If my retirement home has Dance Dance Revolution, I may just have to get myself a new hip.
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Maybe 10 or so years ago, was a real push to convert old malls into apartments or low income housing. Turns out it's not that easy. Those buildings were built with minimal plumbing, just a few public restrooms and limited water service for the food court. There's just not enough water/sewer to supply more than a small handful of apartments. You'd have to tear up significant portions of the building to run all new plumbing for all the kitchens & bathrooms. And that assumes the underlying city infrastructure that runs to the mall could even support the new water & sewage demands in the first place.
I'll grant you, it is a cool idea. It's just not nearly as simple as it sounds.
Cool idea but lack of natural light could be an issue.
Hey, that's a benefit to some of us...
If I could buy a large abandoned mall, I would absolutely love to turn it into an affordable community housing complex where shops can be set up alongside the housing units. There's definitely more than enough space in any mall I've ever been to in America where you could easily renovate and turn stores into either single unit housing or maybe 2-3 units (big stores like JCPenney or Sears not included in this count because you could turn those into tens upon tens of units, assuming they're as big as the ones at the mall near where I live).
They've turned one mall in my city into a community college and office space, and the other is going strong and attracting new tenants
They tore down the big, stagnating mall a few minutes from my place years ago. It's still a big, empty lot.
This would have been a much better and surely most cost-effective solution. Instead, we're probably eventually gonna get another soulless office park in spite of dwindling demand.
I didn't know this, on account of like not knowing a lot of land owners. But I did know one (for sure), and they had some property that unfortunately burnt down. It was more economically sound for them to keep the place an empty lot with a guard and a gate than to build something back up. I think that's naners. But also the whole situation was some kind of nanas.
I heard the same thing for landlords in the past. That having the property in any state is better than having to reinvest that cash into upkeep. So you don't particularly care about the renter's life quality, as much as you care that they keep floating money up to you and not complaining as things fall apart around them. And keeping people in crisis mode is a great way to counter any sort of counter-measures they can bring down on you. But also keeping public support organizations under-budget and overwhelmed is a solid way of sending the message "you're on your own."
I know it's kinda like a learned helplessness thing - but when everything around you is shit, and you're trying your best and just keep sinking - it's tough to fight assholes. But this is all er...my thoughts on the matter. I don't know anything definitively. Just figured they're banking that property until it's time to sell. And anything that goes into it - is money that cuts overall profits.
As is often mentioned, the plumbing situation makes this somewhat untenable.
But, as the world warms and outdoor recreation becomes impossible, I think they could be repurposed into indoor recreation centers, not that different from a regular mall, just less focused on shopping and more on fun and exercise.
It'll be just like "Dawn of the Dead"
when internet still basically consisted of angelfire and geocities (yes, even before myspace), we used to go to the mall and pester the goth kids smoking cigarettes by the mall entrances who were there because they also had nothing else to do
they've already started turning them into rental units because that's apparently the entire American economy now
Imagine how much money you could make by ripping off retired people who cannot leave the mall anymore due to old age.
Not that I would endorse this. Combining retirement homes with retail sounds dangerous for the retired.
No God please no. I hated malls as a child, this would be some sort of fucked up psychological torture.
Malls are actually doing fine.
Apparently they were already shutting down the too-many-malls that there were, but there are still a few hundred and they're doing well.
Specifically, for the reasons you're saying, because they have a food court and arcade stations and basically our community centers, more than just shopping outlets.
It looked like all the malls were dying out because there were simply too many for the American population, but now that number's kind of stabilized and slowly growing again.
But as for the disused ones that were built during the boom 20 years ago? sure.
They'd make good housing.
In Austin (when I lived there) the main mall finally closed down in the 2Ks. It was obvious that nobody was going to pick it up so the city turned it into an Austin Community College campus.
Can't have residential buildings in an area zoned for commercial use.
do rezonings not happen?
We got time to make it work.
That is absolutely untrue. Dual zoning is very common, especially between commercial and high density residential. Some are triple zoned with light industrial as well.