Mixed-Use Redevelopment Brings New Life to Greater Philadelphia's Outdated Malls

- Driven by changing consumer habits and challenges facing traditional retail, outdated malls are being redeveloped into mixed-use spaces.

- Mixed-use redevelopment creates value by attracting new residents and businesses and fostering vibrant, sustainable neighborhoods while mitigating risk for developers.

- Several Greater Philadelphia malls are undergoing successful conversions which are seeing increased occupancy and investment.

- Existing property owners are also investing in redevelopment with companies like PREIT repurposing their existing properties, including adding residential units to their malls and redeveloping obsolete office spaces.