Classifications of Shopping Malls

Classifications of Shopping Malls

The International Council of Shopping Centers classifies shopping malls into eight basic types: neighborhood center, community center, regional center, superregional center, fashion/specialty center, power center, theme/festival center, and outlet center.

Community Center

[Wiki] Community centers (or community malls) are larger than neighborhood centers, and offer a wider range of goods. They usually feature two anchor stores which are larger than that of a neighborhood center's, e.g. a discount department store. They may also follow a strip configuration, or may be L- or U-shaped. Community centers usually feature a retail area of 100,000 to 350,000 square feet (9,300 to 32,500 m2) and serve a primary area of 3 to 6 miles (4.8 to 9.7 km).

[Costar] A shopping center development that has a total square footage between 100,000 – 350,000 SF. Generally will have 2-3 large anchored tenants, but not department store anchors. Community Center typically offers a wider range of apparel and other soft goods than the Neighborhood Center. Among the more common anchors are supermarkets and super drugstores. Community Center tenants sometime contain retailers selling such items as apparel, home improvement/furnishings, toys, electronics or sporting goods. The center is usually configured as a strip, in a straight line, or an “L” or “U” shape.

Freestanding Retail

[Costar] Single tenant building with a retail tenant. Examples include video stores, fast food restaurant, etc.

General Retail

[Costar] Typically are single tenant freestanding general purpose commercial buildings with parking. Many single retail buildings fall into this use code, especially when they don’t meet any of the more detailed use code descriptions.

Lifestyle Center

[Costar] An upscale, specialty retail, main street concept shopping center. An open center, usually without anchors, about 300,000 SF GLA or larger, located near affluent neighborhoods, includes upscale retail, trendy restaurants and entertainment retail. Nicely landscaped with convenient parking located close to the stores.

Mall

[Costar] The combined retail center types of Lifestyle Center, Regional Mall and Super Regional Mall.

Neighborhood Center

[Wiki] Neighborhood centers are small-scale malls serving the local neighborhood. They typically have a supermarket or a drugstore as an anchor, and are commonly arranged in a strip mall format. Neighborhood centers usually have a retail area of 30,000 to 150,000 square feet (2,800 to 13,900 m2), and serve a primary area in a 3-mile (4.8 km) radius. They are sometimes known as convenience centers.

[Costar] Provides for the sales of convenience goods (food, drugs, etc.) and personal services (laundry, dry cleaning, etc.) for day-to-day living needs of the immediate neighborhood with a supermarket being the principal tenant. In theory, the typical GLA is 50,000 square feet. In practice, the GLA may range from 30,000 to
100,000 square feet.

Outlet Center

[Wiki] An outlet mall (or outlet center) is a type of shopping mall in which manufacturers sell their products directly to the public through their own stores. Other stores in outlet malls are operated by retailers selling returned goods and discontinued products, often at heavily reduced prices. Outlet stores were found as early as 1936, but the first multi-store outlet mall, Vanity Fair, located in Reading, PA did not open until 1974. Belz Enterprises opened the first enclosed factory outlet mall in 1979, in Lakeland, TN, a suburb of Memphis.

[Costar] Usually located in a rural or occasionally in a tourist location, an Outlet Center consists of manufacturer’s outlet stores selling their own brands at a discount. 50,000 – 500,000 SF. An Outlet Center does not have to be anchored. A strip configuration is most common, although some are enclosed malls and others can be
arranged in a village cluster.

Power Center

[Wiki] Power centers are large shopping centers that almost exclusively feature several big-box retailers as their anchors. They usually have a retail area of 250,000 to 600,000 square feet (23,000 to 56,000 m2) and a primary trade area of 5 to 10 miles (8.0 to 16.1 km).

[Costar] The center typically consists of several freestanding (unconnected) anchors and only a minimum amount of small specialty tenants. 250,000 – 600,000 SF. A Power Center is dominated by several large anchors, including discount department stores, offprice stores, warehouse clubs, or "category killers," i.e., stores that
offer tremendous selection in a particular merchandise category at low prices.

Regional center

[Wiki] A regional mall is, per the International Council of Shopping Centers, in the United States, a shopping mall which is designed to service a larger area (15 miles) than a conventional shopping mall. As such, it is typically larger with 400,000 sq ft (37,000 m2) to 800,000 sq ft (74,000 m2) gross leasable area with at least two anchor stores and offers a wider selection of stores. Given their wider service area, these malls tend to have higher-end stores that need a larger area in order for their services to be profitable but may have discount department stores. Regional malls are also found as tourist attractions in vacation areas.

Regional Mall

[Costar] Provides shopping goods, general merchandise, apparel, and furniture, and home furnishings in full depth and variety. It is built around the full-line department store with a minimum GLA of 100,000 square feet, as the major drawing power. For even greater comparative shopping, two, three, or more department stores may be included. In theory a regional center has a GLA of 400,000 square feet, and may range from 300,000 to more than 1,000,000 square
feet. Regional centers in excess of 750,000 square feet GLA with three or more department stores are considered Super Regional. (See also: Super Regional Mall)

Shopping Center

[Costar] The combined retail center types of Community Center, Neighborhood Center and Strip Center.

Fashion/Specialty Center

[Wiki] Fashion or specialty centers feature upscale apparel shops and boutiques and cater to customers with higher incomes. They usually have a retail area ranging from 80,000 to 250,000 square feet (7,400 to 23,200 m2) and serve an area of 5 to 15 miles (8.0 to 24.1 km).

[Costar] The combined retail center types of Airport Retail, Outlet Center and Theme/Festival Center.

Strip Center

[Costar] A strip center is an attached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may connect the storefronts, but a strip center does not have enclosed walkways linking the stores. A strip center may be configured in a straight line, or have
an "L" or "U" shape.

Superregional center

[Wiki] A super regional mall is, per the International Council of Shopping Centers, in the US a shopping mall with over 800,000 sq ft (74,000 m2) of gross leasable area, three or more anchors, mass merchant, more variety, fashion apparel, and serves as the dominant shopping venue for the region (25 miles) in which it is located.

Super Regional Mall

[Costar] Similar to a regional mall, but because of its larger size, a super regional mall has more anchors, a deeper
selection of merchandise, and draws from a larger population base. As with regional malls, the typical configuration is as an enclosed mall, frequently with multiple levels (See also: Regional Mall).

Theme/Festival Center

[Wiki] Theme or festival centers have distinct unifying themes that are followed by their individual shops as well as their architecture. They are usually located in urban areas and cater to tourists. They typically feature a retail area of 80,000 to 250,000 square feet (7,400 to 23,200 m2).

[Costar] These centers typically employ a unifying theme that is carried out by the individual shops in their architectural design and, to an extent, in their merchandise. Sometimes the biggest appeal of these centers is to tourists; they can be anchored by restaurants and entertainment facilities. These centers, generally located in urban areas, tend to be adapted from older, sometimes historic, buildings, and can be part of mixed-use projects. 80,000
– 250,000 SF.

Gentleman, Western proverb

Western proverb Proverb

"Manners and money make a gentleman."

A Gentle Summary

A warm reminder that true dignity flourishes when a polite heart is supported by practical financial independence.

What It Means

This charming proverb gently points out that being nice is wonderful, but having the means to support yourself makes your kindness even stronger. Good manners show you care, and a little financial stability gives you the freedom to care without worry. It tells us that ideals and reality work best when they hold hands.

Why It's Special

It encourages us to take care of our hearts and our practical lives equally. For anyone trying to be a good person while navigating the real world, this provides a loving nudge to find balance.

서양의 다정한 지혜

"매너와 돈이 신사를 만든다."

간단한 요약

아름다운 마음씨에 스스로를 책임질 수 있는 능력이 더해질 때, 진정으로 멋진 어른이 된다는 따뜻한 조언을 전해줍니다.

담긴 의미

상냥하고 예의 바른 태도도 물론 중요하지만, 팍팍한 현실 속에서는 경제적인 자립이 바탕이 되어야 그 다정함도 지킬 수 있다고 일러줍니다. 내 마음을 예쁘게 가꾸는 일만큼이나, 내 삶을 단단하게 지탱할 수 있는 현실적인 힘을 기르는 것도 무척 중요하다는 것을 솔직하게 알려줍니다.

추천하는 이유

착한 마음만으로 살아가기엔 벅찬 세상에서, 스스로의 중심을 단단히 잡도록 도와줍니다. 내면의 다정함과 현실의 든든함을 모두 갖춘 균형 잡힌 사람이 되고 싶은 분들께 기분 좋은 응원이 되어주기 때문에 추천합니다.

Money, Western proverb

Cute Western Wisdom

"Money is like an eel in the hand."

A Quick Summary

A fun and vivid reminder that money slips away easily, just like a wiggly eel, so we must be very careful holding onto it.

What it Means

Imagine trying to catch a slippery eel with bare hands. The harder you squeeze, the faster it escapes! This cute proverb compares our finances to that wiggly eel. It tells us that making money is only half the adventure. Keeping it safe from impulsive shopping and unexpected bills requires gentle but firm control.

Why it's Great

It turns a stressful topic like financial management into a playful image. Whenever you feel the urge to spend money carelessly, just picture that slippery eel and it will help you hold onto your savings with a smile.

서양의 귀여운 지혜

"돈은 손안의 장어와 같다."

간단한 요약

장어처럼 요리조리 빠져나가는 돈의 성질을 귀엽고도 날카롭게 짚어주며, 지혜로운 관리가 필요함을 이야기합니다.

담긴 의미

미끌미끌한 장어를 맨손으로 꽉 잡으려고 하면 할수록 금세 도망쳐 버립니다. 우리가 애써 모은 돈도 이와 같다고 일러줍니다. 지갑 속에 잘 모셔두었다고 생각해도, 어느새 귀여운 충동구매나 뜻밖의 지출로 눈 깜짝할 사이에 빠져나가 버립니다. 버는 것보다 지키는 것이 훨씬 더 세심한 보살핌을 필요로 한다는 것을 다정하게 알려줍니다.

추천하는 이유

딱딱하고 머리 아픈 재정 관리를 장어라는 귀여운 비유로 쉽게 풀어줍니다. 쇼핑의 유혹에 흔들릴 때, 내 손안에서 꿈틀거리는 장어를 떠올리면 저절로 미소가 지어지며 낭비를 줄이게 도와주기 때문에 추천합니다.

Money, George Bernard Shaw

Lack of money is the root of all evil.

- George Bernard Shaw (1856–1950)

Money, Western proverb

Money ruins many.

- Western proverb

Investment, Wall Street

This time is never different.

- Wall Street

Never is a long term.

Money, Western proverb

Money can't buy happiness.

- Western proverb

Investment, Wall Street

Great minds have purposes; others have wishes.

$ Wall Street

There are no short cuts to successful investment.

Money, Unknown

The fellow who has no money is poor; the fellow who has nothing but money is poorer still.

- Unknown

Emotions, Wall Street

Don’t get emotionally involved.

$ Wall Street

If you let emotions get involved, you will make bad decisions.