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  #121  
Old Posted Nov 12, 2010, 5:19 PM
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Originally Posted by M II A II R II K View Post
I wouldn't be surprised if Toronto has the only existing Sears that's right downtown.
I'm pretty sure there are a fair number of downtown Sears stores.

Hackensack, NJ has one right on its main drag.

And there are definitely urban Sears stores. There's one right in the middle of the Flatbush, Brooklyn shopping district.
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  #122  
Old Posted Nov 12, 2010, 8:06 PM
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^^^ Chicago has a downtown Sears.
Yes at State and Madison no less, northwest corner, can't get more central than that.
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  #123  
Old Posted Nov 12, 2010, 10:30 PM
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Over-retailed? What does that mean? There must be enough customers to support all of these stores or they wouldn't keep building more of them.

I'd think that this kind of thing would be self-regulating.
Retail doesn't work that way. The viability timeline of most big box retail stores is much shorter than the life expectancy of the structure itself... Retailers go out of business and more importantly, have to refresh the interior floor plan and look every few years to stay competitive. However, most retailers simply build/lease a new location, rather than deal with even a day of a torn up, dusty, mess of a store during renovations. And they sure as heck aren't going to shut down for a few weeks or months for renovations, and lose all of those customers and money. So, this willingness of retailers to move around whenever they need to refresh their look helps create a lot of excess retail space inventory.

Plus, you've got people increasingly buying from online retailers, which creates demand for warehouses, and less for storefronts. And this trend will increase over time, as consumers and retailers both continue to define what can and cannot be effectively sold online. Eventually, we'll see entire sectors of retail all but vanish, as people just buy it all online. (for example; any store that sells media... music, movies, games, etc... They're pretty much all going under eventually)
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  #124  
Old Posted Nov 16, 2010, 10:23 PM
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A related article from stltoday.com:

[St. Louis a]rea stunts growth by feeding on itself
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  #125  
Old Posted Nov 28, 2010, 9:56 PM
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Design Without Borders


http://retailtrafficmag.com/design_p...thout_borders/

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America may have brought the world the regional mall. But now innovative projects popping up overseas are taking that and other retail concepts into new and innovative directions, setting a lead that U.S. firms may increasingly want to follow.

- There are several reasons why projects in markets as diverse as Morocco, the Philippines and United Kingdom are all worth looking at. For one, U.S. developers tend to be more conservative when it comes to design, leading to a more cookie-cutter approach even when owners venture into newer property types like lifestyle centers and mixed-use projects.

- Secondly, building codes in the U.S. tend to be more restrictive, limiting the variety of building types and materials that can be employed.

- Lastly, the retail market in the U.S. is more mature and there are very few new projects going up today, creating fewer opportunities for experimentation.

- At the same time, business conditions at home are forcing firms that traditionally have focused on work in the U.S. to build or bolster their practices abroad. So more U.S. architects than ever are participating in or being exposed to creative projects abroad, which translates into more of the examples being applied back in the U.S.

- One quality overseas projects tend to have, which U.S. firms have sometimes struggled to emulate, is that they often fit into their surroundings and provide a cohesive sense of place. U.S. mixed-use and lifestyle projects often are criticized for being pretty, but generic—some are compared to the staged settings at Disney theme parks. All the elements of a classic downtown may be present, but the place feels plastic and like it could be anywhere.

- Retail architects in Europe, Asia and Africa, on the other hand, are better at integrating projects with existing histories and ecologies of the sites on which they are built. For example, the design scheme of the Morocco Mall in Casablanca was inspired by the local waterfront. Its layout is based on the shape of a sea shell. Water features are sprinkled throughout the property, and the mall includes a 1 million liter aquarium—the largest of its kind in the Northern Hemisphere.

- “A lot of retail projects are just that, retail projects,” says NormaLynn Cutler, president of Cutler Enterprises, a marketing firm that specializes in real estate developments. “This is creating a whole new center of the city, where everything is larger than large.”



Greenbelt 5 - Manila Metro - Described by Callison as “Times Square meets Central Park”, the Greenbelt retail complex attempts to recreate the filling of an authentic downtown with public spaces and open-air restaurants set on tiered terraces. Greenbelt 5 is a 523,000-square-foot upscale lifestyle center that marks the final phase of the five Greenbelt components.






Rouse Hill Town Centre - Sydney - While many projects in Europe and Asia benefit from an existing sense of place, the Rouse Hill Towne Centre in the northwestern suburb of Sydney demonstrates that it’s possible to create a compelling downtown-style environment from scratch.






Morocco Mall - One of the projects generating the most buzz today is one that has not yet even opened. Set to be the largest retail center in North Africa, Morocco Mall has been designed to look like a natural extension of the surrounding environment.

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  #126  
Old Posted Nov 29, 2010, 6:32 PM
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Very interesting. I can't get a feel for the Morocco plan, but the theory of the first two is to create "slightly dense" areas (broad streets, open spaces, terraces with views, open air restaurants). This strikes me as not so much urban as a higher density suburban. I would expect that this will be happening all over the world, as it currently is happening in US suburbs. People are looking for the amenities of the city with the ease of the suburbs (large stores, less congestion, parks, recreation).

I am less excited about gluing on some sea shells to give it a "local feel". Why not give it a sense of a new and different place? NY did not stay Dutch.
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  #127  
Old Posted Dec 23, 2010, 7:43 PM
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Big-Box Retailers Move To Smaller Stores In Cities


December 21, 2010

By Franklyn Cater



Read More: http://www.npr.org/2010/12/21/132231...ores-in-cities

Quote:
Retailers have been following the growth of the suburbs for decades, setting up in shopping centers and big-box strip malls far outside the core of major American cities. Department stores that stayed in big-city downtowns have suffered. Others didn't stay — they closed up altogether. But a reversal of that trend is becoming apparent. Big-box retailers — companies that built their discount businesses out where land was cheap and space was plentiful — are now moving inward. Both Wal-Mart and Target are prime examples of big-box stores with big-city plans. They're aiming at the likes of Chicago, Los Angeles, New York, Seattle and Washington, D.C.

- In Chicago's diverse Uptown neighborhood, Target last July opened a brand new store with a twist on its usual business model. The Wilson Yard store is near a Red Line L stop and right on a bus line, providing easy access to public transportation. Parking is underneath the store rather than taking up room out front. Pedestrians walk right next to the building, looking in the windows as people once did with Target's downtown retail ancestors.

- Sunda Obendorf is the store's "team leader," Target's term for manager. The store is Target's "cookie-cutter" size, she says, at 126,000 square feet. But to make it fit in a densely packed urban area, the space is stacked up on two floors. People ride escalators up and down alongside their shopping carts. Shoppers "love the cart escalators," Obendorf says. Many of the store's shoppers don't come in a car. But people who buy large items like furniture don't have any trouble getting it home. They just hail a cab.

- Big-box retailers like Target have realized the need for a new business model. Casey Chroust, executive vice president of the Retail Industry Leaders Association, says one reason these chains are moving into cities is that many suburbs are already chock-full of Targets and Walmarts, not to mention Kmarts or PetSmarts.

- "The urban markets are really the last frontier yet to be conquered by retail," Chroust says of the big-box chains. "And as some of their traditional marketplaces become saturated, they are trying to move into some of these additional areas to take advantage of them." Retailers also say online sales and credit card purchases at suburban stores tell them that they already have customers in big cities. So they're chasing them down and hoping to add some new ones.

- In Fairfax County, Va., a new Walmart opened a few weeks ago that's a kind of a middle ground in urban experimentation. It's on thickly congested Route 1, just outside Washington, D.C.'s Beltway. It's not in the heart of a city, but it is in a close-in suburban area with a real mix of incomes and ethnicities. Outside, the store is what you would expect. There is a big parking lot in front, and Chuck E. Cheese's occupies the space next door. But inside, this store is a Walmart on the cutting edge.

- Restivo says this Walmart doesn't have "the traditional lawn and garden offerings that we would have in a larger store. Some of those areas are cut back a bit." But he points out that it still has a full grocery offering. There's "a large Hispanic population in the surrounding community," Restivo says. "So, signage is bilingual. And also in this store you have an entire aisle dedicated to international foods."

- Along with the grocery, he says the store will create 300 jobs. The stores that go in around it should create 600 more. Thomas also says this should help keep city money in the city. Right now, he says "there's $41 million ... that we know that people from the District of Columbia are spending [at Walmarts] in the surrounding jurisdictions." Community activism and union opposition have kept Wal-Mart out of D.C. and some other cities in the past.



The Target store in Chicago's Uptown neighborhood opened this past summer. It's part of a mixed-use development, which includes modest apartments and other retail shops.






The new urban Walmart in the Alexandria section of Fairfax County, Va., sports a small floor plan with a significant grocery section. It's easy to see from one end to the other.

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  #128  
Old Posted Dec 23, 2010, 8:39 PM
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Wal-Mart is developing stores with footprints as small as 6,700 sqft.



Wal-Mart built its first supercenter that was less than 100k sqft about 1.5 miles from my townhouse several years ago. It's a test store, so they're are always tinkering with everything (they're on their third floor plan in just 7-8 years). The store is kinda funky... For example, it has one front entrance, and the garden center is set back on a side that has parking, not up front with all front parking. They figured out something sneaky too... The one time they altered the floor plan, they completely eliminated the warehouse, (there is only a roll-up door and a small receiving area) Instead, they use numerous CEUs and corresponding storage racks, and then bring them inside only when they're ready to stock the shelves. There are so many of them, my guess is they're essentially picking up an extra 8,000-10,000sqft worth of warehouse floor area.

It's pretty much the only Wal-Mart I ever go in, and that's because it's the closest general merch retailer, and plus there are constantly things marked down, as they cycle products in and out to see what sells and how much they can get for it. Of course what sucks is that the prices change frequently, and something they stocked for a while that you were all over, will suddenly vanish and never come back. Plus, things that sell well in the store will steadily see their price rise over time, and is sometimes is the highest price locally.
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  #129  
Old Posted Dec 26, 2010, 11:49 AM
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The American chain Marhsall's is opening multiple Toronto locations in 2011, including one downtown:

Circa nightclub becoming Marshalls store

The former site of Circa nightclub is going to be one of the first Canadian locations of Marshalls, the U.S. counterpart to Winners, reports the Toronto Star. The 50,000-square-foot John Street space is one of four spots lined up; Warden and Eglinton, the Colossus Centre and the Durham Centre are all slated for a spring opening (the downtown Marshalls will open later in 2011).
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  #130  
Old Posted Dec 26, 2010, 6:37 PM
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Store Openings to Increase in 2011, While Pace of Store Closings Will Decrease Slightly


http://retailtrafficmag.com/retailin...ions_12222010/

Quote:
The retail real estate industry will face another slow growth year in 2011, though the pace of store openings will gradually improve throughout the coming months, industry insiders predict.

Given the current brisk pace of holiday sales and availability of vacant storefronts at affordable rents, retailers with cash in their coffers will step up expansion announcements in 2011, says John Bemis, executive vice president and director of leasing and development with Jones Lang LaSalle Retail, an Atlanta-based third party property manager. In 2009 and 2010, store openings decreased slightly year-over-year for both the Jones Lang LaSalle portfolio and the U.S. retail sector overall, he notes. But starting next year, many discretionary retailers will finally be in a position to open new stores.

Ann Taylor, for instance, plans to open 40 new stores in 2011, compared to only five in 2010. Sterling Jewelers expects to open 25 new stores—the “first real expansion in the jewelry segment” since the recession struck, Bemis says. Other retailers that plan to step up expansion campaigns in 2011 include Family Dollar, Dollar General and Uniqlo.

Overall, U.S. retailers plan to open more than 65,000 new stores in the next two years, according to research by Retail Lease Trac and RBC Capital Markets. The Retail Lease Trac and RBC numbers are based on a database of 2,000 retailers (although it excludes some larger chains like Walmart and Target).

That means in 2011, retailers will open approximately 35,000 new stores, estimates Rich Moore, an analyst with RBC Capital Markets who helps compile the report. Michael Wiener, president and CEO of Excess Space Retail Services Inc., a real estate disposition and lease restructuring firm, expects retailers to expand as well, but not as quickly. Weiner says retailers are likely to expand gradually, with about 20,000 new stores in 2011 and another 40,000 to 50,000 in 2012.



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  #131  
Old Posted Dec 27, 2010, 10:36 PM
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Want a Trader Joe's? Then add more residents


By David Alpert



http://greatergreaterwashington.org/...ore-residents/

Quote:
Residents in many neighborhoods often say they wish their neighborhood had a Trader Joe's or other new retail options. There's only one real way to get such businesses to move in: Add more residents who can shop there. Lydia DePillis writes about some recent zoning fights. Along Georgia Avenue, ANC 4B fought a proposal to build 400 apartments and retail at the Curtis Chevrolet site, now slated for a Wal-Mart.

- The 4B resolution stated, "Our Community is homeowner-based and family oriented, we want to maintain the character and integrity of our community," and "With the addition of over 1000 more residents in a compact area the likelihood of crime and violence increases dramatically." Lydia says the neighbors wanted a Trader Joe's, Whole Foods, and a movie theater for the site.

- In Cleveland Park, there are constant debates about the health of the commercial strip and the overlays that limit restaurants in an effort to attract more non-food establishments. But the real reason there aren't more non-food establishments is that there aren't enough people. If the long-ago proposal had gone forward to turn the Park and Shop strip mall into some tasteful larger buildings, similar in size to others on Connecticut Avenue, instead of landmarking the thing, Cleveland Park could have more of what it wants.

- It's simple. Unless your neighborhood is in the process of growing rapidly, it's unlikely to get more retailers and probably not the kind you want. Most of the time, the retail market is close to an equilibrium where the number of retailers matches the demand for retail in that area. Only when a neighborhood is gaining population is the time ripe to add more.

- Once upon a time, the commercial corridors thrived without this added housing, except for two factors. First, family sizes were substantially larger, and a typical single-family house might have parents, 3-4 kids and even some relatives living there. Now, family sizes are smaller, but many neighbors also fight proposals to allow basement or garage apartments, even though those would simply restore the numbers of people that the house used to hold.

- Second, people shop more online and more in suburban big box centers. That's not going to change. Bringing big box retail into DC, as these Wal-Marts do, might keep more of the tax dollars from big box shopping in DC, but won't create healthy neighborhood shopping corridors.

- Neighborhoods can either stay the same size, and see local retail gradually decline as online shopping grows and DC adds big box stores. Or, they can add enough new residents to support new retail options. Most of us prefer the latter. Some people, though, want to stop new residents but also have the retail. That's completely unrealistic.
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  #132  
Old Posted Dec 28, 2010, 12:03 AM
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Lydia sounds like a child who wants s'm candy, n popcorn, n pretzels.... but has no idea why that makes no sense.
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  #133  
Old Posted Dec 28, 2010, 12:21 AM
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Originally Posted by M II A II R II K View Post
I wouldn't be surprised if Toronto has the only existing Sears that's right downtown.
Regina, Sk also has a downtown SEARS and a downtown BAY. I think Saskatoon does as well.
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  #134  
Old Posted Dec 28, 2010, 12:53 AM
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"With the addition of over 1000 more residents in a compact area the likelihood of crime and violence increases dramatically."
LOL. She doesn't have a clue.
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  #135  
Old Posted Jan 24, 2011, 3:10 PM
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Urban malls on the rebound


January 23, 2011

By Roger Vincent



Read More: http://www.latimes.com/business/real...,1033716.story

Quote:
At the Westfield Culver City mall, crowds of lunchtime diners fill scores of booths and tables while others line up to order meals at one of the many counters. You can still find the mall culinary standard Hot Dog on a Stick tucked discreetly off to one side. But more urbane fare such as sushi, Vietnamese noodles and Korean chicken is the norm in the area once known as the food court. Now, what Westfield calls a dining terrace exemplifies the recent transformation of the mall from a place many considered downscale and dangerous to a choice destination for more than 10 million visitors last year — a nearly 90% increase from 2009.

The resurgence of Westfield Culver City also illustrates how many malls in urban settings have managed to thrive in spite of the recession, said real estate broker Richard Rizika, who specializes in retail properties. Malls are faring much better in Los Angeles County than in the nation on average, he said. The amount of empty space in L.A. County shopping centers and large free-standing stores fell as much as 25% last year compared with 2009, he said, and rents rose almost 10%. Nationally, vacancy fell only 1% and rents went down 5%.

Many chain stores have closed outlets in remote suburban malls to focus instead on busy urban centers. Traditional malls that have had big-time makeovers have proved particularly attractive to store operators, Rizika said, pointing to Westfield Culver City and Santa Monica Place's "major repositionings" that left them nearly 100% leased. "Malls in outlying areas are having more trouble absorbing space," said Rizika, a managing director at commercial real estate brokerage CB Richard Ellis Group. The Culver City mall faced serious challenges, including an association with violence. When it was the Fox Hills Mall there were a few shootings on the premises, including a gang-related gun battle on the rooftop parking lot in 2000 that left two dead. The mall had a run-down, fortress-like air.

Westfield, which bought the mall in 1998, lightened its tone with glass facades, more skylights, bright paint and other moves intended to enhance a sense of openness. It was part of a larger plan to get former and potential shoppers to reconsider their impressions of the mall. "Our challenge was that people had forgotten about this center, said Larry Green, head of West Coast development for Westfield. "And we had to convince the retail community that there was real tremendous opportunity here."

To break with the past, Westfield changed the character of the shopping center with a $180-million overhaul completed in 2009 that expanded the mall's floor space by about one-third to 1 million square feet and added street-level retailing. Known previously as a collection of down-market stores, Westfield added some upscale brands such as Coach and trendy fashion retailers including XXI Forever and Hollister. Amenities include valet parking with a waterless, "eco-friendly" carwash.

The opportunity to definitively change the mall's nature came only after the then-owner of Macy's acquired the Robinsons-May department store chain in 2005 and announced plans to unload duplicative locations, including at Culver City, which had one of each. That opened up room to reconfigure the mall. "The ability to get back one of those department stores allowed us to do what we had been trying to do to revitalize and change" the mall, said Peter Lowy, who heads U.S. operations for Australia-based Westfield Group.

.....



A major renovation of the Westfield Culver City mall that added floor space and upscale stores -- and replaced the venerable food court with a "dining terrace" -- has been a financial boon, a Westfield executive said. (Ricardo DeAratanha, Los Angeles Times / January 15, 2011)

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  #136  
Old Posted Feb 4, 2011, 8:38 PM
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The Future of the Strip: Downhill


Feb 04 2011

By Edward T. McMahon

Read More: http://citiwire.net/post/2517/

Quote:
For more than 50 years retailers have favored the commercial strip: a linear pattern of retail businesses strung along major roadways characterized by massive parking lots, big signs, box-like buildings and a total dependence on automobiles for access and circulation. For years planners have tried to contain and improve the strip. Now they are getting help from consumers and the marketplace. The era of strip development is coming to an end. Evolving consumer behavior, changing demographics, high priced gasoline, internet shopping — are all pointing to a new paradigm for commercial development.

The future belongs to town centers, main streets and mixed use development. Here is why:

• From 1960 to 2000 there was an almost 10-fold increase in U.S. retail space, from four to 38 square feet per person. For many years retail space was growing five to six times faster than retail sales. Most of this space came in the form of discount superstores on the suburban strip. The recession proved that we have too much retail. Strip centers are now littered with vacant stores. By some estimates, there is currently over 1 billion square feet of vacant retail space, much of which has to be re-purposed or demolished.

• Wal-Mart in late 2010 announced plans for its first-ever stores in Washington D.C. To make the new stores fit an urban environment, the company has agreed to consider an array of new layouts, designs and parking arrangements.

• Americans value convenience but the perceived convenience of the strip has been reduced as traffic congestion has worsened in recent years. Add to this rising fuel prices and an overall physical environment designed for cars, instead of people, and it’s understandable why fewer people want to shop the strip and almost no one wants to linger.

• The recession saw the collapse of numerous big box chains, like Circuit City and Linen’s N’ Things. This helped send vacancy rates soaring. After three years on the brink, consumer confidence has improved but we can expect a new normal when it comes to retail spending. Why? Because, unemployment remains high, the days of unlimited credit are over, and many analysts predict that a “new consumer frugality” will be the norm for years to come. What’s more, strip centers without anchors (like grocery stores) and Class B malls are virtually unfinanceable according to many experts.

• We’re also moving into an era of hybrid shopping centers. Big boxes are moving into the mall and many malls will more closely resemble old fashioned main streets. Already seven of the 13 regional malls in the Denver metropolitan area have — like Belmar in Lakewood, Colorado — been turned into mixed use town centers.

• Time constrained lifestyles and boredom with the dull sameness of most strip centers has meant a slow, but steady decline in the number and length of stays at strip malls. People go to get what they want and they leave. A pleasant (i.e. cool) atmosphere is particularly important to the GenY generation. A mixed-use town center with street life, outdoor dining, places to hangout and window shop is much more likely to attract the affection and the dollars of young shoppers than an auto dependent strip.

• Today, the nation’s “healthiest” retailer is not Wal-Mart or Costco. It is Amazon. Amazon has exploited the increasing availability of broadband internet and mobile technology to build a retail superpower. One of the biggest reasons why the strip is coming to an end is because bricks-and-mortar stores are becoming a smaller part of the retail landscape.
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  #137  
Old Posted Feb 4, 2011, 8:45 PM
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I'm not sure about those per capita square foot numbers. They vary depending on source.

Here's one that says 20 (for "shopping centers" but I think it might mean overall): http://www.nytimes.com/2009/06/14/ma...onsumed-t.html

Here's another with the 20 square foot figure: http://caps.fool.com/Blogs/the-unite...oo-many/212833

Or maybe I'm wrong. Other sites have much higher numbers.
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  #138  
Old Posted Feb 5, 2011, 6:08 AM
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Urban malls on the rebound


January 23, 2011

By Roger Vincent



Read More: http://www.latimes.com/business/real...,1033716.story

A major renovation of the Westfield Culver City mall that added floor space and upscale stores -- and replaced the venerable food court with a "dining terrace" -- has been a financial boon, a Westfield executive said. (Ricardo DeAratanha, Los Angeles Times / January 15, 2011)

I remember when that was the Fox Hills Mall and a nice mall at that - I went there regularly in the early 90's. It pretty much went to hell when the Howard Hughes Promenade opened nearby. In the early 2000's it literally was dangerous as gang incidents were a regular occurrence. I went there with a friend in early 2003 just out of curiosity and it was every bit as bad as its reputation suggested with gangs visibly roaming around. The gang members hanging around with TSA employees in uniform was especially reassuring...
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  #139  
Old Posted Feb 5, 2011, 8:56 AM
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Originally Posted by mhays View Post
I'm not sure about those per capita square foot numbers. They vary depending on source.

Here's one that says 20 (for "shopping centers" but I think it might mean overall): http://www.nytimes.com/2009/06/14/ma...onsumed-t.html

Here's another with the 20 square foot figure: http://caps.fool.com/Blogs/the-unite...oo-many/212833

Or maybe I'm wrong. Other sites have much higher numbers.
If that's the lowest of a range, then you already know what you're supposed to do.
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  #140  
Old Posted Feb 6, 2011, 1:15 AM
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I'm not sure what you're saying.

However it's probably around the higher figure, since the majority of what I'm seeing on a second pass backs that up. Here's an explanation: http://villagesolutionscompany.com/b...es-to-oranges/.

I'd like to understand more about how much retail a given customer base merits in a given location. Part of that is understanding how much total retail people support per capita (average people). Part is understanding how much of people's spending tends to occur in neighborhood places vs. central places. If you build a few hundred units of housing and everything else remains equal, what is the effect, also related to the spending levels of the people moving in?

This is very relevant to urban discussions because many cities, including mine, grossly overestimate the amount of retail new developments merit, meaning that new development tends to have half-empty retail even during good economies, which also diffuses retail onto streets that probably shouldn't have it, which detracts from the better retail streets.

I'd guess that "neighborhood retail" might average 1/4 or 1/2 of the total a person merits, depending on the type of neighborhood, with the remainder happening in central (downtown, mall, tourist, etc.) locations. But instead of the 5-10 square feet I used to assume (for people of average spending habits), I'll now assume 10-20.
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