About 40% of U.S. department store outlets have closed over the past five years. Many of the large, boxy structures that house them, where prom dresses were purchased and perfume sampled, will be demolished. But some will be put to new uses.
Why repurpose department stores, the supposed white elephants of the retail world? Property owners and designers are becoming aware of the cost savings and environmental benefits of adapting older buildings rather than tearing them down. Beyond that, many urban department stores have high-quality historic architecture, prime downtown locations, big lower-floor windows, and lots of open floor space. Suburban stores are often plain and windowless; inside, however, they have the same large floor plates, as well as key locations near highway interchanges. (No wonder some stores have been converted to temporary Covid testing and vaccination sites.)
Read more at Bloomberg CityLab.