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Caption: Map of UIUC (2004) (Campus Retail Assessment)
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University of Illinois at Urbana-Champaign Section IV – 5 Currently, the market lacks most of the better retailers that have become occupants of lifestyle centers in recent years. Lifestyle centers, a new retail format, are growing in popularity nationwide because they provide an open-air setting that takes the form of a streetscape and, unlike a community or strip center, are often inward facing. They typically include gathering places, such as landscaped areas and courtyards, as well as pedestrian walkways, parking and amenities, such as fountains. Often they have a mixed-use component (e.g., office, multi-family space) as part of their composition. For tenants, the physical layout is appealing, and occupancy costs including rent, common area maintenance and real estate taxes are lower than those in enclosed malls. Most recently, the life-style center has developed to take as much as 20 acres for 200,000 square feet and has been used to recreate town centers and downtowns where new communities have developed or grown. Note: The rendering is an example of a lifestyle center, The Avenue Viera in Viera, FL. The photo and site plan are for The Avenue Peachtree City in Atlanta, GA. Rendering of a Lifestyle Center – The Avenue Viera in Viera, FL Aerial Photo – The Avenue Peachtree City in Atlanta, GA Jones Lang LaSalle Site Plan - The Avenue Peachtree City in Atlanta, GA
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