Real Estate Principles, 11th Edition By Charles F. Floyd and Marcus T. Allen

Commercial and Industrial Land Uses Chapter 12 Commercial and Industrial Land Uses

Shopping Center Development Characteristics One or more structures of a unified architecture A site that serves a particular trade area On-site parking Facilities separated from shopping area Single ownership and management

Shopping Center Types Neighborhood shopping center Community shopping center Regional shopping center Superregional shopping center Other shopping centers See Figure 12.1 Types of Shopping Centers See Figure 12.2 Characteristics of Shopping Centers by Type

Evolution of the Shopping Center Rise in automobile use put strain on downtown shopping First suburban mall Kansas City Close-Up “The First Suburban Shopping Center: Country Club Plaza” Case Study “Birkdale Village” Mega Mall is Mall of America

Shopping Center Development Process Market and Feasibility Analysis Primary and secondary trade areas Determining market size Competitive survey Site Location Tenant Selection See Close-Up “Atlantic Station: A Successful Brownfields Redevelopment Project”

Office Buildings Location Single vs. multi-tenant buildings See Central business districts Secondary office nodes Office parks Single vs. multi-tenant buildings See Case Study “The Trump Building: 40 Wall Street” Case Study “The Boiler Room Office Building: A Unique Adaptive Use”

Industrial and Distribution Facilities Manufacturing Warehousing Distribution See Case Study “The Interstate North Industrial Park” Analysis of Industrial Sites Determine existing and potential supply Forecast demand Estimate absorption rate Compare competitiveness with other projects

Hotel, Motel, and Resort Developments Commercial hotels Highway or airport hotels and motels Resort hotels