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Strips Malls As Apartments?

Posted by: Abhijeet Chavan
Thanks to: Christopher D. Brown AICP
2 December 2003 - 12:00pm

A city in California hopes to create new housing from aging strip malls.

"Trying to increase housing supply and control sprawl at the same time, city officials here are hoping they can create new apartments from an unusual source: strip malls.Officials are considering a plan to rezone several aging strip malls in hopes that owners might convert them into a mix of apartments and retail storefronts."

Full Story: California city looks to strip malls for possible housing
Source: The Sacramento Bee, December 1, 2003
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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