Evolution of Retail Space — From “Box” to “Third Place”
The Kyiv commercial real estate market is undergoing a profound transformation that extends far beyond simple commercial activity. The shopping and entertainment center (SEC) in 2025 has finally ceased to be a utilitarian “shopping box.” It has evolved into a complex, multifunctional social hub — the so-called “third place” after home and work, where architecture and design have become key tools in the competitive battle for visitors’ time, attention, and loyalty.
This evolution is taking place against the backdrop of a stable and dynamic market. According to Colliers Ukraine, in 2024 the average vacancy rate in Kyiv SECs decreased to 10.6%, which is one of the lowest indicators in the last decade. At the same time, rental rates for prime spaces stabilized at $60-70 per sq. m/month, demonstrating market confidence. These economic indicators create a favorable foundation for implementing new, even more ambitious and architecturally expressive projects.
Modern SECs in Kyiv are becoming full-fledged urban dominants that shape the architectural face of entire districts. Global trends find their unique embodiment here:
- Retailtainment: Deep integration of entertainment components (cinemas, amusement parks, educational spaces) directly into the SEC structure.
- Biophilic design: Active use of natural elements — living plants, natural materials, water, and daylight — to create a healthy and psychologically comfortable environment.
- Sustainable development: Increased attention to energy efficiency and environmental friendliness, confirmed by international BREEAM certification.
- Technology integration: Use of media facades, interactive installations, and digital solutions to create unique user experiences.
This ranking is an attempt to analyze the best SECs in Kyiv from an architectural and construction perspective. We evaluate not only commercial success, but also the boldness of architectural concepts, innovation of engineering solutions, design quality, and the object’s contribution to the urban landscape. From revitalization of historic buildings to creating futuristic “cities within cities” — each of these projects is a bright testament to the maturity and European level of contemporary Ukrainian architecture.
Table: Comparative Characteristics of TOP-10 SECs in Kyiv by Architectural Parameters
№ | SEC Name | Architectural Bureau | Opening/Renovation Year | Total Area (GBA, m²) | Key Architectural Concept | Awards/Certification |
---|---|---|---|---|---|---|
1 | Respublika Park | Chapman Taylor | 2021 | 300,000 | “City within a city” with living park under roof | BREEAM, “SEC of the Year” (RAU Awards 2023) |
2 | Blockbuster Mall | AVG Group | 2019 | 245,000 | “Retailtainment” hub with dynamic media facade | “Best Large SEC” (CP Awards 2021) |
3 | River Mall | Chapman Taylor | 2019 | 140,000 | Integration into waterfront landscape, panoramic views | “Best Large SEC” (URE Club 2019) |
4 | Lavina Mall | AVG Group | 2016 | 127,000 | First “super-regional mall” in Ukraine with amusement park | “Best Large SEC” (CP Awards 2018) |
5 | Ocean Plaza | KAN Development | 2012 | 165,000 | Iconic design with aquarium and media facade | “Best SEC” (MAPIC Awards 2013) |
6 | TsUM | Benoy (reconstruction) | 2016 (reconstruction) | 45,000 | Revitalization of historic architectural monument | “Reconstruction of the Year” (CP Awards 2016) |
7 | Gulliver | “Creative Architectural Workshop A. Pashenko” | 2013 | 151,000 | Multifunctional skyscraper, vertical dominant | “Best Multifunctional Complex” (CP Awards 2014) |
8 | Dream (Town/Yellow) | “Creative Architectural Workshop A. Pashenko” | 2009 / 2011 | 160,000 (total) | Thematic design (“Greece”, “China”, “Hollywood”) | “Best SEC” (CP Awards 2011) |
9 | Retroville | Stolitsa Group | 2020 | 120,334 | “Lifestyle center” with large green zone | “Best Large SEC” (RAU Awards 2021) |
10 | Cosmopolite Multimall | (Reconstruction) | 2016 (rebranding) | 105,000 | Revitalization of industrial facility (“Bolshevik” factory) | “Best Medium SEC” (CP Awards 2017) |