St David's 2 reaches new heights

0129mall.gifThe BBC has a great article about St David’s 2 in Wales reaching a major milestone in its development. But this isn’t an article just to be read. Follow this link to be treated to the entire construction of St David’s 2 in approximately 2 minutes. You might have seen a shopping center going up over time, but this time-lapse video is something else entirely.

Written by Nissa on January 28, 2009 – 4:32 pm -
Posted in Mall World | No Comments »

Industry Headlines for Jan. 29

In fog of recession, marketing will help avoid the shoals

Globe and Mail, CA

When adjusting to negative shifts, it is important not to take actions that will dilute or harm your brand. With everything else changing, people want constancy. Now is a good time to reinforce and espouse your brand values …

Retailers should embrace Facebook, not stifle it

Kamcity, UK

Social networks like Facebook provide retailers with the opportunity to reach out to both staff and customers and can be more effective than email marketing campaigns, according to two industry specialists …

Poker King: Cards fell against Centro

The Age, AU

For thousands of investors in Centro Property Group, news that the company’s best chance of salvation may sit at a poker table is far from heartening. Mind you, with a share price that has slumped from $2.07 at its peak to just 6.7¢ at last trade, any hope of salvation comes as good news …

Moscow’s malls in a state of arrested development

Moscow Times, RU

Less than half the shopping malls slated for completion in Moscow last year were actually opened, and even those retail centers that were finished on time will be fortunate to find tenants for half their space, according to Colliers International’s annual report …

Don’t rely on government to get retail through this downturn

Retail Week, UK

Bernard Lewis, founder of River Island and one of the most revered names in British fashion, has lent his weight to Retail Week’s Backing UK Retail campaign and blasted the Government for not understanding the industry …

Future Fund looks at buying into ailing British market

Sydney Morning Herald, AU

Australia’s Future Fund is a frontrunner to buy one third of a big British shopping centre, according to reports from Britain. Land Securities is said to be on the verge of selling its stake in the Bullring, one of the main shopping centres outside London, for £200 million …

Roof’s gone, what’s next for downtown core?

Redding Record Searchlight, US

Redding’s downtown core has nearly completed its transformation from dark Nixon-era enclosure to airy pedestrian plaza …

Written by Nissa on January 28, 2009 – 1:04 pm -
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Modus grows a strong community

0108tree.gifModus, developers of the upcoming Newport shopping center Friars Walk, has planted the seeds of a long lasting relationship with its customers-to-be. Last November, the developers held an Information Day to inform Newport residents of the progress and plans for Friars Walk, and over the course of the day gave out 500 “grow your own” Christmas Trees.

Now Modus is maintaining the relationships that were developed on that day. It’s put out a call for updates and photos of the status of the saplings, along with tips for growing strong, healthy Christmas trees. It may be a small initiative, but it’s helping Modus develop deep roots of community integration, part of the developer’s larger plan.

Written by Nissa on January 7, 2009 – 4:25 pm -
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Mixed-use development: Soon to be the only development?

1120mixed.gifAs the suburbs become new urban centers, mixed-use developments are becoming not only popular, but necessary. They’re a dream for municipal planners, they’re much better for the environment, and the convenience draws in shoppers and residents at a fantastic rate. At the ICSC’s 2008 Conference on Mixed-Use Development, experts discussed their growth:

“Mixed-use town center developers will build on the ideas that have evolved over the last 20 years, Steiner noted. “Open air is essential, drivable streets connected to the local street grid are important, and public spaces are the anchors of the projects.”

Steiner also offered a number of ideas about the direction mixed-use town center development will take in the future. “For one thing, municipal planners will not only support such projects, in some cases, they will require them,” he said, since towns, cities and counties now understand the positive impact such projects have on a local coffers. “It’s already happened a few times.”

Moreover, he continued, the non-retail components of such mixed-use developments will probably increase in the future into the range of 30 percent to 40 percent of the total investment, maybe even more than half. “It’s been established that all of the other components — apartments, hotel, office — do better in concert with the retail component,” he said, though he added that legal and financial separation of the components might be necessary to get financing for the entire project.”


Written by Nissa on November 19, 2008 – 2:48 pm -
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Dubai Mega-Mall opens

1106mall.gifAfter a slight delay last week, the Dubai Mall celebrated its grand opening on Tuesday. The shopping center boasts the world’s largest opening day, with 600 retailers open for business on day one.

From the official press release:

Sprawling over 12 million sq ft – equivalent in size to more than 50 soccer pitches – with an internal floor area of 5.9 million sq ft and a gross leasable area of 3.77 million sq ft, The Dubai Mall is the flagship development of Emaar Malls Group, the shopping malls subsidiary of global property developer Emaar Properties.

When fully operational, The Dubai Mall will have over 1,200 stores of which nearly 165 retailers – equaling 1.1 million sq ft, or 30% of the total gross leasable area of the mall – are either new to the region, or opening standalone or flagship stores for the very first time in Dubai. The retail mix includes two anchor department stores – Galeries Lafayette and Bloomingdale’s, both opening their first store in the Middle East at The Dubai Mall; 220 gold & jewellery outlets; 160 food & beverage outlets including Dubai’s largest food court with 40 outlets; a supermarket and an organic food mart.

Written by Nissa on November 5, 2008 – 3:33 pm -
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