MACY’S LOOKING TO MONETIZE UNUSED PARKING LOTS

The 11.4 acre Macy’s-owned portion of Landmark Mall. Howard Hughes Corporation acquired the Macy’s parcel and has begun to transform the enclosed mall and the Macy’s parcel into a vibrant open-air, mixed-use community with retail, residential and entertainment components designed to create a dynamic urban village. Image: Howard Hughes Corp

“Struggling retailer sees opportunities to improve shopping experience by activating empty parking lots.

As the images of empty parking lots during Black Friday have demonstrated, commercial real estate professionals are slowly warming to the idea that we have far too much parking than is needed- diminishing municipal tax bases and taking away the ability to lease space within struggling shopping centers. Big box retailer Macy’s has announced their intention to create new revenue streams by reimagining acres of unused parking lots- a strategy used by tactical urbanists in places like Nashville, Indianapolis and Miami.”

The Mall of the Future Will Have No Stores

PHOTO: FORD LAND At Fairlane Town Center in Dearborn, Mich., Starwood Capital brought in Ford, which converted a former department store into a workspace for its engineering and purchasing staff.

Shopping-center landlords are rethinking the traditional mall model—and shops aren’t necessarily part of the equation

As retailers close bricks-and-mortar stores at an accelerating pace, shopping-center landlords like Starwood Capital are facing a vexing question: What to do with all this empty space?

Some landlords plug empty spaces with churches, for-profit schools and random enterprises while they figure out a long-term plan. Others see a future in mixed-use real estate, converting malls into streetscapes with restaurants, offices and housing. And some are razing properties altogether and turning them into entertainment or industrial parks.

Many mall owners are trying to liven up the experience, bringing more dining and entertainment tenants and eschewing the traditional mix.

Time to think about taxes for the Bristol Mall

Bristol Mall Image by Zack Irby:BHC

The Editorial Staff of the Bristol Herald in Bristol, VA is seeking to raise public pressure on local officials to find a solution to the dying Bristol Mall in their midst:

“We’ve previously discussed ideas and the need for action for our “skeletal mall.”

“This might all imply prevention of the mall’s slow death is a civic issue, but it’s not. All of us citizens who share a hope to see the mall, built in 1976, thrive for another 40 years also have an applicable duty. We should collaboratively raise awareness and a sense of urgency to move on this.

Let’s try an experiment: Let’s all call and write the city’s leaders within the next two weeks, asking what’s being done to fill the mall and to explore these kinds of options.

If each reader makes the effort to simply ask questions, the strength-in-numbers concept would make the topic too relevant for our local government to ignore.”

Read more about their investigations into retrofitting their mall, and the success Sen. Tim Kaine, D-Va., experienced in Richmond during his time as mayor there.

Malls are doomed: 25% will be gone in 5 years

Single purpose mall surrounded by a sea of asphalt

Chris Isidore of CNN Money writes, “Store closings and even dead malls are nothing new, but things might be about to get a whole lot worse.

Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That kind of plunge would be unprecedented in the nation’s history.

In 1970 there were only 300 enclosed malls in the U.S., and now there are 1,211 of them. In fact, despite the recent turbulence in the retail industry, the number of malls open has actually edged

Repaired mall with vibrant 24/7 mixed-uses, increased density to support retail and entertainment, and beautiful, functional stormwater and local agricultural systems

higher every year.

If the analysts at Credit Suisse are right, that trend line about to turn — sharply — in the other direction.

According to Galina Tachieva, “Each store closing, and every mall mall that dies,  increases the urgency to return jobs and halt declining real estate values. Sprawl Repair through repurposing of dying malls offers a logical solution to create vibrant live-work communities where infrastructure is already in place.”

Learn more here:  http://www.dpz.com/Initiatives/SprawlRepair

Regency’s retrofit: A model for Chesterfield?

Regency Square Mall in Richmond, Virginia is undergoing what’s called a suburban retrofit, a term used for taking aging malls, office parks and other suburban properties and transforming them into more sustainable, urban and mixed-use developments.

Both Regency Square and Chesterfield Towne Center opened in 1975 (back then the latter was the Chesterfield Mall), and the rejuvenation of Regency Square may offer a blueprint for Chesterfield Towne Center in the years to come.

Robert Gibbs, president of Gibbs Planning Group and author of the book “Principles of Urban Retail Planning and Development,” says Regency Square’s strategy may prove successful.

“I have seen those kinds of conversions work,” Gibbs says. “It’s when they turn the mall inside out and put the internal stores on the street.”

As department stores like Macy’s and Sears continue to struggle, Gibbs says the future is grim for the majority of America’s suburban malls.

“There’s about 2,000 of them, and we estimate that about 1,500 of them will close in the next five years, and that’s because they’re depending on department stores to stay open,” Gibbs says. “Without the department stores, it’s really hard to get people to go inside the mall.”

That said, Gibbs says malls in good locations can “right-size,” reducing their retail square footage and bringing in housing, entertainment and office space to create a walkable development where people can live, work and enjoy themselves.

Beyond the white picket fence

With more people gravitating toward cities than ever before, new urban morphologies are proliferating throughout the developed and developing worlds. Roger Keil, a professor at Toronto’s York University, has spent his career thinking about the implications of this process. I spoke with him about Suburban Governance: A Global View, a newly released book he co-edited with University of Montreal professor Pierre Hamel.

When overabundance becomes a liability

Dan argues for more supporting data. Yes, such data and research may help win arguments for better connectivity, better urbanism, and even finding investment and financing. However, the current economic condition is so dire, unpredictable, and very different from other times’ that even if we have the research in hand, it may not be relevant. Today’s predicament of our sprawling suburbs requires fast, even risky response, not necessarily rooted in proven data — more of the type of small-scale actions with limited scope that June discusses, since by their very nature these actions often have much quicker and more telling outcomes than do more ambitious approaches and timelines.

Showing how, through history, urbanism has supported economic recovery (or did it?) can be helpful, but many of the techniques and tools we need to employ today to repair and retrofit sprawl will be brave and new, and may have no data to support their use. New Urbanism was built on the basis of past evidence – but evidence clearly available to anyone who looked for it, through their experiences – not through an abstract analysis.

We will be inventing ways to do things and even new markets, similarly to the first steps that New Urbanism took. Our innovations will include: how to deal with failing residential subdivisions with multiple foreclosures and deserted properties; how to implement micro-repairs by introducing small but effective amenity packages; and how to create downtowns of modest proportions without financial backing and big investors.

June asks, can suburban retrofitting be taken seriously, as architecture? I would say that suburban retrofitting will not be about architecture at all; it will be about economic survival. Entering a post-recession decade, obviously without fanfare, we will need not only to repair the physical fabric of sprawl but also to generate a new economic framework.

This will require new types of creativity, discovering niche markets and banking more on uniqueness than on omnipresence. Suburbia is already people-diverse, a collection of “ethno-burbs,” and it can support a new “artisan” economy that already is burgeoning in distressed cities and their inner-ring neighborhoods. This phenomenon of economic uncertainty and transition is similar to Eastern Europe in the early ‘90’s, when scarcity inspired a new informal grassroots economy.

Today’s American suburbs have an overabundance of everything — infrastructure, national chains, big boxes, fast-food drive-throughs — but when overabundance starts to fail, high quantity becomes a liability. Re-using and adapting the existing suburban types to incubate new possibilities will help gradually complete the rest of sprawl’s incomplete fabric and make it more livable and sustainable in the long run.

Retrofitting suburbia: the state of the art

In today’s difficulty economy, three published new urbanist practitioners look at how to get projects going — in the suburbs or elsewhere.

On June 1, at CNU 19 in Madison, Wisconsin, an in-depth “202” session will feature a discussion of innovative sprawl retrofit solutions by Dan Slone, June Williamson, and Galina Tachieva. The published works of these three include Retrofitting Suburbia, the Sprawl Repair Manual, and A Legal Guide to Urban and Sustainable Development.