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

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