Asheville City Council recently approved rezoning nearly 41 acres of the Asheville Mall property, creating more flexibility for future redevelopment.
The discussion centered around a common issue facing many aging retail assets:
➡️ How do communities encourage long-term redevelopment while also allowing property owners the flexibility needed to make projects financially feasible?
Older shopping centers across the country are facing similar challenges:
📉 Changing consumer behavior
🏗️ Aging infrastructure
🚗 Large parking fields with redevelopment potential
📍 Demand for more efficient land use
For property owners, the key questions remain:
📌 Is the current use still the highest and best use?
📌 What changes are needed to attract investment?
📌 Do existing zoning requirements support or limit future opportunities?
For municipalities, successful redevelopment often requires finding the balance between long-term planning goals and the realities of financing, construction costs, and market demand.
As retail continues to evolve, flexibility and strategic planning will play a major role in determining which properties thrive in the next cycle.
#CommercialRealEstate #CRE #RetailRealEstate #ShoppingCenters #RealEstateDevelopment #Redevelopment #MixedUseDevelopment #AssetManagement #LandUse #EconomicDevelopment #NorthCarolinaRealEstate #PropertyOwners #RealEstateStrategy
https://www.bpr.org/politics-government/2026-07-29/council-approves-asheville-mall-rezoning
