RMG 200 Chapter Notes -Gentrification, Dollarama, Traffic Flow

• School: Ryerson University
• Department: Retail Management
• Course: RMG 200
• Professor: Brent Barr

Document Summary

Development that combines several uses in one complex (eg. shopping centre, office tower, hotel, residential complex, civic centre, and convention centre) Land costs the same whether a developer builds a shopping mall by itself or builds an office tower over the mall or parking structure. Three to four times as high as regular mall stores. Rents are at least 20% higher than malls. Costs may be higher because inconvenient for workers, higher wages. Prime location opportunities for gold courses, entertainment spas and complementary retailers. Eg. department stores lease spaces t retailers such as sellers of cosmetics and fine jewelry or furs. Grocery stores have been experimenting with providers such as banks, film processors, and video outlets. The traditional downtown business area of a city or town. Shopping on weekends and evening is slow. Lack of planning (one street is upscale and another street is low income)