As more malls and shopping centers close or see their anchor tenants fall into bankruptcy, they may be repurposed for a new use: senior housing. George and Pat Ritzinger are among the early beneficiaries of the trend: The couple moved to Folkestone, a retirement community in Wayzata, Minnesota, developed on land that formerly housed a shopping mall built in 1967, according to the New York Times. The mall was demolished and Folkestone opened in 2013.
source https://therealdeal.com/2020/10/26/abandoned-malls-get-new-life-as-senior-housing/
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