
Retail Development Handbook.
Title:
Retail Development Handbook.
Author:
Kramer, Anita.
ISBN:
9780874203318
Personal Author:
Physical Description:
1 online resource (468 pages)
Series:
Development Handbook series
Contents:
Front Cover -- Title Page -- Copyright -- Authors -- Acknowledgments -- Contents -- Foreword -- 1 Introduction -- What Is a "Shopping Center"? -- Shopping Center Terms -- Types of Retail Goods -- Types of Shopping Centers -- Convenience Shopping Centers -- Neighborhood Shopping Centers -- Community/Super Community Shopping Centers -- Regional and Super Regional Centers -- Variations of the Major Types -- Entertainment Centers -- Lifestyle Centers -- Town Centers -- Outlet Centers -- Megamalls with Entertainment -- Fashion Centers -- Transportation-Integrated Retailing -- Strip Commercial Development -- Variations in Design -- Evolution of the Shopping Center -- Early Experiments and Patterns -- Diversification in the 1970s -- Maturation in the 1980s -- Remaking the Shopping Center in the 1990s -- The New Millennium -- 2 Project Feasibility -- Market Analysis -- What Is Market Analysis? -- Who Uses Market Analysis? -- Basic Approach to Retail Market Analysis -- The Importance of Key Tenants -- Analyzing Demand for Retail Goods -- Analyzing Supply -- Marketability Analysis -- Sources of Data -- Shaping the Character of a Center -- Financial Feasibility -- Site Selection and Evaluation -- Choosing a Location -- Access to the Site -- Configuration and Shape of the Site -- Size of the Parcel -- Topography -- Public Services -- Site Acquisition and Approvals -- Site Acquisition Methods -- Land Use Controls -- Avenues of Relief -- Review of the Site Plan -- Zoning Alternatives: Planned Development Districts, Floating Zones, Zoning Overlays -- Federal, State, and Regional Regulations -- Development Agreements and Exactions -- Participation and Input by Citizens -- The Approval Process -- Securing Commitments from Tenants and Anchors -- Anchors -- Leasing Plan -- Leasing -- 3 Financing the Retail Project -- Financial Viability -- Estimating Income.
Estimating Costs -- Capitalization Rates -- Project Funding -- Measuring Project Return -- Assessing Financial Liability at Land Acquisition -- Financing Structure -- Organizational Forms of a Development Entity -- Funding Sources -- Presentations to Financing Sources -- Requirements for Equity Funding -- Funding Structure for the Loan -- Elements of a Joint Venture -- Distribution of Profits -- Funding Predevelopment Costs -- Development Fees -- Public Financing -- Other Types of Debt -- What Does a Successful Deal Look Like? -- Financing Characteristics of Retail Development -- Summary -- 4 Planning and Design -- Changing Rules and Guidelines -- The Latest Retail Concepts -- Lifestyle and Open-Air Retail Centers -- Urban Infill Retail -- Mixing Uses -- Transit-Oriented Development -- The Hybrid Mall -- International Retail Concepts -- Asia -- Middle East -- Europe -- Central and South America -- Retail Site Planning -- Site Program Configurations -- Parking -- Environmental Design -- Exterior Features and Building Configurations -- Building Materials -- Building Entrances -- Canopies -- Signage -- Night Lighting -- Truck Service Facilities -- Building Configurations -- Interior Features -- Tenant Spaces -- Building Flexibility -- Kiosks -- Multiple Levels -- Food Courts -- Storefronts -- Store Size -- Basements -- Interior Walls -- Plumbing -- Lighting -- Flooring -- Heating and Air Conditioning -- 5 Expansion and Rehabilitation of Existing Centers -- Feasibility Analysis -- Analysis of Sales Performance -- Analysis of Lease Terms -- Surveys of Customers -- Analysis of the Potential for Expansion -- Market Analysis -- Financial Analysis -- Securing the Capital for Redevelopment -- The Approval Process -- Changes in Physical Design -- Buildings and Common Areas -- Rehabilitation of Facades -- Lighting -- Signage -- Parking.
Landscaping and Street Furniture -- Marketing -- Working with Tenants -- Scheduling and Logistics -- Marketing the New Center -- Problems in Rehabilitation and Expansion -- 6 Tenants -- Understanding Tenants -- Anchor Tenants -- Inline Tenants -- Food Tenants -- Pad Tenants -- Mix, Evaluation, and Placement of Tenants -- Mix -- Evaluation -- Placement -- Design and Planning -- Issues to Resolve with the Municipality -- Language in Tenants' Construction Exhibits -- The Landlord's Control of Tenants' Stores -- Management of Tenants' Construction -- Increased Challenges of Big-Box Tenants -- Grand Opening -- 7 Operations, Management, and the Lease -- Basics of the Lease as a Management Tool -- Developing the Leasing Strategy and the Lease -- Description of the Premises -- Term -- Rent Provisions -- The Economics of Rent and Percentage Rent -- Percentage Rent Lease Provisions -- General Rent Provisions -- Operating Expenses -- The Elements of Operating Expenses: Taxes, Insurance, and CAM -- Tenant's Proportionate Share -- Payment and Reconciliation of Operating Expenses -- Limits on Operating Expenses -- Tenants' Third-Party Payment Obligations -- Promotional Fund or Merchants' Association -- Key Tenant and Landlord Issues -- Tenant Allowance -- Guaranty and Other Landlord Security -- Common Areas -- Use, Trade Name, Continuous Operation, Exclusive Rights -- Cotenancy -- Improvements and Alterations -- Parties' Maintenance and Repair Obligations -- Landlord's Right to Enter the Space -- Insurance, Condemnation, and Default Provisions -- Insurance and Indemnity -- Casualty and Condemnation -- Defaults and the Landlord's Remedies -- Conclusion -- 8 Management and Promotion of a Successful Center -- Management Approaches -- Management and Lease Administration Issues -- Sign Control -- Enforcement of Parking Regulations -- Hours of Operation.
Legal Requirements -- Real Estate Taxes -- Accounting -- Income Accounting -- Expense Accounting -- Marketing and Promotion -- Funding Marketing of the Shopping Center -- Advertising, Promotional Events, Public Relations, and Community Outreach -- Asset Management -- 9 Case Studies -- Atlantic Terminal, Brooklyn, New York -- Belmar, Lakewood, Colorado -- Brentwood Square, Brentwood, Missouri -- Bullring, Birmingham, England -- Fairfax Corner, Fairfax, Virginia -- 40th @ Walnut, Philadelphia, Pennsylvania -- The Grove, Los Angeles, California -- Los Jardines, Bell Gardens, California -- Namba Parks, Osaka, Japan -- Paseo Colorado, Pasadena, California -- Shanghai Xintiandi, Shanghai, China -- University Square, University Heights, Ohio -- Zona Rosa, Kansas City, Missouri -- 10 Future Trends -- The Internet Clicks with Bricks -- Entertainment Goes Large and Sporty -- Cinemas Become Even More Entertaining -- Green Becomes the Norm -- Population Growth Means New Retail Opportunities -- Demographic Trends Will Affect the Viability of Many Existing Centers -- Urban Neighborhoods Will Experience Rapid Retail Development -- Redevelopment, Repositioning, and Reconfiguring Will Remain a Force -- New Town Centers and Redeveloped Strips Will Be the Shape of Retail Growth in Suburban Areas -- Retailing Will Become More Global -- Bibliography and Index -- Bibliography -- Index -- Back Cover.
Abstract:
This comprehensive book is a practical how-to guide to developing hot retail projects such as lifestyle centers, mixed-use centers, and rehabs of failed malls. Project sizes range from small, ethnic-oriented community centers to major multilevel malls.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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Electronic Access:
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