Rhino’s Post

The housing crisis has reached a point where developers are transforming shopping malls into living spaces. While innovative, this trend underscores a harsh reality: the demand for affordable housing is outpacing supply, forcing us to rethink where and how people can live. It’s a wake-up call to invest more in housing solutions that truly meet community needs. Let’s work together to ensure everyone has a place to call home. #AffordableHousingCrisis #HousingSolutions #CommunityFirst #UrbanDevelopment #EmpoweringResponsibleDevelopment https://lnkd.in/eM2fUYga

Retail shopping experiences are evolving and so are future development plans for cities like Surrey, where population and the need for density is on the rise. Our client Harp Khela spoke to REM | Real Estate Magazine about the inevitable evolution of the "Mall" and opportunities that exist for developers around major transit routes as cities plan for future densification. Thank you to Jamie Burke, DULE for writing and diving into this trending topic and Apcon Group for providing valuable insights on the Langley market. Read the full article: https://lnkd.in/gngX-FvP #cre #vancouverrealestate #surreyrealestate #harpkhela #densification

This is so fascinating to me! It's the ultimate work-live-play concept, which also helps solve the housing shortage problem. I'm interested to see if more of these concepts will pop up. What are your thoughts? Would you ever consider living in a mall apartment? #mallapartment #housingshortage ##workliveplay #knoxvillerealtor #knoxvillerealestateagent

#NewsTime A new real estate trend? Shopping malls converted into residential units in South Florida According to Forbes, the Urban Land Institute and National Multifamily Housing Council Research Foundation estimates that there is 1 billion square feet of obsolete retail in the US. Read more > bit.ly/3KMslXv #avantiway #realestatenews #realestateflorida

Development Opportunity at 13 South Street, Elgin The development at 13 South Street in Elgin, Moray, offers a unique and promising investment opportunity, strategically positioned to capitalise on both residential and retail market trends. This project involves the construction of eight flats and a retail unit, providing a balanced mix of residential and commercial spaces that cater to the current demands and future growth prospects of the area. Residential Market Potential Elgin's residential market is currently experiencing a significant rental shortage. This scarcity is driving rapid occupancy rates, with properties being quickly let upon availability. For investors, this translates into a stable and potentially lucrative source of rental income. The Moray region has witnessed a robust increase in house prices, with a 34% rise from 2010 to 2021, indicating a strong property sales market. This trend underscores the potential for capital appreciation and secure investment returns. Retail Unit Advantage The inclusion of a retail unit in the development adds another layer of investment security. The retail sector in Elgin benefits from increased foot traffic, particularly in growing areas like South Street. The retail unit is poised to serve the local community's needs and attract additional business, leveraging the area's development momentum. The Moray Retail Study highlights that while demand for major superstores is limited, there is potential for smaller retail operations to thrive, particularly those that cater to local needs. Strategic Location and Economic Growth Elgin is part of the Moray Growth Deal, which aims to stimulate economic development and community wealth building. This initiative supports infrastructure improvements and aims to attract further investment to the region. The development at 13 South Street aligns with these goals, contributing to the revitalisation of Elgin's town centre and enhancing its appeal as a residential and commercial hub. Investing in the development at 13 South Street, Elgin, offers an excellent opportunity to capitalise on strong rental demand and a stable property market. The combination of residential and retail spaces ensures a diversified investment portfolio, with potential for both immediate rental income and long-term capital growth. As Elgin continues to benefit from strategic economic initiatives, this development is well-positioned to become a cornerstone of the community's growth and prosperity. #InvestmentOpportunity #ElginRealEstate https://lnkd.in/e-DRs_Wk

some good ideas on what to do with abandoned malls in the era of online shopping - housing conversion projects could be very useful.

Developers are revitalizing aging malls by converting former department store spaces into residential apartments. A study by JLL found that in 2022, nearly 54% of mall redevelopments incorporated housing, with about one-third of redeveloped anchor spaces, often former Sears stores, transformed into residential units. This trend not only addresses the nation's housing shortage but also brings a steady stream of on-site customers, boosting surrounding businesses and breathing new life into these retail spaces. https://lnkd.in/dyCb4Gt6

Our 2021 report, "Rethinking the Retail Strip," was recently cited in Fortune Magazine's article on the potential to convert "strip malls, shopping centers, dead malls and their cousins" into hundreds of thousands of new apartments nationwide. ''Strip malls, they’re ubiquitous, they're everywhere, they’re often underperforming,' MAPC’s Land Use Planning Director Mark Racicot told Fortune. 'In many cases, they already fit in the neighborhood." Find our full study at: https://lnkd.in/dGD9DwR9

I love researching and reading about opportunities which impact both commercial and residential real estate simultaneously. The article below explains about how converting strip malls to residential could result in 700,000 new residences. That is 700,000. These are opportunities for investors, developers, contractors, brokers, and affiliated services galore. There are proposals and presentations to be crafted, loans to be underwritten, technology to be adapted, projects to manage, and installations to be scheduled. My team and I are here to help you throughout the process, from the business plan to the feasibility study to financing to the technology to the sale or lease. While your competitors continue to whine as if "There is no inventory", you could be running circles around them. https://lnkd.in/g-prFtmp #StripMalls #AffordableHousing #conversions #ShoppingCenters #inventory #RealEstateMarketing #RealEstate #firstin

Would you rent or purchase a home at a mall? Great article by Gabrielle Fonrouge about how developers are betting on this strategy. More Americans are living in malls, as developers get creative to help ease the housing crisis https://lnkd.in/eSckSjJ7 We see a ton of retail repositioning and/or rethinking at Farrell Fritz, P.C.; it will be interesting to see how this continues to evolve. What do you think? Peter L. Curry David Curry Michael L. Webb #realestate #development #retail