Giving new life to “ailing” shopping malls takes loads of money and vision

Once-bustling enclosed shopping malls that have closed or are “ailing” can be repurposed, but it takes “millions of dollars and even more vision and tenacity to do so,” Crain’s Cleveland reports. The “once-troubled Parmatown Mall” is now in its first holiday season as the open-air Shoppes at Parma, after a $90-million, “five-year rebuilding process,” according to the article. Fairview Park’s Westgate Mall underwent a similar $75-million makeover to turn it into an outdoor shopping center; both malls had strong demographics that “made them targets for such remakes.” Other shopping center properties are not revived but instead completely repurposed, such as enclosed malls in North Randall and Euclid that are being torn down “to be resurrected as massive warehouse distribution centers for Amazon.” Others are prospects for “large-scale office uses” such as call centers. For more, read the full article.  

 

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