Part 4 - Ohio Lifestyle Centers: The Greene Town Center

(Typical "Main Street" View)

(View of Town Square)

(Center Directory)

As a continuation of my Ohio Lifestyle Center series, next up is The Greene Town Center located in the suburban Dayton city of Beavercreek.   The Greene (as it has come to be known), is located just South and a little East of Downtown Dayton on I-675.  This Lifestyle center opened in two phases in 2006 and 2008.

Steiner & Associates, developer of Easton Towne Center in Columbus and many other Lifestyle Center projects partnered with Mall Properties to co-develop the project.  Included in the 72 acre mixed-use development is over 1.0 million sf that includes 790,000 sf of retail, 128,000 sf of office space, over 200 residential units and over 6,500 parking spaces.  Total investment in the project was over $90 with over 100 different retailers in their store directory including these key retail, restaurant, and entertainment anchors:

Von Maur

Books & Co

Cinema de Lux

Brio

McCormicks & Schmick’s

The Cheesecake Factory

Talbots

Chicos

Coldwater Creek

Banana Republic

Sephora

Clarks

           

The Columbus, Ohio firm of Meacham and Apel was the architect for the center and created a “Main Street” themed experience that includes a Town Square at the heart of the complex.  Visitors have three parking garages to choose from as well as several surface lots (both are free).  For those looking to get in and out quickly, street-side metered parking is available where all proceeds are donated to charity.

To review past Ohio Lifestyle Centers – follow the links below:

            Part 1: The Shops at Fallen Timbers (Maumee) 

            Part 2: Crocker Park (Westlake) 

            Part 3: Levis Commons (Perrysburg)  


If you are in the Dayton area - make sure you take some time for a visit.  There is something for everyone in the family.  


Take a look at this video that promotes The Greene Town Center:


                                
                                           The Greene Town Center from Elayo on Vimeo.

   

India Shopping Center Explosion: 94 New Malls by 2012

(Phoenix Market City - Bangalore)

India is expecting an explosion of shopping center development in the next 2 years that could add almost 100 centers in seven major cities accounting for 37 million sqft of new retail space according to a report from Jones Lang LaSalle.  I recently reported on the Phoenix Market Cities planned for 4 districts in India in a previous post that were large scale developments soon to open.


As India develops into a "second world" country, developers and retailers will be ready to provide the goods and services.  Will there be a glut of retail space or a rush of new retailers looking for new shoppers?  Read more from The Economic Times article:


Nearly 100 Malls to Come Up by 2012 in Seven Cities:  Report

Land Securities Continues its Growth Plans

(Bon Accord Centre - A Land Securites Property)

Land Securities announced in their half-year results their intention to expand their retail portfolio.   This is the latest in a series of articles about UK and European companies moving forward with retail projects.  


See the full article here:
Land Securities Plans Further Retail Development


Land Securities press release:
Half-Yearly Results for the six months to 30 September 2010


Previous All Things Retail Development Posts:
United Kingdom Retail Development Update


More Good Retail Development News from London


Trinity Leeds:  A Sign of the Times?


 

United Kingdom Retail Development Update

(Eldon Square Shopping Centre)

Capital Shopping  Centres, one of UK’s largest developers and owners of 13 regional shopping centres totaling 14 million sq ft announced today they are planning £78 million in capital projects.  The purpose for this investment is due to the strong growth in retail and a “reduced supply of new high-quality retail space”. 

Once again the news from the UK is bullish on retail development.  We have seen similar statements from Land Securities and their investment in Trinity Leeds, as well as this post about construction spending at it relates to supermarkets and Europe in general.

Here is the article from Building.co.uk:
CSC Plots £78m of Retail Development

For the brief in its entirety see CSC's website:
Interim Management Statement


  

Phoenix Market City - Mumbai

(All Images Above from Phoenix Mills Ltd Website)

Phoenix Mills Ltd (no connection with the Mills Corp, recently acquired by Simon Malls) is in the process of developing mega-regional shopping centers in India called Phoenix Market City (Cities) that create mixed-use developments that bring retail, entertainment, hospitality, and commercial space together in a dynamic and highly designed environment.  There are currently 4 of these centers currently under development.  Indian cities where these are in planned include Mumbai, Pune, Bangalore, and Chennai.

Consistent about these centers are their inward focus away from their dense (and often undesirable) surroundings.  They are modern (and western) as a development but as you move inside between the mass of the building, each development has carved out an open air oasis that is meant to provide the shopper a respite from the hustle of the  city (11,000,000 population of Mumbai), while at the same time keeping them focused on the shops and restaurants.  This area is luxuriously land and hardscaped with water features, trees, and plants that are then fronted by the retail and restaurants.

One of the centers, The Phoenix Market City – Mumbai is in the eastern Mumbai suburb of Kurla.  Stats of the 25 acre Mumbai project are immense and include the over 4 million sf of development including 1.7 million sf of retail, 1.0 million sf of office, 3,500 parking spaces, over 30 restaurants, 11 screen multiplex, 7 department stores, and over 350 retailers.  The development will also include a 5 Star Marriott with 155 keys and 500,000 sf of landscaped open air central core.

Retailers that have announced their commitment to the development thus far include Addidas, Big Cinemas, DKNY, DLF Home, Ed Hardy, Hidesign, PlanetM, Provogue, Punjab Grill, and Ted Lapidus.

The Phoenix Market Cities were designed by international architectural firm Benoy and the Mumbai location is scheduled to open in 2011.  These centers are as urban as they get and it will be interesting to follow them to see how the these developments transform not only the retail opportunities for the Indian population but what happens to the immediate surroundings adjacent to these shopping meccas.  Will they benefit from the “economy” of the center or will they remain depressed.  I will report back.