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Catch 22. You can’t remodel a mall into houses because you need a mall for everyone to go to.
Have you heard of our lord and savior Mixed Zoning?
More like Lord and Saviour scrap all those insane laws and just let things happen until insurance won't cover it. 15-minute cities are the technocratic response to make a bureaucratic solution that emulates organic city development. It isn't the first time a technocratic solution promises to solve all our problems, the European integrated neighbourhoods made of brutalist concrete are now mostly dilapidated ghettos and have been shit for a long time.
Yeaaah sure, just let everyone build whereever they want...
I'm sure this is in no way lopsided to corporations that can afford to forego coverage for furthering their goal.
Well in a corrupt regime where they're not held accountable it is a problem yes, corporations funding it is a small clue why that happens all the time.
Yeah, you could keep some of the mall stuff and have at least a supermarket there, but people would still need stuff that a mall typically won't offer, and people need to get to their jobs as well, unless they all happen to work at that mall.