Repurposing Retail Centers: Profiles in Adaptation, Repositioning and Redevelopment
November 21, 2019
Through five case studies published by NAIOP, our Jason Beske looks at how developers are transforming struggling or closed malls into new assets for the community
The declining prospects of North America¡¯s shopping malls have been the subject of significant media attention, industry concern and public interest. Faced with competition from e-commerce and shifting consumer preferences for other retail formats and experiences, hundreds of traditional shopping malls have closed in recent decades, with many more closures expected in the coming years. The NAIOP Research Foundation commissioned this report to examine how developers are transforming struggling or closed malls into properties that fit within current market conditions and serve the needs of their surrounding communities.
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