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About Lifestyle Retail Centers

Lifestyle centers rose in popularity with consumers as an antidote to the sameness they see had seen in their local retail offerings.

Lifestyle retailers and their host facilities compete less on price and more on innovation in store merchandise and the retail experience itself.

 

Some characteristics common to lifestyle retail centers include an open-air configuration, a tenant mix of apparel and home goods, along with some tenancies related to entertainment: movie theaters, books, music, and the like. Lifestyle centers also are home to table-service restaurants. This being said, these centers are not derivative of some standardized formula; rather, each tends to succeed based on somewhat varying circumstances.

 

Lifestyle centers emerged after, but as part of, a resurgence of interest among consumers towards “main street” style retailing as well as a major effort to develop “urban entertainment centers” (Universal Studios, SONY, Disney, among others). These trends were supported by general industry acceptance of “placemaking” and “gathering place” sensibilities.

 

As well, retailers that preferred “main street” type locations found lifestyle shopping centers to be similar in terms of their store siting criteria.

 

The lifestyle retail center product is also popular with developers as this essentially anchor-less type of retail depends as much on creating pleasant strolling walkways and gather-and-stare plazas, as on the leading retailers included. Lifestyle centers are typically open-air.

 

Prominent lifestyle centers developed in the U.S. include Eastwood Town Center in Lansing, Michigan (2002); Denver Pavilions (1998); The Shops at Sunset Place in South Miami, Florida (1999); and the Commons at Calabasas in California (1998). Since these early prototypes, developers throughout the U.S. have been borrowing best-practices from many excellent examples of this retail center type, and have applied “lessons learned” to many hundreds of new lifestyle center developments.

 

Over the last couple of years, lifestyle retail centers have been impacted by the demise of many long-established “national credit” retailers.

 

The term “lifestyle center” is generally considered to have been first used with regard to The Shops of Saddle Creek in Germantown, Tennessee (1987), although retail destinations with lifestyle-center attributes pre-date Saddle Creek.

CenterOwner or DeveloperOpened
The Gateway
El Paso, Texas
Prestige Development GroupTBD
The Village of Solé Mia
Miami, Florida
TurnberryTBD
2020
Tomoka Town Center
Daytona, Florida
North American Development Group2018
Town Square MetepecThor Equities2018
River Oaks District
Atlanta, Georgia
OliverMcMillan2015
The Point in El Segundo
El Segundo, California
Federal Realty Investment Trust2015
Avalon
Alpharetta, Georgia
PGIM Inc., a wing of Prudential Financial2014
The Shops Buckhead Atlanta
Atlanta, Georgia
OliverMcMillan2014
The Village at Meridian
Meridian, Idaho
CenterCal Properties2013
Willow Lawn
Richmond, Virginia
The year noted here is for the most recent repurposing at this center established in 1956.
Federal Realty Investment Trust2012
2010
BLVD Place
Houston, Texas
Whitestone REIT2009
Summit Fair
Lees Summit, Missouri
RED Development2009
Americana at Brand
Glendale, California
Caruso2008
Clermont Landing
Clermont, Florida
Weingarten Realty2008
High Point Town Center
Prattville, Alabama
Clearview Investments, Ltd. and Ball Ventures, LLC2008
Market Street at Heath Brook
Ocala, Florida
Columbus Pacific2008
Orchard Town Center
Westminster, Colorado
Vestar2008
Palisades Village
Pacific Palisades, California
Caruso2008
The Meadows at Lake Saint Louis
Lake Saint Louis, Missouri
Cohen Equities (New York2008
Watters Creek at Montgomery Farm
Allen, Texas
2008
Alamance Crossing
Charlotte, North Carolina
CBL & Associates2007
Dulles 28 Centre
Dulles, Virginia
Lerner Enterprises and The Tower Companies2007
SanTan Village
Gilbert, Arizona
Macerich2007
Streets of Cranberry
Cranberry Township, Pennsylvania
The Davis Companies2007
The Promenade at Fulton Ranch
Chandler, Arizona
Whitestone REIT2007
The Shops at Norterra
Phoenix, Arizona
RED Development and USAA Real Estate Company2007
Mary Brickell Village
Miami, Florida
2006
Otay Ranch Town Center
Chula Vista, California
Brookfield Properties2006
Pinnacle Hills Promenade
Rogers, Arkansas
Brookfield Properties2006
Promenade Shops at Dos Lagos
Corona, California
Cypress Equities2006
The Promenade Shops
Saucon Valley in Central Valley, Pennsylvania
‎Poeg & McEwen2006
The Shops at Atlas Park
Glendale, New York
Macerich2006
The Shops at Friendly Center
Greensboro, North Carolina
CBL Properties2006
Wayside Commons
Burlington, Massachusetts
Patriot Partners2006
Avenue at Carriage Crossing
Collierville (Memphis), Tennessee
2005
Bella Terra
Huntington Beach, California
DJM Capital Partners2005
Brookhaven Town Center
Yaphank, New York
2005
Clay Terrace
Carmel, Indiana
Washington Prime Group Inc.2005
Crestview Hills Town Center
Crestview Hills, Kentucky
2005
Lakeside Village
Lakeland, Florida
CASTO2005
Orland Park Crossing
Orland Park, Illinois
Edwards Realty Company2005
St. John Town Center
Jacksonville, Florida
Simon Property Group2005
The Promenade Shops at Evergreen Walk
South Windsor, Connecticut
2005
The Shops at Carriage Crossing
Collierville, Tennessee
DRA Advisors & PM2005
The Shops at Perry Crossing
(opened as The Metropolis Lifestyle Center)
Plainfield, Indiana
Poeg Shopping Centers2005
Wolf Ranch Town Center
Georgetown, Texas
Washington Prime Group2005
Deerfield Towne Center
Cincinnati, Ohio
RPT Realty, REIT2004
Eastern Shore Center
Daphne, Alabama
2004
Firewheel Town Center
Garland, Texas
Simon Property Group2004
Jordan Creek Town Center
West Des Moines, Iowa
Brookfield Properties Retail Group2004
The Avenue Viera
Melbourne, Florida
2004
The District at Green Valley Ranch
Henderson, Nevada
Vestar2004
The Greene Town Center
Dayton, Ohio
Olshan Properties2004
The Streets of Tanasbourne
Hillsboro, Oregon
Continental Real Estate2004
The Waterfront
Pittsburgh, Pennsylvania
M&J Wilkow, Ltd.2004
Victoria Gardens
Rancho Cucamonga, California
Brookfield Properties2004
Village at Sandhill
Columbia, South Carolina
Kahn Development Company2004
Village Pointe
Omaha, Nebraska
RED Development2004
Zona Rosa Town Center
Kansas City, Missouri
Trademark Property Co.2004
Destin Commons
Destin, Florida
Turnberry2003
Greenway Station
Middleton, Wisconsin
RED Development2003
La Encantada
Tucson, Arizona
Macerich2003
Legacy Village
Lyndhurst, Ohio
First Interstate Properties Ltd2003
Shops at Boardwalk
Kansas City, Missouri
ACF Property Management Inc.2003
The Promenade Shops at Briargate
Colorado Springs, Colorado
Hines Global Income Trust2003
The Shoppes at Arbor Lakes
Maple Grove, Minnesota
Opus Northwest in collaboration with Red Development2003
Birkdale Village
Huntersville, North Carolina
Crosland Southeast2002
Boardwalk Marketplace
O'Fallon, Missouri
2002
Cascade Village Shopping Center
Bend, Oregon
2002
Eastwood Towne Center
Lansing, Michigan
Retail Properties of America, Inc.2002
Geneva Commons
Geneva, Illinois
Madison Marquette2002
Montgomery Village
Santa Rosa, California
Codding Enterprises2002
Pentagon Row
Arlington, Virginia
Federal Realty Investment Trust2002
Santana Row
San Jose, California
Federal Realty Investment Trust2002
Shops at Merrick Park
Coral Gables, Florida
Brookfield Properties2002
The Forum Carlsbad
(formerly Pavilion at La Costa)
San Diego, California
T-C Forum at Carlsbad LLC2002
The Forum on Peachtree Parkway
Norcross, Georgia
Bay Properties 2002
The Grove at Farmers Market
Los Angeles, California
Caruso2002
The Shoppes at EastChase
Montgomery, Alabama
Bayer Properties2002
The Shops at Legacy
Texas
2002
Twelve Mile Crossing at Fountain Walk
(formerly Fountain Walk)
Novi, Michigan
Transwestern2002
Village of Rochester Hills
Rochester Hills, Michigan
Robert B. Aikens & Associates2002
Aspen Grove
Littleton, Colorado
Poeg & McEwen2001
Jefferson Pointe
Fort Wayne, Indiana
RED Development2001
Market Common Clarendon
Arlington, Virginia
Regency Centers Corporation2001
Old Mill District at River Bend
Bend, Oregon
2001
Paddock Shops (formerly The Summit Louisville)
Louisville, Kentucky
CPT Capital Management2001
Promenade at Sagemore
Marlton, New Jersey
Davis Communities2001
Redstone
Park City, Utah
2001
The Avenue Peachtree City
Atlanta, Georgia
2001
The Shoppes at Brinton Lakes
Glen Mills, Concord Township, Pennsylvania
AmCap Incorporated
2001
Tice's Corner
Woodcliff Lake, New Jersey
2001
2000
Centro Ybor
Tampa, Florida
Third Lake Capital2000
CityPlace West Palm Beach
West Palm Beach, Florida
Related Companies2000
Deer Park Town Center
Deer Park, Illinois
Poeg Shopping Centers2000
Kierland Commons
Phoenix, Arizona
Macerich2000
Rookwood Commons & Rookwood Pavilion
Cincinnati, Ohio
Hines Global REIT II2000
Rosemary Square (formerly CityPlace)
West Palm Beach, Florida
The Related Companies, L. P.2000
The Streets at Woodfield
Schaumburg, Illinois
2000
Mt. Pleasant Towne Center
Mt. Pleasant, South Carolina
Bayer Properties1999
Southlake Town Square
Southlake, Texas
Retail Properties of America Inc.1999
SouthPointe Pavilions
Lincoln, Nebraska
RED Development1999
The Avenue East Cobb
Marietta, Georgia
1999
The Avenue of the Peninsula
Rolling Hills Estates, California
1999
The Shops at Sunset Place
South Miami, Florida
Federal Realty Investment Trust1999
Broadway Pointe
Walnut Creek, California
1998
Denver Pavilions
Denver, Colorado
Gart Properties with MetLife Real Estate Investors1998
Gardens on El Paseo
Palm Desert, California
Madison Marquette1998
The Commons at Calabasas
Calabasas, California
Caruso1998
The Shops at Riverwoods
Provo, Utah
Tigriswoods, LLC1998
Alamo Quarry Marketplace
San Antonio, Texas
American Assets Trust, Inc. 1997
Huebner Oaks Shopping Center
San Antonio, Texas
RPAI San Antonio Huebner Oaks Limited Partnership1997
Phillips Place
Charlotte, North Carolina
1997
Redmond Town Center
Redmond, Washington
Fairbourne Properties1997
The Summit Birmingham
Birmingham, Alabama
Bayer Properties LLC1997
University Village
Seattle, Washington
1997
The Promenade at Westlake
Westlake Village, California
Caruso1996
Town Center Plaza
Kansas City, Missouri
WP Glimcher1996
Anaheim Hills Festival
Anaheim, California
Vestar1992
Town Square Center
Wheaton, Illinois
Tucker Development with Hutensky Capital Partners1992
Mizner Park
Boca Raton, Florida
Brookfield Properties1991
1990
Bradley Fair Shopping Center
Wichita, Kansas
Laham Development1990
CocoWalk
Coconut Grove, Florida
Federal Realty Investment Trust1990
Reston Town Center
Reston, Virginia
Boston Properties1990
Del Mar Plaza
Del Mar, California
Brixton Capital1989
One Pacific Place
Omaha, Nebraska
Poeg & McEwen1989
The Grove at Shrewsbury
Shrewsbury, New Jersey
Metrovation1989
The Shops at Somerset Square
Glastonbury, Connecticut
Rouse Properties, LLC, owned by affiliates of Brookfield Asset Management 1988
Bayside Marketplace
Miami, Florida
Included here, but was actually one of the "Festival Marketplaces" created by Rouse.
Ashkenazy Acquisition Corp.1987
First Street Napa
(formerly Napa Town Center)
Napa, California
Zapolski Real Estate, LLC; NTC Shops, LLC1987
The Shops of Saddle Creek
Germantown, Tennessee
Poeg & McEwen1987
Preston Park Village
Plano, Texas
1986
University Park Village
Fort Worth, Texas
Simon Property Group1986
Arboretum at Great Hills
Austin, Texas
Edge Realty Partners1985
Hyde Park Village
Tampa, Florida
1985
The Village at Corte Madera
Corte Madera, California
Macerich1985
Lincoln Square Shopping Center
Arlington, Texas
Lincoln Square Property Co.1983
1980
Bethesda Row
Bethesda, Maryland
Federal Realty Investment Trust1975
1970
La Cumbre Plaza
Santa Barbara, California
Macerich1967
1960
Fig Garden Village Shopping Center
Fresno, California
Brookfield Properties 1956
The Americana at Manhasset
Manhasset, New York
Castagna Realty Co. Inc.1956
Highland Village Shopping Center
Houston, Texas
Haidar Barbouti1952
The Shops on Lane Avenue
Arlington, Ohio
RPT Realty1952
1950
River Oaks Shopping Center
Houston, Texas
Weingarten Realty Investors1937
Highland Park Village
Dallas, Texas
1931
Country Club Plaza
Kansas City, Missouri
Included here, but this groundbreaking development was in a category of its own.
Macerich1923
Daniel Island Town Center
Charleston, South Carolina
Hill Partners
Linden Square
Wellesley, Massachusetts
Federal Realty Investment Trust
Village Square at Dana Park
Phoenix, Arizona
Whitestone REIT

Lifestyle Retail Centers & Mixed-Use Main Street Retail

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