Reprinted from ICSC April 2, 2025 Elev8 Fun is turning vacant department stores into indoor adventure parks that offer everything from laser tag and arcade games to go-karts and bowling. The company has two locations open in Tampa and Orlando, Florida, and four more in the pipeline that it expects to open within 12 months. […]
Reprinted from the Reader by Jonah NinkJanuary 29, 2025 Abandoned storefronts are prevalent across the city and often remain vacant for years after a restaurant closes. Restaurants close for a variety of reasons, but what keeps the buildings vacant long after the tenant moves out?Credit: Shira Friedman-Parks For more than a hundred years, Dinkel’s Bakery was the […]
Reprinted from WOSU. https://www.wosu.org/2025-02-07/how-some-ohio-cities-are-bringing-new-life-to-old-malls Commercial Asset Preservation can help landlords maintain their vacant shopping malls and ease the transition to a new life for these valuable assets. Just off Interstate 75 at exit 68 north of Dayton, the Tipp City Plaza once bustled with businesses, offering a convenient spot to pick up groceries, dry […]
Reprinted from Michigan Live. NOTE: These are the types of dreams that CAP can make happen through its property preservation services SOUTHFIELD, MI – Some local military veterans will soon call a former Michigan hotel their home. Members of the Tunnel of Towers Foundation, a non-profit which supports first responders, Gold Star families and military veterans, just […]
CHALLENGE Vacant or abandoned retail property can often take a beating during winter. Few or no tenants combined with security and weather conditions leave retailers at risk for disaster. If a property is not properly winterized, property issues such as freeze damage, burst pipes, and flooding can happen. In situations where there is no one […]
Reprinted from Arch Daily Written by Ankitha Gattupalli Published on August 19, 2024 The continuation of remote work practices has altered cities’ bustling downtown areas along with the traditional office landscape, leaving behind many vacant spaces whose future purpose is a matter of speculation. Four years after the onset of hybrid working policies, office occupancy […]
Reprinted from Nexycity.org. Cinnamon Janzler Florida’s Zero Empty Spaces connects artists with spaces in otherwise vacant spots to bolster their careers, activating unused space in the process. Since the pandemic, large swaths of office space across the United States have sat vacant. The downtown areas and other commercial centers that have enjoyed the built-in […]
Reprinted from: StarTribune Minneapolis Elliot Hughes City officials and residents say owners of vacant buildings aren’t under enough pressure to restore their properties to occupancy amid a housing shortage. The Minneapolis City Council unanimously approved a measure Thursday meant to up enforcement. Some vacant buildings in Minneapolis sit empty and weather away for years, perhaps […]
Reprinted from AP U.S. News: DETROIT (AP) — Patricia Kobylski remembers when there were lots of people living in her eastside Detroit neighborhood. There aren’t as many anymore — and haven’t been for a long time. “Right now, on our side of the street there are probably only 10 houses. Should be 50, […]
How long can we expect Red Lobster properties to remain vacant? The recent announcement of Red Lobster’s bankruptcy has created a significant pool of vacant sit-down restaurants across the United States. There has been no shortage of opinions about the demise of Red Lobster in traditional media, social media, and blog posts. Some opine on […]