Word: lakewood
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...There are already 93 such centers around the 20 largest U.S. cities, and at least 25 more on the drawing boards. The investments run high-$20 million at Chicago's Park Forest suburban development, $30 million at San Francisco's Stonestown, $100 million at Los Angeles' Lakewood. And an increasing number of big city department and specialty stores, sensing the trend, are building their own suburban branches...
...huge number of migrants poured into the state, big, new housing projects like that at Lakewood opened up (see cut). California's growth was more than in numbers; it was of a type that reflected a basic strength of the U.S. as a whole. Said one reporter after roaming the shopping district of one of the state's busy coastal towns: "At least 90% of the shoppers were young women. At least 90% of the women were mothers. And it seemed to me that at least 90% of the mothers had one youngster toddling alongside...
...shopping centers have drawn consumers' dollars even more spectacularly than they have the promoters'. Los Angeles' $100 million Lakewood Center, opened two years ago but only one-fourth finished, already rings up about $50 million in annual sales. San Francisco's Stonestown (see cut), one year old this week, is expected to gross $30 million annually by the end of next year. Not only do many of the stores average more business per square foot of floor space than their best in-town competition, but with 10-14% lower operating costs, they also net a much...
...Superintendent Ray Anderson of the First Baptist Church in Lakewood, Calif. stayed up a eucalyptus tree for 20 hours, until attendance...
...JAMES E. BOWES Lakewood, Ohio...