A Hint of What’s to Come for Dying Malls: Phoenix Mall Owner Sells Out as Property is Rezoned

Updated: Jul 1



As malls close across the country, their vacancies provide valuable opportunities for redevelopment. While some malls will be transformed into additional warehouse space to support the rise of e-commerce, others may be repurposed to better serve their community. Paradise Valley Mall in Phoenix will be redeveloped into a community center offering housing, office space, retail, restaurants, and even a grocery store.


To learn more, read the original CNBC article by Lauren Thomas:

https://www.cnbc.com/2021/04/01/macerich-sale-of-arizona-mall-hints-at-whats-to-come-for-dying-malls.html