(Nicholas Eckhart)

The Afterlife Of America’s Dead Malls

When a mall dies, what happens to its corpse? If the mall failed because of too much competition, renovating the mall space and building a new one doesn’t make a whole lot of senese. As America deals with the massive carcasses left over from the heyday of in-person commerce, dead malls are being re-used in many ways: some that you might expect, and others that you might not. [More]

(bluwmongoose)

As Offline Retail Dies, Commercial Real Estate Apocalypse Looms

As we do more and more of our shopping while sitting on our couches in our pajamas with an Ultrabook, we’re destroying a glorious American institution: the mall. Realspace retailers large and small alike have gone bankrupt and shut down or scaled back: a process that the recession only sped up. The best case scenario? Those former malls might become community colleges or gain some condos. What’s more likely? Rotting husks of shopping centers dotting our cityscapes, dragging down property values and making everyone sad. [More]