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(Bloomberg)   Americans used go to malls to shop. Soon they'll live there as they shop from home   (bloomberg.com) divider line
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546 clicks; posted to Business » on 02 Jul 2020 at 12:51 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



12 Comments     (+0 »)
 
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2020-07-02 10:48:15 AM  
Potentially cool if a next, new Frederick Law Olmsted architect type is waiting for opportunity.
 
2020-07-02 1:04:16 PM  
Where I'm from, retail with apartments on top will get a bank to give developers a loan faster than ice melts in the desert.
 
2020-07-02 1:15:13 PM  
Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.
 
2020-07-02 1:20:18 PM  
Yeah i can't see anyone moving into the dead mall in town. Oldest enclosed mall in Indiana. Been more or less dead for a decade. Medical supply store, a bar, and maybe 1-2 food court places barely staying alive. Think it has a health care place. It is dead. Healthy busy mall about 2 miles up the road.
 
2020-07-02 1:22:32 PM  

WhiskeySticks: Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.


Centralized low income housing is never a good idea
 
2020-07-02 1:28:35 PM  

chitownmike: WhiskeySticks: Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.

Centralized low income housing is never a good idea


You mean like how it's been going on for how many years?
 
2020-07-02 2:06:57 PM  

WhiskeySticks: Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.


Sadly, it's actually been forbidden by law to build new public housing since 1999, thanks to the GOP.
 
2020-07-02 2:32:53 PM  

WhiskeySticks: Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.


Also great for retired folks, no employment needed.  No traffic hazards, no ice to slip on, everything within walking distance.  Add an Urgent Care unit and you're set.
 
2020-07-02 2:34:28 PM  

AAAAGGGGHHHH: WhiskeySticks: Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.

Sadly, it's actually been forbidden by law to build new public housing since 1999, thanks to the GOP.


Right now, most cities and localities try to make do with mixed income apartments. The problem is demand always exceeds supply in expensive American cities.

The question is: are we going to see White Flight 2.0 with the coronavirus as middle and upper middle classes flee the cities again?
 
2020-07-02 8:02:27 PM  
I couldn't possibly be the only one who remembers this show. Nothing is obscure on Fark.

Fark user imageView Full Size
 
2020-07-02 9:16:57 PM  
WhiskeySticks:Sadly, it's actually been forbidden by law to build new public housing since 1999, thanks to the GOP.

AllCatsAreBeautiful:
Right now, most cities and localities try to make do with mixed income apartments. The problem is demand always exceeds supply in expensive American cities.

More often than not, the developer will "pledge" to build 10%+/- Below Market Rate housing in their project, then not actually build it but donate an equivalent budget amount to a "fund" to build it elsewhere; and it almost never actually gets built.
Not even "affordable" by whatever standard, just slightly less expensive than the previous similar development sold for.
 
2020-07-02 9:22:54 PM  

natazha: WhiskeySticks: Turn it into low income housing. Owners are guaranteed rent, there's already a bus line there, other stores and restaurants near by for employment. Probably grocery stores too. You don't even need a car to get where you're going.

Also great for retired folks, no employment needed.  No traffic hazards, no ice to slip on, everything within walking distance.  Add an Urgent Care unit and you're set.


As soon as the malls started getting quiet, old folks homes were the first thing I thought of. Nice inside area to walk...possible food court...still some shopping, medical....
 
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