Acres of prime real estate are opening for redevelopment as America’s malls struggle to compete with Amazon and other online giants, offering developers a rare shot to remake swaths of land in the country’s built-out metropolises.
In particular, real estate experts say, the demise of retail centers provides one of the best chances to add needed housing [...].
— Los Angeles Times
In his article, LA Times reporter Andrew Khouri also points out the drawbacks of these new development opportunities, writing "residents voiced concern that the development will make the area more attractive to those of higher incomes and put upward pressure on rents in the surrounding area, even as the housing supply expands."
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