If something like that built in a smaller town, it surely "sucks life out" of the rest of the neighbourhood as most of commerce migrates into a place with better deal for rent/revenue.

There is a village called Sanmen in Zhejiang where the manufacturer of scooters I dealt with was located.

It was a rather big village, turning into an industrial town. The moment they got a nuclear plant, a ton more of industry moved in there.

A huge residential development with 40 highrise towers was built near the industrial park, and almost anybody of notable level of income in the village moved there, and all the commerce followed