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Penn State Extension: Impacts of the COVID-19 Pandemic…
March 31, 2021 @ 12:00 pm - 1:15 pm
Impacts of the COVID-19 Pandemic and Potential Redevelopment Options for Retail Spaces
Approved for 1.25 CM credits
COVID-19 has had significant negative impacts on traditional shopping malls and other “big box” retailers. What are the potential options for owners of large retail spaces to reinvigorate the retail space in a post-COVID world, or pivot to other forms of development?
The webinar will discuss the impact of COVID on prior trends to reinforce shopping malls in the face of the long term threat of online retail, and then explores potential new types of tenants that could fill existing retail spaces, including online fulfillment centers.
The webinar will also discuss the potential for all or a portion of the mall space to be adaptively reused or redeveloped as affordable, senior, or market rate housing, and explores other potential redevelopment options. The webinar will include case studies of mall sites around the country that have been redeveloped as illustrations of innovative redevelopment options.