The Future of Retail in Lebanon

LIFE STYLE SHOPPING CENTERS

Lifestyle centers are defined by ICSC as a “specialized center that has upscale national-chain

specialty stores with dining and entertainment in an outdoor

setting.”

They are “multi-purpose leisure-time destination, including

restaurants, entertainment, and design ambiance and amenities such as landscaped fountains and street furniture that are

conducive to casual browsing.”

International Council of Shopping Centers

LIFESTYLE SHOPPING CENTERS DEFINITION

Wikipedia ISC

Santana Row - San Jose

LIFESTYLE CENTERS: FOCUSED ON OUTDOORS, RETAIL & F&B

Maple Grove - Minnesota

San Tan Village - Phoenix City Walk - Hollywood Los Angeles

THE GROVE, LOS ANGELES – FOCUSED ON OUTDOORS

Located in Los Angeles, it is mainly an Outdoor Street Mall with a Market Place on one end

GLA 53,000sqm on 3 floors that include Retail and F&B distributed on a strip 220m long and 16m wide with a market place 40 m wide

Anchored with two Department Stores, 14 screens movie theatre, 15 restaurants and 40 retail stores.

Attractions include: fountains, kids club, farmers market, trolley car

SANTA MONICA PLACE – FOCUS ON RETAIL

Located two blocks from the beach and just steps from the Third Street Promenade.

GLA 53,000 sqm, it includes around 80 retail stores and F&B outlets on a strip 210m long and 20m wide.

Anchored by Santa Monica Arts Museum, a department Store and a food Market.

World only solar-powered Ferris wheel.

Sunset Dining Deck on the third level.

3rd STREET, LOS ANGELES – FOCUS ON RETAIL

The Third Street Promenade is an upscale shopping, dining and entertainment complex in the downtown area of Santa Monica, California

Street performers and entertainers are a frequent sight on the street.

Twice a week the Downtown Santa Monica Farmers' Markets offer the freshest produce from locally grown farms.

THE BEACH, DUBAI JBR – FOCUS ON F&B

Formed around a pedestrian esplanade between four distinct plazas and stretching from the existing Sheraton hotel right down to the Hilton Hotel in JBR.

Focused on Food & Beverage with 23,000sqm of Leasable space anchored by Movies theater, it includes 70 outlets.

High-quality architecture is combined with sophisticated landscaping integrating The Beach with its surroundings.

CITY WALK 2, DUBAI – FOCUS ON RETAIL AND F&B

An open-air scheme with special architecture.

GLA of 54,000sqm, it is anchored by two department stores, a large entertainment center and movie theaters.

High density residential area with very high traffic road.

EXISTING MALLS IN LEBANON

LEBANON MAJOR MALLS – ABC Achrafieh

The most expensive retail rental location in Beirut is the ABC Mall in Ashrafieh, at around $2,000 per sqm, 61 percent higher than the Middle East and Africa average of $1,223 per sqm. (2013)

LEBANON MAJOR MALLS – CITYMALL Beirut

LEBANON MAJOR MALLS – SOLIDERE SOUKS

Beirut rebuilt its downtown after the civil war. Now it’s got everything except people.By Hugh Naylor

LEBANON MAJOR MALLS – BEIRUT CITY CENTRE

Beirut City Center includes the country's first Carrefour hypermarket, the first Multi-screen VOX Cinemas and the first Magic Planet family entertainment center.

LEBANON MAJOR MALLS – LE MALL DBAYEH

Launched by Azadea Group, Le Mall is anchored by Decathlon, Cine Mall and Inditex stores.

LEBANON MAJOR MALLS – CASCADA MALL BEKAA

Cascada Village is the first mixed development project that combines an indoor Mall of 70,000 GLA anchored by Carefour Hypermarket, a large entertainment center and many Outdoor activities including F&B and Retail.

New malls opening in the Greater Beirut Area

FUTURE MALLS IN LEBANON

MALLS UNDER DEVELOPMENT – ABC VERDUN (Fall 2017)

The property will include 175,000 sqm of built-up area, of which 50,000 sqm of gross leasable area. It will host shops, restaurants, and family entertainment destinations, along with 10,000 sqm for an ABC Department Store.

MALLS UNDER DEVELOPMENT – SPOT C CHOUEIFAT (FALL 2016)

GLA 46,000sqm on 5 floors

Anchored by Spinneys, Movie Theater and Amusement Center

Car park of 1200 cars

MALLS UNDER DEVELOPMENT – BAABDA OUTLET MALL (Fall 2016 phase 1)

With the decrease in purchasing power, consumers are going after discounts.

The first Outlet Mall to be launched in Lebanon with 10,000sqm GLA including one Anchor store and 70 outlet stores and F&B concepts.

Terraces with F&B outlets and a premium Children Zone will also be included.

LIFESTYLE SHOPPING CENTER – BAABDA CITY (under study)

With 50,000 GLA, it includes an outdoor strip 250m long and 20m wide with the center plaza 100m long and 32m wide.

It is anchored by an Outlet Mall, a Department

Store and a 14 screens Cinema.

Food Market and many F&B outlets including a Food court and Sunset bars overlooking Beirut.

“We used to build civilizations.  Now we build shopping Malls” (Bill

Bryson)

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