specialty shopping center

specialty shopping center

A shopping center devoted to a particular market segment. The most common type has upscale fashion and home accessory stores. It may or may not have an anchor, but usually does have a number of restaurants for the “shopping as entertainment”market segment.Another type caters to certain demographic groups,such as a shopping center with largely Hispanic-themed merchandise and restaurants, and a high percentage of Hispanic shop owners.

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45 million refinancing for Town Green, a 34,730-square-foot specialty shopping center.
Freed turned stores outward to face the expressway, and remerchandised the property as an open-air specialty shopping center, according to a company fact sheet.
Originally developed as a traditional grocery-anchored center, the property has transitioned into a specialty shopping center with emphasis on leisure activities and dining.
As '90s consumers are increasingly confronted with retailers as "wholesalers," wholesalers as "retailers," television channels as a point of purchase, and the catalogs in the evening mail as extensions of the specialty shopping center, success in the 1990s will be much harder to achieve than in the preceding decade.
The company has also developed more than one million square feet of neighborhood, downtown and specialty shopping centers.
Specialty shopping centers are typically an adaptive use of older and often historical buildings.
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