How Shopping Malls Are Being Transformed Into Apartments In The U.S.
The American shopping mall, once a bustling hub of retail activity, is undergoing a dramatic transformation. As anchor stores like Macy’s, JCPenney, and Sears close their doors, real estate developers are finding innovative ways to repurpose these vast spaces1. One of the most intriguing trends is the conversion of shopping malls into residential apartments.
The New Anchor Store: Housing
Developers are knocking down department stores and constructing apartment buildings in their place. This trend is not just about filling empty spaces; it’s about creating vibrant, mixed-use communities1. For instance, the FlatIron Crossing Mall in Broomfield, Colorado, is being redeveloped to include housing units. This new approach brings people closer to retail and restaurant spaces, fostering a sense of community and convenience2.
Addressing the Housing Shortage
The U.S. is facing a significant housing shortage, and repurposing malls into apartments is one way to address this issue. As of January 2022, at least 192 U.S. malls had plans to add housing to their footprint2. States like California, Colorado, Florida, Arizona, and Texas are leading the way with numerous apartment projects underway.
Living in a Mall
Living in a mall might sound unusual, but it offers unique benefits. Residents enjoy the convenience of having shopping, dining, and entertainment options right at their doorstep1. The Arcade Mall in Providence, Rhode Island, is one example where people are experiencing the perks of mall living.
Challenges and Opportunities
While the transformation of malls into apartments presents opportunities, it also comes with challenges. Developers must navigate zoning laws, design considerations, and community concerns2. However, the potential benefits—such as revitalizing neighborhoods and providing much-needed housing—make it a worthwhile endeavor.
Conclusion
The transformation of shopping malls into apartments is a creative solution to the changing retail landscape and the housing crisis. It’s a trend that not only breathes new life into old spaces but also offers residents a unique living experience. As more malls undergo this transformation, we can expect to see more vibrant, mixed-use communities emerging across the U.S.
