At the Christmas season, it may be hard to believe that malls are becoming scarcer, but it’s a trend that has been going on for the better part of a decade. A combination of overbuilding, online shopping, and demographic shifts has led to the demise of nearly 1/3 of America’s malls.
But there’s a silver (or green) lining in the retail cloud. Rather than let these massive malls stand empty, owners are following the green re-purposing movement and transforming old malls into new housing, new offices, and new types of retail. Retailers are downsizing their storefronts as they change from their traditional ways of doing business, opening up space in the malls that can be reconfigured into new forms: healthcare facilities, off-campus university learning centers, government offices, libraries, and housing ranging from low-income apartments to chic upscale condos.
Transformation is part of today’s design vocabulary. Warehouses become lofts, malls become community centers, and even the furnishings in offices, like the popular Swiftspace workstations, are reconfigured into whatever form suits the needs of the user at that particular time. Designing and planning for transformation adds longevity to an investment in almost anything: buildings, furnishings, even people. How is your business incorporating transformation into its long-range plan?
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