Potential land mines await those seeking to raze and redevelop a space that spans dozens of football fields
Many developers look at failing malls and envision modern office campuses, bustling warehouses or residential buildings. But some are finding that converting these shopping centers isn’t so easy.
Repurposing a mall is expensive. New owners typically need to shell out hundreds of millions of dollars on construction and labor, developers and brokers say.
Continue reading at The Wall Street Journal.
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