.com dated 26 January 2016.

This mega mall is reportedly the largest vacant building in Shanghai and, in spite of the demand for retail space, has sky-high rent. When it had been opened, it was heralded for being a shopping mecca with the potential to attract hundreds of thousands of shoppers a day. The owners Shanghai Megamall had even indicated that they had signed thousands of tenants, including a number of Western brands.
Unfortunately, most of them have left and shopkeepers say its interior is like a labyrinth. Only a small portion of its stores have been leased out, mainly on the outer ring, but the interior is virtually abandoned.
Of course, hopes are not lost because Shanghai Disney Resort, which is located just 5 miles away from the Pentagonal Mart, is set to open in June and that is expected to bring increased traffic and improve business.


Image courtesy wikimediacommons.org

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