Retail and Shopping Center Developers Key Terms
Understand retail and shopping center developers key terms to optimize professional communicationsKnowing retail and shopping center developers key terms is essential for any business person planning to build or design a new retail venue. Understanding the terminology helps one understand the legalities involved in the venture.
An understanding of retail and shopping center developers key terms helps a business owner convey to architects and builders exactly what they want. It demonstrates an extra sense of professionalism, which benefits both the business owner and the developer.
Brownfield sitesBrownfield sites is a term referring to previously developed sites, which businesses purchase for reuse or conversion. Sometimes developers demolish these buildings to design updated retail and shopping centers.
United States Environmental Protection Agency offers a detailed description of Brownfield sites on its website. It also links to other sites offering resources for grants and funding.
Development opportunitiesRetail and shopping center developers look for development opportunities, which are areas and sites within a city that are open for new development. Sometimes these sites are vacant, and sometimes they hold properties with buildings that are no longer in use.
Single, large amenity siteA single, large amenity site is a large site providing high-quality space and an ideal environment for a business user.
Retail floor spaceRetail floor space refers to all the areas used for retail purposes. It includes all of the floor space used for retail in addition to the space used for staff facilities, storage and food preparation. It does not factor in parking.
Urban design strategiesSite developers use the term "urban design strategies" as a spatial expression of policies for urban design, which generally include cities and towns. The urban design strategies provide a context for more clearly defined briefs and frameworks.
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