You`ve likely heard the US is in the midst of a retail apocalypse. The rise of e-commerce has pushed big box stores into bankruptcy and helped create "zombie" malls across the country. It doesn`t look like the trend will reverse itself anytime soon.
At the same time, communities across the country are facing a housing affordability crisis driven by a shortage of homes. Urban planners and developers across the country are pushing a fix for both: converting strip malls into housing...
At the same time, communities across the country are facing a housing affordability crisis driven by a shortage of homes. Urban planners and developers across the country are pushing a fix for both: converting strip malls into housing...
- Old or vacant strip malls offer a promising opportunity to create much-needed new housing.
- A new report found that converting 10% of strip malls into housing could create 700,000 new homes.
- After finding the right site, the challenge is overcoming regulatory and financial hurdles.
RSK: Some or most of strip mall locations are probably not the best choice for housing. But any port in a storm?
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- - Volume: 11 - WEEK: 46 Date: 11/14/2023 3:03:33 PM -