Repositioning, Repurposing And Redevelopment An Idea Whose Time Has Come W hile none of these terms are new, they hold utmost significance today. Consider North America's vast expans e of underperforming retail and commercial office spaces constructed in the 70s, 80s, and 90s. Designed for a different era, before the internet revolutionized everything, these spaces often occupy prime locations in the heart of cities. They boast easy access to expressways, public transport, and considerably larger catchment areas than when first conceived or last renovated. However, many of these spaces need help, with commercial performance (measured by net operating income) falling far below expectations. The lack of amenities, outdated relevance to tenants, declining occupancy levels, and intensified competition in the commercial real estate landscape have all contributed to the gradual decline of these once-prominent assets. Notably, old malls with vacant big box stores have become challenging ...