Some developers also turning shopping centers to new uses — including healthcare — as the retail and healthcare industries change, according to an article on the Forbes website.
In addition to the rise in dining out and fitness classes, there is the growing business of healthcare, and the need to make it more accessible, the article said.
For instance, a decade ago Vanderbilt University built a 450,000-square-foot medical center at Nashville’s 100 Oaks Mall.
In the decade since, traffic increased at remaining stores, and occupancy rose from 45 percent to 99 percent by the time the property was resold in 2012.
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