And these changes will not be confined to high-end stores.
Both malls feature high-end stores and are major tourist draws for the region.
As one executive of a high-end store said - although not for attribution - "If the stock market goes south, our customers lose millions."
While several high-end stores have seen an increased interest in luxury goods, the business is not comparable to what it was in the 1980's.
Several retailing experts believe that sales in high-end stores may be off as much by 25 percent per customer.
Salespeople at high-end stores who have a little too much to say about your shoes or haircut.
"The high-end stores and the staff that are in them are a precious commodity," he said.
As of June 2012, it is a high-end store operated by Mercator.
It has one level of shopping space containing many high-end stores.
In 2006, plans were announced to build two more shopping centers, including one with high-end stores and an attractive "lifestyle" town center design layout.