Subscribe in NewsGator Online   Subscribe in Bloglines  

Study Abroad

Mar 1, 2009 12:00 PM, By Elaine Misonzhnik

Mixing and Matching

Providing a sufficiently diverse mix of uses also plays an important role in the success of a final project, according to Clark. For example, Development Design Group is currently working on Akkoza, a mixed-use development in Istanbul. When completed, the project will include not only four million square feet of residential space and more than 753,000 square feet of retail, but a hospital, several private schools, an amusement center, an open-air festival park, tennis and basketball courts and a fitness center, among other components. The project, which is being developed by the Turkish firm Garanti Koza, began construction in 2006.

Often, such diversity of uses springs from sheer necessity, according to Higgs. In many parts of the world developers don't have a large number of national or international retailers to choose from, so they are forced to work with a handful of established chains and populate the remainder with non-retail uses, including fitness centers, movie theaters, music and comedy clubs, libraries and, in some cases, health clinics. This variety often results in more dynamic centers offering residents and workers true convenience, architects say.

“A few residential units on top of a shopping center don't make a mixed-use center and they don't give you relevance,” says Clark.

Weaving entertainment and sports components into mixed-use properties provides a draw for additional traffic. At another of Development Design Group's upcoming projects in Istanbul, the firm will combine a 15,000-seat basketball arena for the popular Fenerbahce sports club with 269,000 square feet of retail and entertainment space, a 215,300-square-foot office tower and a 240-room hotel. The center is being designed in such a way that it will draw people every day of the week not only on game days, Higgs says. The sports arena can accommodate a variety of cultural events. Meanwhile, the retail component of the development will feature movie theaters and an Olympic-size swimming pool, as well as a family entertainment center.

Fenerbahce Ulker City is being developed by the Turkish Ulker Group and will open in 2010.

Reason to Hope

The good news for U.S. developers is that some of them have already begun adopting the trends outlined above. New York City-based Related Co.'s 2.8-million-square-foot Time Warner Center in Manhattan, for example, takes advantage of its location at a busy intersection in the heart of the city to lure both local residents and visitors from abroad, according to Clark. And Rasheed points to Atlantic Station, a 15-million-square-foot redevelopment project in midtown Atlanta, as a mixed-use complex that takes advantage of vertical integration in a city that is best known for its urban sprawl.

The trick going forward, however, will be trying to make such innovative projects the rule, rather than the exception, according to Zhang. “They've [foreign developers] practiced that for a long, long time. A lot of their development is very compact; it's mixed with hotel, residential and office components and it's very closely connected with the public transportation system.”


Acceptable Use Policy
blog comments powered by Disqus


Most Recent Story

http://nreionline.com/images/elaine_headshot.jpgTraffic Court Blog

Retail Traffic Photo Galleries

http://retailtrafficmag.com/photo_gallery/malls_thumbnail.jpgThe World's 10 Biggest Malls.
Emporis, a global provider of information on building data and construction projects, revealed the ranking of the world's 10 biggest malls, based on gross leasable area (GLA). It turns out nine of these malls are located in Asia, with the two largest located in China.

2011 SADI Galleries
The Superior Achievement in Design and Imaging (SADI) awards never fail to surprise-especially the Grand SADI winners. In this year's contest a department store, FRCH Design Worldwide's scheme for the Liverpool Polanco store in Mexico City, took home the top prize.

View more galleries.


This Week's Most Popular


Resources

Whitepapers

  • Is "Seniors" One Demographic Group?

  • Is "Seniors" on demographic group? In a word - no. Segmenting seniors by affluence, education, employment, lifestyle, and geography reveals vast differences in preferences and spending habits...

    View this Whitepaper Now

    NREI Current Issue

    Retail Traffic/NREI Newsletters

    Subscribe today to get the news you need and information you want from our e-newsletters. To preview the current issue click on the newsletter below. Subscribe Today!

     


    View Retail Traffic/NREI Newsletters

    Retail Traffic Online
    The Site Optimizer
    NREI Newsline
    Seniors Housing Finance and Development
    The Green Sheet
    NREI Institional Outlook
    Distressed Real Estate Strategies
    NREI Daily/Central
    NREI Daily/New York
    NREI Daily/New Jersey
    NREI Weekender
    REIT Insider

    More ways to stay informed



    Browse Back Issues