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One standalone store in Coral Gables, Florida, could be torn down to build 1,000 housing units. Another four operate in malls in Braintree, Massachusetts; Concord, California; El Paso, Texas; and Orlando Florida. All those malls are owned by Simon Property Group, the nation’s largest mall operator.
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The company, once the Walmart and Amazon of its day, helped change America, from how people shopped to where they lived and more. Now the once-proud chain is in a precarious position; by next year’s holiday season, it could finally be gone.
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