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Retail reset | Long Island Business News

These days, retail real estate on Long Island is increasingly becoming a tale of the haves and the have-nots.

The contrast might be most stark when it comes to shopping malls, with some rebounding nicely from the depths of the pandemic and others headed for redevelopment.

Two struggling Long Island malls, the Sun Vet Mall in Holbrook and the Sunrise Mall in Massapequa, have new developers who are looking to reinvent the properties.

The nearly empty Sun Vet Mall, a 270,000-square-foot retail complex on 18 acres at the northwest corner of Sunrise Highway and Veterans Memorial Highway, is a shadow of its former self. Once anchored by a 60,000-square-foot Pathmark supermarket and a 100,000-square-foot Toys-R-Us, the two big-box stores that flank the mall have been vacant for a while, which has had a devastating impact on the 110,000-square-foot interior portion of the mall. Once home to 30 retail tenants, the mall is now a virtual ghost…

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