Repurposing, not redevelopment, could be future for struggling retail properties
Even before the COVID-19 pandemic caused changes in consumer behavior to accelerate, those shifts were already well underway; ecommerce was on the rise, and brick-and-mortar retail was contending with how to compete. In cases where brick-and-mortar couldn’t compete, investors, developers and city planners have had to grapple with the challenge of what to do with…