N@N

The American shopping mall is being reinvented

The article from CNN Business, published on February 15, 2025, discusses the transformation of traditional American malls into mixed-use developments that incorporate residential apartments. This shift is driven by the decline in retail due to online shopping, prompting mall owners to repurpose their spaces to remain viable. These new developments aim to create vibrant, live-work-play environments where people can live, shop, dine, and work in the same area. The article highlights several examples across the U.S., like the transformation of the Westfield San Francisco Centre into a mixed-use property with residential units, retail, and office spaces. This trend not only revitalizes the malls but also addresses housing shortages in urban areas, offering a new model for urban planning that integrates community living with commercial activities.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/02/15/business/american-mall-mixed-use-apartments/index.html ]