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Tenants Desert Korinza Mall

Date Posted: 2000-03-05

Korinza, a joint venture shopping mall in Okinawa City, has lost one of its key tenants as the first floor “Korinza Market” closed its doors, Monday.

Korinza Mall was established as a so-called “third sector” joint venture between Okinawa City, Okinawa Prefecture and private businesses. The plan was to create a shopping mall that would attract plenty of customers and help re-vitalize the Park Avenue area. However, things went wrong from the beginning. The mall had trouble attracting and keeping tenants, and as the number of shops and restaurants in the mall dwindled, the customers strayed away. New large shopping malls in Awase and Hamby area have also pulled customers away from the older areas in central Okinawa City.

The first supermarket operator in the mall, “Kuroshio” closed in January 1998, citing the lack of customers. Makishi Shoji Company that took over saw a brief upturn in the business in the beginning, but soon went into decline and is now closed.

Local officials are now scratching their heads trying to figure out what would be the key to get the mall finally on the track. So far, it seems that they will continue to have a hard time.

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