If you think that architecture is just about high rise buildings, the latest shopping mall or a series of subdivisions, then you are wrong. And online retailers will expand their brand presence and marketing reach with brick-and-mortar stores, as Amazon has done with bookstores and its purchase of Whole Foods. That in turn will make management of the shopping center more precise, more predictable and much more effective.
It is an open-air complex facing the ocean, with an artisanal food market, a gym and spa, a surf shop and other high-end specialty stores featuring reclaimed wood and other beach-inspired materials. We can already predict that in the shopping centers of the future, we will no longer see accountants and marketing departments as we know them, but AI can assume responsibility for even more than Cannon Hill Shopping Centre just predicting revenue and visitor numbers.
Ross said one reason stores might be interested in setting up shop could be because of owner-subsidized rents. Take some time to create a profile, browse for people in your local area, and start contacting them. In GGP's holdings of more than 130 shopping centers, apparel takes up half of the portfolio by gross leasable area.
You might have already noticed that many of the local businesses in your own town has already set up their own websites to provide adequate information about their business and to promote their merchandise and services where their consumers can easily access them.
Open air malls go a long ways toward lending an atmosphere of a town center, especially when they incorporate mixed use real estate. Gruen designed his first enclosed shopping centers in the mid-1950's as communal gathering places that combined commerce, art and entertainment.
Dubai is also considered the world capital of shopping malls with its impressive as the Dubai Mall, and the popular souks Shopping Festival which takes place every year. As online sites take up more of the retail pie, anchor stores are no longer the consumer draw they once were.
Indeed, Burlington Mall probably sucked the life out of the small retailers that came before it, but that was long ago. These are creative people looking to solve a problem artists as well as retailers are facing, he says. Observers say the mall's renovations will likely spur more development in the North Monroe Corridor, just as College Town did along Gaines Street, which is now lined with boutiques, eating spots and stores.