How Malls Could Help Solve The Bay Area Housing Crisis
Massive malls are creating new opportunities to build more housing in the Bay Area.
The area surrounding Richmond’s The Shops at Hilltop, formerly Hilltop Mall, is being prepped for a massive mixed-use development that could add over 9,000 units of housing.
AEI Consultants provided a full-site evaluation, including environmental factors and facility condition, and found the site ideal for redevelopment. Hilltop has good bones and has strong potential without too much investment, AEI Consultants CEO Holly Neber said. Its good environmental conditions make it ideal for multifamily.
Sometimes malls can have environmental impairments from former auto repair shops and dry cleaners that require additional investment for cleanup before they can be redeveloped for multifamily, Neber said.