Shopping Malls Repurposed into Housing Amid National Shortage

Developers convert retail spaces into residential communities to address the growing housing supply gap across the country.

Summary

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Terms & Concepts
  • Mixed-Use Development: A type of urban development that blends residential, commercial, cultural, and institutional uses in one space, often to maximize land use efficiency.
  • Housing Shortage: A situation where the demand for housing exceeds supply, leading to increased prices and limited availability for residents.
  • Adaptive Reuse: The process of repurposing old buildings or sites for new uses, such as converting retail spaces into residential units.