https://www.cnbc.com/2020/07/14/minimum-wage-workers-cannot-afford-rent-in-any-us-state.html
"In fact, the average minimum wage worker in the U.S. would need to work
almost 97 hours per week to afford a fair market rate two-bedroom and 79
hours per week to afford a one-bedroom, NLIHC calculates. That’s well
over two full-time jobs just to be able to afford a two-bedroom rental."
Minimum wage should mean the lowest wage that lets you still make a living.
Tuesday, July 14, 2020
Thursday, July 9, 2020
Turning dead malls into apartments
https://www.bloomberg.com/news/articles/2020-07-08/lisbon-s-plan-to-reclaim-vacation-rentals-for-housing
"At the Alderwood Mall in Lynnwood, a suburb north of Seattle, an adaptive reuse project already in progress suggests that America’s vast stock of fading shopping infrastructure could indeed get a second life as places to live. Such transformation could even bring malls closer to the “village square” concept they were initially envisioned to become.
Developers are turning a wide swath of the 41-year-old shopping center into Avalon Alderwood Place, a 300-unit apartment complex with underground parking. The project won’t completely erase the shopping side of the development: Commercial tenants will still take up 90,000 square feet of retail. But when the new Alderwood reopens, which developers expect will happen by 2022, the focus will have shifted dramatically. One of the mall’s anchor department stores, Sears, shut down last year; in a sense, the apartment complex will be the new anchor. "
I wrote about this before about a mall in Mesa, Arizona. Hopefully this idea catches on rather than just let malls rot.
"At the Alderwood Mall in Lynnwood, a suburb north of Seattle, an adaptive reuse project already in progress suggests that America’s vast stock of fading shopping infrastructure could indeed get a second life as places to live. Such transformation could even bring malls closer to the “village square” concept they were initially envisioned to become.
Developers are turning a wide swath of the 41-year-old shopping center into Avalon Alderwood Place, a 300-unit apartment complex with underground parking. The project won’t completely erase the shopping side of the development: Commercial tenants will still take up 90,000 square feet of retail. But when the new Alderwood reopens, which developers expect will happen by 2022, the focus will have shifted dramatically. One of the mall’s anchor department stores, Sears, shut down last year; in a sense, the apartment complex will be the new anchor. "
I wrote about this before about a mall in Mesa, Arizona. Hopefully this idea catches on rather than just let malls rot.
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