Lowndes attorney Shawn Rader discusses how failing mall properties may be converted to the ideal senior housing for baby boomers.
By: Shawn Rader
On October 25, John F. Wasik penned an interesting article in The New York Times regarding the conversion of shopping mall properties into senior housing. With over 25,000 stores perhaps closing by the end of the year, and with the over-65 population increasing by around 10,000 a day, it is a marriage of property and demographics.
Baby boomers want to live close to active and walkable communities, and many mall properties are perfectly located near or already have the amenities they are looking for. [...]
This is an excerpt from a blog post originally written on Gray Area of the Law. To read the entire post, click here.
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