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The repurposing of mall spaces can enhance foot traffic and revenue. Successful projects increase property value, similar to past mall redevelopments.
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Malls are transforming into mixed-use spaces with apartments next to retail. At least 192 malls plan to add housing to their footprints. Housing developments at malls could alleviate the 4.5 million home deficit. Top-tier malls see demand despite closures of large retailers like Macy's. New developments may face zoning and construction hurdles.
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