Report: Repurposing Retail Centers
Updated: Jan 24
"Once able to attract consumers by offering a range of retail options in a single location,
traditional malls have struggled to compete with other retail formats in recent years. Many
anchor stores and smaller mall-based retailers have gone out of business due to competition
from online and budget retailers. Although certain upscale malls located in dense and
growing metropolitan areas continue to attract customers, Class B and C retail centers have
struggled to remain open.
While many of these properties may no longer support a traditional mall, they are often
strong candidates for redevelopment. This report examines how developers have revitalized
properties by adding new uses, amenities and services. Individual profiles describe how
developers repositioned or redeveloped obsolete malls using a variety of approaches."
- Jason Beske