logo
welcome
CNBC

CNBC

More Americans are living in malls, as developers get creative to help ease the housing crisis

CNBC
Summary
Nutrition label

79% Informative

At least 192 U.S. malls planned to add housing to their footprint as of January 2022 , and at least 33 had constructed apartments since the pandemic began.

At least a dozen more apartment projects are underway at malls across the country, including in California , Florida , Arizona and Texas .

Developers are knocking down department stores like Macy 's or JCPenney and using the spaces and their parking lots to put up apartment buildings next to the mall.

Apartments at U.S. malls aren't everywhere yet.

Many of the housing developments are still under construction and will start renting over the next few years .

The Lafayette Square Mall in Indianapolis is slated to open 1,200 apartment units, including affordable housing in a former Sears building.

The new food court boasts separate dining areas and a self-serve beer tap with rotating brews.

The food court has more than a dozen restaurants and is a draw for tourists, locals and building residents alike.

"It's really convenient to have, like, if we were ever snowed in we can survive without ever leaving".

VR Score

80

Informative language

78

Neutral language

68

Article tone

informal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links