Plaza for sale in various cities Lahore, Karachi, Islamabad, Rawalpindi, and Gwadar of Pakistan. Ideal for Locating the best deal. A plaza is an urban park or square, or another public space where people can walk, sit, and congregate. You might, for example, tell your friend to meet you in downtown with the big horse statue. A public square, the marketplace, or similar open space in a built-up area. The plaza is lively in the evenings when the pavement cafes are full. A place is an open urban public space, such as a city square. a public square with room for pedestrians.mall, center, shopping mall, shopping center, shopping center mercantile establishment consisting of a carefully landscaped complex of shops representing leading merchandisers; usually includes restaurants and a convenient parking area; a modern version of the traditional marketplace. A good place should have a movie house, they spent their weekends at the local malls.