Strip shopping center, Falls Church Virginia
This image ran yesterday in the Washington Post, to illustrate a grab bag of earnings reports. One was of Federal Realty Investment Trust. In new urbanism circles, the company is known for the development of Bethesda and Santana Rows. However, because mixed use costs more money upfront for development, it takes a little longer to turn a profit. And the "Row" crew got forced out of the company, which is now back to focusing on strip shopping center development in the suburbs, usually anchored by a supermarket.
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Image credit: Courtesy of Federal Realty Investment Trust Caption: One of the many suburban strip shopping centers developed and owned by Federal Realty Investment Trust.
Index Keywords: sprawl
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