Glossary Term Defined

Big box - A physically large retail establishment usually part of a chain. A big box occupant may be an anchor to a shopping center or a free-standing independent entity. Outparcel or pad tenant– A usually free-standing parcel, located on a separated or separable lot from the retail development. Enclosed mall – An enclosed mall has a walkway or mall that is enclosed, heated and cooled, insulated and lighted. The mall concourse is flanked on one or both sides by inward–facing stores. The configuration of the mall may vary, but on-site parking is usually provided around the perimeter of the building. Open air center or strip center or convenience center – Attached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may connect the storefronts, but a strip center does not have enclosed walkways. Life style center – Upscale national-chain specialty stores with dining and entertainment in an outdoor setting. Mix use development - A real estate project with a planned integration of some combination of retail, office, residential, hotel, recreation or other functions. It is pedestrian-oriented and contains elements of a live-work-play environment. It maximizes space usage, has amenities and architectural expression and tends to mitigate traffic and sprawl.