Indiana Rules and Regulations for Shopping Center
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FAQ
Yes. Owning a shopping center can be profitable. However, that profitability is highly dependent upon the price paid, the efficiency of management, and the characteristics of the center itself including location, tenants, market, class, lease terms, and rental rates.
Overview. With seven major department stores and more than 450 stores, boutiques and restaurants, King of Prussia Mall is the largest retail space in the U.S. and the largest shopping mall on the East Coast. The mall's 2.9 million square feet of retail space welcomes around 20 million visitors a year.
Baker and Funaro recommend a space 9 by 18 feet, and one 10 by 20 feet should be ample. The rest of the area (150 square feet per car by their standards) will be used up in aisles, exits and entrances, and landscaping. No land will be saved by making spaces less than 9 feet wide.
A community shopping center is a retail complex anchored by a supermarket and a discount junior department store or regular variety store and is surrounded by several other smaller tenants. It usually occupies about 10 acres and includes from 20 to 70 stores.
The primary consideration should be providing the maximum convenient parking capacity with the best use of available space....General PlanningUse rectangular areas.Make the parking area's long sides parallel.Use parking stalls along the perimeter.Use traffic lanes that serve two rows of stalls.
According to JLL, the average size of a superior grade mall is 400,000 sq ft, whereas the normal size of average grade and poor grade malls are 190,000 sq ft and 150,000 sq ft, respectively.
The national cost average is $25M to $180M, with most people paying around $75M for a 250,000 sq. ft. two-story regional mall containing 3 anchor stores. At the lowest cost, you can build a 10,000 sq.
Step Guide to Parking Lot DesignIdentify the Purpose of Your Lot.Do the Math: Sizing and Spacing.Create a Flow: Parking Layout Design Guidelines.Design for Safety: Parking Lot Security Provisions.Take It Up a Notch: Other Design Elements to Consider.Design for the Long Run: Asphalt Maintenance Solutions.
At over 12 million square feet (equivalent to more than 50 soccer fields), the Dubai Mall is the largest shopping mall in the world based on total area. The mall contains more than 1,200 shops, an ice rink, a SEGA game centre, a five-star hotel, 22 cinema screens and 120 restaurants and cafes.