John Enagonio’s Post

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Advocating for Owners and Investors, Multifamily Design and Construction

Strip retail centers are located in every community, and this Enterprise Community Partners sponsored report found converting just 10% of them -- typically older, underutilized properties, could create 700,000 new homes. Half would be lower density multifamily, and half would be higher density, up to mid-rise mixed use buildings. The author asserts, "It's not only housing strategy, but you can add the economic development lens, the urbanism lens by making it more pedestrian-friendly and walkable and accessible by transit." While structural unsuitability often hinders conversion of urban office buildings, the major redevelopment hurdle on strip malls is existing single-use zoning. In the DMV, conversion at the inner ring suburbs offers housing where is is needed the most -- people places instead of parking lots. #affordablehousing #neighborhoods #commercialrealestate #creativefinancing #zoning

Turning a tiny fraction of America's dead strip malls into housing could create 700,000 new apartments

Turning a tiny fraction of America's dead strip malls into housing could create 700,000 new apartments

businessinsider.com

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