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johns624 wrote:Look at the bright side, all their pink Izod shirts will be on clearance...
casinterest wrote:A lot of big box stores are suffering. It has me wondering. With the rise of Amazon and online browsing, what will happen to all of these big stores?
The footprint is huge for these stores and malls. What will become of the space?
1. Exercise facilities?
2. Schools?
3. Left to rot for druggies and vagrants?
4. Demolished for parkspace?
5. Rebuilt as High Density Suburben living areas?
There is going to be a lot of commercial real estate available soon.
desertjets wrote:casinterest wrote:A lot of big box stores are suffering. It has me wondering. With the rise of Amazon and online browsing, what will happen to all of these big stores?
The footprint is huge for these stores and malls. What will become of the space?
1. Exercise facilities?
2. Schools?
3. Left to rot for druggies and vagrants?
4. Demolished for parkspace?
5. Rebuilt as High Density Suburben living areas?
There is going to be a lot of commercial real estate available soon.
In light of the news of the Macy's, Sears and now JCP store closures I saw an article that basically said the US has a massive over supply of retail space. Even when calculated per captia the amount of retail space that exists in the US is massively above all other western countries. So there is a huge question as to what to do with disused retail space. Ideally #4 or #5 would be the answer.
phluser wrote:desertjets wrote:casinterest wrote:A lot of big box stores are suffering. It has me wondering. With the rise of Amazon and online browsing, what will happen to all of these big stores?
The footprint is huge for these stores and malls. What will become of the space?
1. Exercise facilities?
2. Schools?
3. Left to rot for druggies and vagrants?
4. Demolished for parkspace?
5. Rebuilt as High Density Suburben living areas?
There is going to be a lot of commercial real estate available soon.
In light of the news of the Macy's, Sears and now JCP store closures I saw an article that basically said the US has a massive over supply of retail space. Even when calculated per captia the amount of retail space that exists in the US is massively above all other western countries. So there is a huge question as to what to do with disused retail space. Ideally #4 or #5 would be the answer.
I don't see #4 as a typical replacement. Its such that site owners of commercially zoned land want revenue producing properties and parks and trees don't generate revenue. It maybe rare to see trees, park space and green space return once "they've paved paradise and put up a parking lot". I have seen a hospital demolished and replaced with grass, but it might have been because for whatever reason, an abandoned hospital can't be left as such. It seems more than often, abandoned retail space is just left as is though, or lower quality chains fill, or in best case, it will be redeveloped for new retail, office or residential.
#1 is very common with Planet Fitness as it has taken over several former grocery store spaces. A former mall department store is too big for Planet Fitness.
Interestingly enough, the former Suburban Square macy's in the Philadelphia region will be a Lifetime Fitness, a very large and expensive gym.
http://www.philly.com/philly/business/r ... -mall.html
casinterest wrote:A lot of big box stores are suffering. It has me wondering. With the rise of Amazon and online browsing, what will happen to all of these big stores?
blueflyer wrote:casinterest wrote:A lot of big box stores are suffering. It has me wondering. With the rise of Amazon and online browsing, what will happen to all of these big stores?
According to the Wall Street Journal, you left out a key option: grocery stores!
https://www.wsj.com/articles/coming-soo ... 1488882603
desertjets wrote:Winrock Center here in ABQ is an interesting example where they have finally made progress after more than a decade of the original mall going dead in redeveloping the property. But I am still wondering why in the hell the City of Albuquerque allowed two malls to be developed within a mile of each other 50 years ago -- probably for all that sweet sweet sales tax and commercial property tax money to fill city cofers, but still a highly short sighted move.