Re:The dying mall’s new lease on life: apartments
by twblalock on Friday July 03, 2020 @04:14PM
(#23727103)
Malls are generally just one or two stories tall and therefore a massive waste of space compared to other possible uses of the same land. Building them higher and putting housing on top is a great way to add more housing without using more land.
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Re:The dying mall’s new lease on life: apartments
by throwlogon on Friday July 03, 2020 @04:25PM
(#23727198)
Most empty malls are in places where economic demand, including demand for land, is very low. Investing money to make efficient use of something that cheap is unlikely to be a profitable move.
Re:The dying mall’s new lease on life: apartments
by CalRobert on Friday July 03, 2020 @04:33PM
(#23727270)
The real waste of space is generally the ocean of parking that dwarfs the mall itself.
Re:The dying mall’s new lease on life: apartments
by raverbashing on Friday July 03, 2020 @04:53PM
(#23727523)
I wonder if there was an analysis of demand of parking space or if it was always at significant undercapacity
Re:The dying mall’s new lease on life: apartments
by ghaff on Friday July 03, 2020 @04:59PM
(#23727591)
"Significant undercapacity" means that people don't leave when they can't immediately find a parking space (modulo maybe right before Christmas). Yes, I'm sure it's analyzed. Also adding space retroactively (especially in the form of parking garages that a lot of people don't really like) can be expensive.