Corvin Palace Development News Today

Retail and shopping center development remains constrained by the increasing use of e-commerce and concerns over spending power. There are no major mall projects in the pipeline, with owners essentially concerned with redeveloping and upgrading their retail, leisure and service offer to enhance the retail experience and meet ever more sophisticated consumer demands.

A Hungarian private family developer is reconstructing a classical-style former department store building into what it says will be a modern retail, leisure and office complex called Corvin Palace.