Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Monday, May 19, 2008

Understanding retail volume

The Grove, Los Angeles
Natasha Calzatti for The New York Times.

You don't really understand retail consumption until you visit a shopping center like The Grove in Los Angeles. (See "Only Your Money Is Not Pretend," from the New York Times for a description.) I thought that it had one of the country's biggest parking garages, but at only about 3,500 spaces, it's much smaller than any of the top ten (in the 9,000 to 10,000 car range).

According to The Slatin Report, The Grove has an average of 18 million customers/year, each spending $169 on average.

THAT'S over $3 Billion!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

It puts finding the volume of customers necessary to support a restaurant in a neighborhood commercial district in DC in perspective.

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