South Greensboro Area Plan - Public Review Draft - 9.25.25

Longer-term Longer-term initiatives in

Urban Multifamily Development 12 Adding multifamily development in place of surface parking in an outdated shopping center can create a horizontal mixed use destination.

commercial real estate involve comprehensive redevelopment efforts that fundamentally reshape a site’s character, use, and value. These projects typically require significant investment and planning but offer the potential for transformative impact. By introducing entirely new uses— such as urban multifamily housing or creative adaptive reuse of commercial spaces— property owners can respond to changing market demands, diversify revenue streams, and create dynamic, mixed-use environments. These efforts not only revitalize underperforming properties but also contribute

to broader community development and urban regeneration.

Longer-term initiatives involve major redevelopment efforts that significantly transform the character and use of a site:

Draft

Alderwood Mall in Lynnwood, WA. (Source: GGLO Urban Land Institute)

58 / SOUTH GREENSBORO AREA PLAN

NEAR-TERM SOLUTIONS

PUBLIC REVIEW DRAFT - 9/25/25