As retailers close bricks-and-mortar stores at an accelerating pace, shopping-center landlords like Starwood Capital are facing a vexing question: What to do with all this empty space?
Their solutions are varied but all have a common element: reducing, or even eliminating, retail from the equation.
Some landlords plug empty spaces with churches, for-profit schools and random enterprises while they figure out a long-term plan. Others see a future in mixed-use real estate, converting malls into streetscapes with restaurants, offices and housing. And some are razing properties altogether and turning them into entertainment or industrial parks.
Idk about elsewhere but it seems like the trend here in Charlotte is mixed use developments with 4-6 floors of apartments stacked on top of a floor of retail space.
Submitted June 12, 2017 at 10:18AM by MasterCookSwag http://ift.tt/2skO2HP
