As several big retail spaces have closed down, it has left hundreds of thousands of square feet ready to be transformed into a new vibrant community filled with retail, office, and food spaces! Many cities around the country are getting creative with how they repurpose these giant spaces, bringing new life into their surrounding areas! Take a look.
In 2017 alone, more than 8,600 retail stores in the U.S. were estimated to close up shop including big retailers like Macy’s, Sears, and JCPenney that malls relied on to draw in customers, but it didn’t mean that the retail industry was about to end. It is simply giving the retail industry a new opportunity to revolutionize those empty retail spaces which on average are 250,000 square feet!
For example, the Sears’ that used to occupy a major site near the Santa Monica Pier has been closed since 2008 and has since been abandoned, is now on its way to becoming a vibrant atmosphere to bring to the local community!
In what was once a site for just one retailer, is being reimagined as usable spaces for the community to enjoy! As city planners and developers find creative ways to repurpose the unused square feet of retail space, the local community becomes inspired and hopeful to revisit these abandoned locations.