More people are living at American #malls as re...
TIKTOK

More people are living at American #malls as real estate developers knock down department stores and construct #apartment buildings in their place. At least 192 U.S. malls planned to add housing to their footprint as of January 2022, and at least 33 had constructed apartments since the pandemic began. Dozens more apartment projects are currently underway in California, Florida, Arizona and Texas. Watch the full video at the #linkinbio or tap the link on screen. #CNBC

0:54 Jun 08, 2025 2,500,000 148,000
@cnbc
159 words
So welcome to the teeny tiny shoebox apartment inside the arcade. There are lots of others in the building just like this. So mine is about 250 square feet. There is a walkway right in front of the facade because this used to be a shop front. And so people had to access all of the shops in the building. While malls across the U.S. are facing store closures and empty parking lots, some are finding a new life from an unlikely source. We are here at the Arcade Mall in Providence, Rhode Island, the oldest indoor shopping mall in the country. The arcade had long been a center point in Providence's bustling downtown. But like other malls, it fell on hard times and was completely vacant. But rather than letting this historic building fall into ruin, developers came in and decided to build 48 micro lofts here on the second floor and up here on the third floor.

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