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Why developers are turning to shopping malls to fix the housing crisis
MACMacerich(MAC) CNBC·2024-12-05 12:00

In this articleMACSay hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.Some U.S. developers are knocking down department stores like Macy's or JCPenney and using the spaces and their parking lots to put up apartment buildings next to the mall or connected to it via walkways and green spaces. In other cases, they've bui ...