If retail is dying, why is money pouring into malls?

Builders have been especially busy working on malls, spending $404 million in April

If you are one of those people who thinks America’s retail industry is doing just fine, well, there are three possibilities: You’ve been living under a rock; you think Amazon refers to a South American river; or you’re a real estate developer.  
 
As everything from once-mighty department stores to niche clothing chains announce plans to shutter hundreds of locations, and retailers file for bankruptcies at a record pace, builders are pouring growing sums into retail projects.
 
Across the country, construction spending on shopping centres topped $1.6 billion in June, the largest amount since 2008 and the Great Recession.