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Large Standalone Retail
GLA: ~10,000 - 100,000+ SF
Trade Area: ~2 - 4 miles
Number of Tenants: 1 - 3 anchors
- Composed of a single lot
- Tenanted by an anchor or sub-anchor
- May include non-conforming retail uses such as car dealerships
Sherman Phoenix Marketplace
Following a site fire that resulted from civil unrest, the community identified a need for communal space to regenerate the neighborhood. Through public and private collaboration Sherman Phoenix employed four revitalization strategies to became that destination.
Leveraging four revitalization strategies
Given the extensive damage done to the building and its previous use as a bank, a complete rehabilitation was done to make Sherman Phoenix Marketplace a functional and welcoming space. Funding for the project was collaborative, comprised of funds from a collection of local philanthropists, business owners, community development corporations, and the government. These investors were provided the opportunity to become part owners.
