3 ms·
I could be wrong, but it seems like the cost to demolish a mall and completely rebuild is dwarfed by the value of the real estate. I don't particularly want to
by hooande 5y ago
I could be wrong, but it seems like the cost to demolish a mall and completely rebuild is dwarfed by the value of the real estate. I don't particularly want to live in a former mall, but I might be interested in a condo in the same location. Just demolish everything and have developers create new living spaces from scratch. Malls are mostly parking lots anyway.
I may be drastically underestimating the cost of such a project. But the real estate for centrally located malls is likely to continue increasing in value.
- adammunich 5y agonatural resources are getting scarcer
- autoexec 5y agoAs long as the places are nice and suit my needs I wouldn't mind an apartment in a converted mall. To be honest though there are a ton of available condos and rental options I can afford. What we really need more of in many areas are decent rental units affordable for people making closer to minimum wage and a converted mall might be a really nice place for that, especially if it can help build and support small communities where folks can get to know and help each other while offering easy access to stores and jobs.