Unanchored Centers: A New Trend

Retail centers with no traditional anchor are being built successfully in Arizona, California and Florida.

1 minute read

April 20, 2005, 5:00 AM PDT

"Cooper Plaza will not look like a retail powerhouse when it opens in May. The 13,000-square-foot, Ocala, Fla., open-air center has no anchor, and its tenants are service-oriented retailers.

...Developers are also finding that unanchored center returns can be significantly better than those of grocery-anchored properties. Century's returns, for example, range between 10 and 15 percent on the unanchored centers it has owned and built, Drost says, which eclipses the average of about 7.8 percent on grocery-anchored..."

Thanks to The Practice of New Urbanism

FULL STORY: No Anchor? No Problem.

Tuesday, April 19, 2005 in International Council Of Shopping Centers

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

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