Re:Busted retailers use bankruptcy to break leases by the th...
by Analemma_ on Thursday August 06, 2020 @04:33PM
(#24075165)
How much does that cost, and is anyone going to pay that cost when residential rents are also falling? Commercial property is so different from living quarters that I wouldn't be surprised if "conversion" isn't actually possible, short of just razing it and building from scratch.
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Re:Busted retailers use bankruptcy to break leases by the th...
by pkaye on Thursday August 06, 2020 @05:56PM
(#24075899)
I've seen that conversion in Silicon Valley.
There is the Valco mall in Cupertino being demolished for mixed use residential, retail and office space. That mall was dying for a decade.
Then there is Santana Row in San Jose. Used to be a strip mall as I recall. Now its high end shopping and residential.