Showing posts with label Suburban Retrofitting. Show all posts
Showing posts with label Suburban Retrofitting. Show all posts

Thursday, June 18, 2015

A Case Study in Suburban Retrofitting

A recent article by Dean Saitta in Planetizen about retrofitting dead suburban malls caught our eye. The article covers a dead mall in Belmar, CO, where the former Villa Italia Mall was redeveloped as the Public Plaza at Belmar, a mixed-use New Urbanist development that includes a network of public streets, public spaces, as well as shopping, dining and living options that are more reflective of a traditional downtown than a suburban mall. Lifestyle Centers, open-air shopping centers like these, are definitely not a new concept, but we especially like this project for a few reasons. Perhaps most significantly is that 10 years after its construction, it seems to have matured well. Today more than 2,000 residents live within the area, and the project generates $200 million a year in retail sales, or 2.5 percent of the town's total sales tax revenue. 

Belmar, CO site,
formerly Villa Italia Mall

Belmar...the basics:
  • the former mall, a 100-acre superblock was turned into 22 blocks of public streets in a classic grid complete with public infrastructure and amenities that support the case for public/private partnership 
  • public plazas were completed that provide the community with a civic gathering spot, and that include large windows in adjacent stores - this in an effort to add visibility and transparency between the public and private space 
  • features wide sidewalks and narrow roads that encourage walking and slower traffic 
  • the project has one of the country’s largest solar panel systems (8,000 solar panels generating 20% of the site’s energy needs) and almost 88% of the site's materials were recycled or reused from the former mall site, 
  • includes housing that was constructed in the American mercantile style that reflects Denver’s architectural history

May Map
Site Plan for the Plaza at Belmar
Mixed-use buildings and public plaza
make up the core of the Plaza at Belmar 

Malls were struggling and the development community responded
The issue is widespread. The NY Times reported in 2011 that of the 1,100 enclosed regional malls in the United States, a third have experienced reduced sales and increased vacancies and a third are in financial distress. All-in-all that is a lot of real estate, much of which is in first-ring suburbs. Fast forward four years and many of those malls are being retrofitted and given urban face lifts. 

Suburban retrofitters are beginning to understand the need to honor the human scale, making it less about the car and more about the person. Under performing parking lots are being reduced in size, given bioswells for runoff, additional landscaping and more sidewalks for increased pockets of walkability.  The idea is to bring the city to the suburbs. Many cities - San Antonio, Memphis, Portland, Miami to name a few - have adopted New Urbanist principles that are in line with suburban mall retrofitting. Commercial districts see opportunity as well to create main street centers in new or converted developments to continue position themselves with the market. As Nielsen reports, cities are ideally wanting to attract not just Millennials but Millennials with higher median incomes that are settling down but desire the urban feel and amenities. The trend towards suburban retrofitting fits nicely with the interests of Millennials. 

Financing is always a consideration when discussing a large-scale retrofit and a successful example was seen with the Mueller Development, home to former Robert Mueller Municipal Airport, in Austin, TX. Catellus Development Corp was responsible for building the infrastructure of streets and utilities upfront, while the city retains landownership until vertical development takes place, relieving Catellus of carried land costs and allowing development of individual parcels to proceed incrementally to meet market demand. This has allowed the development of Mueller’s downtown core to come after the residential and internal demand was created.

Wednesday, April 8, 2015

“Edge Cities” Grow Up

The new Tysons Corner skyline gets an update with a residential tower.
In 1991, journalist Joel Garreau published his seminal book, Edge Cities, which described places like Tysons Corner, a former country cross roads that grew into the quintessential automobile-oriented suburban shopping center and office park surrounded by traditional suburban single family homes. Today, Tysons is one of many former riding the wave back towards mixed-use downtown's, according to Shopping Centers Today (“Living Above the Store”, SCT April 2015). This trend is being led by millennials and baby boomers who want urban places to live, work and shop. According to a 2014 Nielson Report , “Millennials are fueling an urban revolution looking for the vibrant, creative energy cities offering a mix of housing, shopping and offices right outside their doorstep.” In fact, 62% of millennials “prefer to live in mixed-use communities found in urban centers.”

Shopping mall developers are increasingly responding to this growing demand by growing the commensurate supply of mixed-use projects that include a residential component. Both Macerich and Simon Properties, two of the largest mall developers in the nation, are adding housing to projects in their portfolios. Macerich recently added a 430-unit residential tower to Tysons Corner mall and Simon is adding a 319-unit mid-rise luxury building at its Phipps Plaza Property in Atlanta. Simon has also added 232-units to its Southdale Center mall in Edina, Minnesota. Downtown's and urban places are clearly the inspiration for these former Edge cities.
Skyview Center and Skyview Parc in downtown
Flushing, Queens, a combined mall/apartment building 
But if you think this is just a suburban trend, think again. Downtown Flushing, Queens, NY is home to the Shops at Skyview Center a $1 billion dollar project that is home to an 800k mixed-use, multi-level shopping center with stores like BJ’s, Nike Clearance Store, Forever 21, Target and Nordstrom Rack. Above Skyview Center is Skyview Parc – a luxury apartment building that is luring an international crowd of buyers (many Chinese) to some of the area’s most pricey apartments (the average apartment sells for over $700k). The project also offers a four acre landscaped park on the roof of the mall with walking trails, playgrounds, a dog run and picnic tables. Nice place to live if you can afford it…