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Cities Restore Lost Streets, Local Charm After Razing Failed Malls

April 19, 2017

According to an article in the Wall Street Journal, in response to the loss of anchor tenants throughout malls in the U.S, as well as the subsequent demise of the location as a whole due to the increase in popularity of online shopping, in online market hubs such as Amazon for example, cities have enlisted the help of developers to monetize deceased malls. Local governments are eager to assist developers revitalize stagnant locations by demolishing previous malls and constructing new shops, offices, apartments, and hotels.

Cities Restore Lost Streets, Local Charm After Razing Failed Malls