Lifestyle center require less land, and typically have higher sales that comparable malls.
"The rising cost of land in Metro Detroit and changing shoppers preferences are reshaping the next generation of stores as they follow people to the outlying suburbs, according to a report by Bieri & Associates Inc., a Detroit-based retail consulting firm. Retailers such as Banana Republic, Williams-Sonoma and Ann Taylor often prefer to be in outdoor settings where lines of shops and eateries are set along a winding Main Street, said Jim Bieri, president of the company that published the study. Lifestyle centers typically take up less than half the land of a traditional mall. In turn, the centers provide residents a gathering place and communities a sense of identity. Commerce Township and Wixom are the latest Metro Detroit communities to plan lifestyle centers. Rochester Hills and Novi already have them."
Thanks to Richard Layman
FULL STORY: Retailers bypass malls for 'lifestyle centers': Suburban land costs bring back Main Street
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New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
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