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New Uses for Repurposed Retail Space

From boutique movie theaters to hockey rinks and parks, retail owners are getting creative with outmoded big-box space in malls, grocery-anchored centers and other large spaces, Cox Castle & Nicholson's Dave Wensley tells GlobeSt.com.

Dave Wensley Wensley: “The discount stores and the high-end, high-service-oriented retailers are doing well; it’s the middle products that can’t be distinguished on price, service or experience that are going away.”

SOLANA BEACH, CA—From boutique movie theaters to hockey rinks and parks, retail owners are getting creative with outmoded big-box space in malls, grocery-anchored centers and other large spaces, Cox Castle & Nicholson LLP real estate partner Dave Wensley tells GlobeSt.com. Wensley recently moderated the panel session RePurposing Retail Spaces at the ICSC San Diego Next Generation Program here. The panel covered nontraditional office, entertainment and medical uses of lease-up retail spaces. We caught up with Wensley after the panel to discuss how he sees retail space being repurposed, what’s going away and what will take off in the future.

GlobeSt.com: How do you see vacant retail space being repurposed today?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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