8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
Massachusetts Planning Directors Conference Presentation on Lifestyle Centers
1. Massachusetts Association of Planning
Directors
Annual Conference June 9,
2011
Presenter: Peter Zahka Attorney for Legacy Place
Presenter: Karen O’Connell, Economic Development Director &
Attorney
Moderator: Richard J. McCarthy, Jr., Planning Director
2. A lifestyle center is a shopping center or mixed-used
commercial development that combines the traditional retail
functions of a shopping mall but with leisure amenities
oriented towards upscale consumers*.
Definition Lifestyle Center
*Definition from Wikipedia
3.
4. Lifestyle centers, which were first labeled as such by Memphis developers Poag and McEwen in the late 1980s[1] and emerged as a
retailing trend in the late 1990s, are sometimes labeled "boutique malls". They are often located in affluent suburban areas. While
modern day lifestyle centers are fairly new, open-air malls have been around for decades. One such mall is Friendly Shopping Center in
Greensboro, North Carolina. The open-air mall opened in 1957 and has adapted to the look and layout of today's modern day lifestyle
centers. An expanded section of Friendly Shopping Center called "The Shops at Friendly Center" includes upscale retail and restaurant
establishments such as Brooks Brothers and PF Chang's.
Lifestyle centers vs. traditional malls
The proliferation of lifestyle centers in the United States accelerated in the 2000s, with number going from 30 in 2002 to 120 at the end of
2004. [2] Lifestyle centers are sometimes depicted as occupying the upscale end of the spectrum of commercial development, at the
opposite end of the outlet mall, which typically caters to a wider range of income with bargain prices. The growth of lifestyle centers has
occurred concurrently with an acceleration of the shutting down of traditional shopping malls, which typically require large sites over 70
acres (283,000 m²) at a time when land prices are escalating. Lifestyle centers usually require less land and generate higher revenue
margins, often generating close to 500 dollars per square foot, compared to an average of 330 dollars per square foot for a traditional mall,
according to the president of Poag and McEwen.[2] Other advantages lifestyle centers have over traditional enclosed malls are savings on
heating and cooling and quicker access for busy customers. Typical amenities at lifestyle centers include plush chairs instead of traditional
plastic seating in common areas.
•^ ""The Mall Goes Undercover", Slate.com". http://www.slate.com/id/2116246. Retrieved 2006-05-26.
•^ a b Bhatnagar, Parija (2005-01-11). "CNN article: "Not a mall, it's a lifestyle center".
"http://money.cnn.com/2005/01/11/news/fortune500/retail_lifestylecenter/. Retrieved 2006-05-26.
Lifestyle Center’s Evolution