National Real Estate Investor (NREI) recently published an article discussing the opportunities in the redevelopment of underperforming malls. Hundreds of mall sites have been proposed for redevelopment into mixed use properties and that number is expected to rise as the retail sector struggles during the pandemic.
Robert Barone, R.A., LEED AP, who has worked on many mall redevelopments, shares his insights in this NREI article about what determines if the demolition and construction costs are worth it for a mall redevelopment project.