Enclosed Shopping Centers
To be eligible for this module, 75% of the building’s use must meet the Enclosed Shopping Center Module definition listed below (25% can be dedicated to other usage).
Enclosed Shopping Center: Refers to a retail property that is planned, built, owned and managed as a single entity, comprising commercial rental units (CRU) and common areas, with a minimum size of 10,000 square feet (GLA) and a minimum of three CRUs. On-site parking is also generally provided.
Enclosed Shopping Center types include but are not limited to:
- Regional Mall: The GLA for this Center varies between 400,000 and 799,999 square feet. Its main attraction is generally the combination of anchors. A Regional Mall is usually enclosed with an inward orientation of stores connected by common areas/walkways or “malls,” flanked on one or both sides by various entrances. It could be multi-levelled with escalators, stairs and elevators between levels. Off-street paved parking surrounds the outside perimeter. It may be surface or structured and there may be outparcels or pad store locations.
- Super-Regional Mall: Center similar to a regional mall, but larger in size (GLA over 800,000 square feet) and with a more extensive offering of anchors and/or destination retailers. Super-Regional Malls are often situated on mass transit lines (e.g. subway, LRT, bus) and along major highway corridors.
Definitions sourced from the ICSC Shopping Center Classification and Characteristics.