Dying suburbia malls become housing mecca

 Rhode Island developer Evan Granoff took the top two floors of the 1828-built building–the US’s oldest indoor shopping mall–and converted them into micro-apartments.

Rhode Island developer Evan Granoff took the top two floors of the 1828-built building–the US’s oldest indoor shopping mall–and converted them into micro-apartments.

REALTORMag

You may soon be selling a home inside of a mall. It’s becoming more common, as enclosed malls across the country look to reinvent themselves. What’s more, some communities are finding that living in a mall could be a boon for property values.

Those massive, enclosed malls once popular in the ‘70s, ‘80s, and ‘90s are dying off. More shoppers are buying online, instead of heading to walk the mall. Foot traffic among the largest malls in the country is plummeting. Stores are closing and some entire malls are going dark.

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