This is true of all kinds of buildings in the States. Old buildings are just abandoned for newer, flasher, bigger structures. For example, in Fayetteville NC, there have been three Walmarts built on Ramsey Street. The first one was back in the dim mists of the chainstore's history and was a smallish place (compared to later stores) in a strip mall.

As the strip mall business moved to full malls or revitalized downtowns, etc., Walmart decided to build a new store farmland purchased cleared for the purpose. They could have just bought the empty strip mall and expanded into that space. It would actually have been more floorspace than the new building.

About a decade or so later, they repeated the process. That time though, they cut down an old growth woodland of mostly pine and maple trees – which they, naturally, sold for the hardwood. The built a Super Walmart and an entire "open air mall" (i.e., a bigger, fancier, pricier set of strip malls bunched together).

Those vacated spaces remain derelict. Walmart owns them. Won't sell them. Makes it impossible for any small businesses to survive there. Well, of course they would. Walmart is anti-competition.

My point is, lots of cities in the US are littered with such examples of wasting derelict buildings that should have been refurbished rather than building new.