The Short Version

• Developers nationwide are transforming prime real estate into massive mixed-use destinations designed for staying, not just passing through.
• Vornado’s multibillion-dollar Penn District redevelopment reimagines the blocks around Midtown Manhattan’s Penn Station.
• Suburban megaprojects like Vestar’s Legacy Park in Mesa, Arizona, signal growing demand for walkable, live-work-play environments outside city cores.
• Placemaking has become the new anchor, with residential and public-space programming driving long-term vibrancy and community connection.

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Source: International Council of Shopping Centers