When A Store Closes, A Development Opportunity Opens
As Albert Einstein once said, “In the middle of difficulty lies opportunity,” and that is proving true in the wake of big-box store closures across the country. As Taylor Johnson client KTGY Architecture + Planning tells Heartland Real Estate Business, the vacant retail spaces can be reimagined as mixed-use complexes that become vibrant communities within a community. Read the article to learn how densification, pedestrian walkways and a mix of tenants can convert shuttered retail spaces into local destinations.
And, check out this Wall Street Journal article that continues the conversation with a look at how mall owners are redefining anchor tenants.
KTGY Architecture + Planning redesigned an aging shopping center to create Scout on the Circle in Fairfax, Va.