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Transit-Oriented Retail Takes Center Stage

LAS VEGAS-Leading public and private sector experts call transit-oriented development one of the most important trends of the era.

By Eric Peterson | Updated on May 20, 2008

LAS VEGAS-Leading off a discussion on transit-oriented development, or TOD, noted urbanist Chris Leinberger termed it “one of the most important trends of our time. It is a structural shift in development,” he told ICSC REcon attendees.

Specifically, it’s part of a larger trend that has seen retail development move away from the standard enclosed mall or community strip, and toward such things as lifestyle centers and mixed-uses. “It’s the biggest structural change since the 1950s,” said Leinberger, who is a visiting fellow at the Brookings Institute and a professor at the University of Michigan.

His message, specifically in terms of TOD, was that, “for the built environment, the pendulum is swinging from drivable suburban projects to walkable urban projects. It’s tied to market demand: People want much of their daily needs met on foot.” One target market: The growing number of households that don’t have children, created in part by the aging of the baby boomer generation.

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