Complete re-tenanting of an existing mall through on major (new) anchor.

Other non-retail users are also interested in these anchor slots, including data center operators, online retailers needing “last mile” fulfillment, and so-called dark grocery stores and ghost kitchens.

Re-leasing of anchor slots to major alternate users, such as health care, sports or fitness, or location-based entertainment.

Multi-family residential, whether ownership, rental apartments, and/or a form of affordable housing, or all potential viable uses in such re-purposing.

All or partial demolition to allow for multi-family residential, whether ownership or rental.

is an example, where the mall and surrounding area will be razed to make way for a new $3.5 billion regeneration project to emerge.

All or partial demolition of the existing mall to allow for a more vital mixed-use program to emerge.

Pembroke Lakes Mall (Florida) is an example, where the former Sears department store is to be converted to a Round One Entertainment Center.

Separate repurposing of a single major department store pad.

Some of the typical re-use scenarios for shopping mall redevelopment and re-use include: In general, malls are well-located within their host communities and situated at well-trafficked streets and intersections.Īssuming a mall is well-located, the options for redevelopment or fuller adaptive re-use are numerous. All the approaches are founded on highest-and-best use considerations, beginning with the quality of location. The coronavirus has not only propelled these changes but caused new shopping sensibilities to emerge as lock-down and work-from-home orders persisted.ĭepending upon local customer demand and interest from major new anchor tenants, shopping mall redevelopment is taking on a number of different approaches.

Retail malls (and their anchor retail tenants) were already threatened by changes in out-of-home versus online shopping behavior, well before the Covid-19 pandemic. Shopping mall redevelopment and re-use projects are in planning or in active development throughout the U.S., and around the world.

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