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.
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