Shopping Malls Transform Into Housing Communities as Developers Tackle Nationwide Shortage

Shopping malls transform into housing communities as developers tackle nationwide shortage

Traditional shopping malls, once bustling centers of commerce, are now being converted into mixed-use communities that incorporate residential housing, adding much-needed housing supply to the market.The move is far from solving the housing affordability crisis – a challenge that requires multiple systemic changes – but some industry experts say it still helps address the housing shortage, particularly in states where the problem is more severe,…

Shopping malls transform into housing communities as developers tackle nationwide shortage | The New York Ledger

Conventional mall, as soon as dynamic centers of commerce, are now being transformed into mixed-use neighborhoods that integrate domestic real estate, including much-needed real estate supply to the marketplace. The relocation is far from fixing the real estate price crisis– an obstacle that needs several systemic modifications– however some market professionals state it still assists resolve the real estate lack, especially in states where the …