Mixed-use spaces are having a moment in real estate
Dead malls litter the US, but they are thriving with new identities. As the retail industry evolves, cities across the country are grappling with the tall task of repurposing these large, existing sites in core districts.
Communities must get creative, rezoning to accommodate for office, multifamily, or industrial distribution centers. Every solution is slightly different, but no matter the approach, successfully turning around these older assets requires a multi-use point of view.
With a boom in population and a pinch on available land, Utah cities are being forced to update existing infrastructure, optimize land use, and reimagine current real estate assets with high-density development as the focal point.
Previously known as University Mall, a marquee Utah County development has reinvented itself as a bustling center of community life. Smack in the middle of Utah County, University Place embodies the “live, work, play” paradigm that forward-thinking developers across the country are rallying around.