Lifestyle Center (retail) - Lifestyle Centers Vs. Traditional Malls

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. 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. 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. Lifestyle centers typically look like strip shopping centers turned outside in, and the formal storefronts don't face parking areas like in strip centers, but landscaped park-like pedestrian areas, with storefronts facing each other across the pedestrian walkway or a low volume parkingless two-lane road. A two-lane road might go through the inside of the lifestyle center for drop offs and pickups, but no parking space is provided.

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