Here's the Strategy Behind Shuttered Sears Stores in Texas Finding New Life

CO STAR: The shoppers may be gone, but two big adaptive reuse projects in Texas show that many shuttered Sears stores still occupy valuable real estate that can once again anchor a development.

The two Texas projects, one in Dallas and the other in Houston, recently received CoStar Impact Awards for being successfully converted from department stores into new uses that their developers say can fill a community need. One former Sears store, in South Dallas, will soon host two outpatient medical facilities totaling 150,000 square feet. Another, in downtown Houston, has reopened as a 266,000-square-foot “innovation hub” with office space, prototyping labs and other amenities for nascent businesses. [READ MORE]