How Retail Locations Find a Second Life as Mixed-Use Communities

The formation of mixed-use communities is one of the most feasible ideas to promote affordability, access to healthcare, and a sense of support for one another. Retail locations can play a significant role in helping meet this goal. Read on to learn how.

Vacant Malls as Combination Residential Spaces

The pandemic has significantly encouraged most businesses to resort to online marketplaces to offers their products and services and reach out to an expansive target audience. As a result, the commercial real estate sector now offers various vacant malls that can easily be transformed into mixed-use spaces.

Considering how malls are strategically located in areas with easy access to stores, public transportation, and medical facilities, properties owners can use these dying spaces as residential properties by renting them out to people looking for affordable housing.

Many young individuals are struggling to find a long-term residence with affordable rent and easy access to transportation. These include college students and independent employees. These commercial properties can provide such individuals with shelter and a safe space to lead lives.

Grocery Stores as Fitness Avenues

If there’s one thing most grocery stores are common for, it’s food. These are places where most health-conscious people go to purchase everything they need to maintain their diet and lead a healthy life.

An innovative way to use a grocery store as a mixed-use property is by creating a small fitness center within the space. It’s an excellent option, especially if these stores have additional unused space. It’ll allow visitors to engage in a health-focused session without worrying about hefty gym memberships.

Empty Warehouses as Auditoriums

Warehouses often move just as businesses do. As a result, these massive spaces are left with no purpose. However, small towns and counties can turn this place into a mixed-use avenue by creating a small auditorium to hold events and meetings.

It’s critical not to disrupt the regular warehousing practices during this process. As a result, these places can serve as a platform for open communication and communal unity.

Have some innovative ideas to make the best use of commercial properties? Reach out to our professionals to turn them into reality. At Prestige Development Group, we’re dedicated to helping you meet your investment goals by assisting you with transforming your commercial real estate into anything you want it to look like. We’ll work with you to understand your vision and will use our expertise and resources to flip the space, and design it to meet your requirements. Call us at  915.243.0720 or visit our website to speak with us today!

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