How Shopping Malls Across the U.S. Are Being Transformed Into Modern Apartments
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The episode discuss the significant American trend of converting obsolete, "dead" shopping malls into modern residential complexes, driven by the intersecting crises of the retail apocalypse and a severe national housing shortage. These essays explain how factors like the rise of e-commerce, the demise of anchor stores such as Sears, and the impact of the pandemic have left vast retail spaces vacant, which developers are now targeting as prime real estate due to their existing infrastructure and desirable locations. The conversion is presented as a pragmatic response that addresses economic blight, promotes walkable, mixed-use communities, and offers environmental benefits compared to new construction. Several case studies, ranging from Providence's historic micro-apartments to large-scale redevelopments in Phoenix, highlight the diverse approaches, benefits, and persistent challenges, such as zoning hurdles and financing difficulties, associated with transforming these monuments of consumption into integrated living spaces.
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“The Money Wire delivers sharp insights, breaking trends, and expert takes on business, finance, and the global economy—straight to your ears.”
177 episodes