But as the country contends with a housing crisis, the fastest growing use of these spaces is apartment complexes, real estate developers said.
At least a dozen more apartment projects are underway at malls across the country, including in California, Florida, Arizona and Texas.
For developers, adding apartments can not only fill a need, but also bring people closer to their remaining retail stores and restaurants.
The Lafayette Square Mall in Indianapolis is slated to open 1,200 apartment units, including affordable housing in a former Sears building, beginning in 2025.
Take The Arcade in Providence, Rhode Island – the oldest indoor shopping mall in the country.
Persons:
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Organizations:
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Locations:
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