Dying Shopping Malls Can Make Room for New Condos and Apartments

LA Times

By Andrew Khouri

In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail space and a concert venue. In Orange County, an aging mall will give way to a mixed-use development with more than 900 homes. And in the South Bay, hundreds of homes are planned to replace a struggling mall that opened in the mid-1980s.

Read More

Previous ULI Fall Meeting
Next Lennar Acquires 19 Acres in Fontana, CA

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

How San Diego’s Homebuilding Slump Compares to the Rest of SoCal

San Diego County is on track to build fewer homes than it did last year, said permit records released this week.

Housing Market

New Home Sales on the Wane in the OC

Corelogic recently reported that new home sales in Orange County experienced an unbroken downward streak from November 2014 through September 2015. This downward trend runs counter to what has been

Housing Market

Existing Home Sales Jump in March

Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of