5-629: Clay Terrace is a community lifestyle center in Carmel, Indiana . Opened in 2004, it is managed by Washington Prime Group. Clay Terrace opened in 2004. It, Jefferson Pointe in Fort Wayne , and Metropolis in Plainfield were the first three lifestyle centers in Indiana. Among the first stores announced for it were Dick's Sporting Goods , Wild Oats Market and DSW . Aeropostale closed January 27, 2015, making
10-435: A traditional mall, according to the president of Poag and McEwen. Other advantages lifestyle centers have over traditional enclosed malls are savings on heating and cooling and quicker access for customers. Unlike the traditional commercial layout of strip shopping centers , lifestyle centers present their formal storefronts as facing each other across a landscaped pedestrian walkway or a low volume two-lane road. Those with
15-504: Is an open-air shopping center which aims to create a "pedestrian-friendly, town-like atmosphere with sidewalks, landscaping, ambient lighting, and park benches. Memphis developers Poag and McEwen are generally credited with developing the concept in the late 1980s. Lifestyle centers emerged as a major retailing trend in the late 1990s. Sometimes labeled boutique malls or ersatz downtown , they are often located in affluent suburban areas. The proliferation of lifestyle centers in
20-464: The United States accelerated in the early 21st century, growing from 30 nationally in 2002 to 120 at the end of 2004. They lie on the upscale end of commercial development, with discount-based outlet malls on the low end. Lifestyle centers typically require less land and may generate higher revenue margins, generating close to $ 500 per square foot, compared to an average of $ 330 per square foot for
25-690: The Clay Terrace location the only one in central Indiana to close. Delia's, New York & co., Paradise Bakery, and the Children's Place all closed around the same time. Wild Oats became Whole Foods Old Navy was added in 2007, relocating from Merchants' Square. Circuit City closed in 2008. On June 17, 2014, it was announced that Simon Property Group spinoff Washington Prime had acquired Clay Terrace in addition to six other shopping centers. Lifestyle center (retail) A lifestyle center ( American English ), or lifestyle centre ( Commonwealth English ),
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