How are shopping centers adapting to the new retail landscape? Experts from ULI’s Commercial and Retail Development Councils discuss the future of shopping malls, changing consumer preferences, strategies for replacing vacant department store buildings, the challenges of adding nonretail uses to malls, competition from online retailers, and other trends.
I do not believe for one minute that the mall is dead. Yes, the 75-year-old concept of a “big box with lots of smaller boxes inside” is surely headed in the direction of the buggy… Read More
Consolidation can make merged grocers more credit-worthy. It can also leave behind hard-to-fill anchor spaces.
At ICSC’s New York Dealmaking, developers and retailers seek new formats and try to determine how brick-and-mortar can thrive against the online onslaught.
The facilities are located throughout the midstate.
1. DITCH THE PAPER, DO DIGITAL: Rising paper costs and decreased customer usage makes going paperless a “no brainer” for your shopping center. Shoppers like receiving messages about retailer sales, upcoming events and safety information on their smartphones, tablets and digital devices. Embrace the opportunity to dump the paper flyers, and enable your centers withRead More
Retailers across the nation are rightsizing their bricks-and-mortar stores, driven by several factors, including omni-channel, showrooming, improved inventory management and the desire to expand into urban environments.
157 million Americans are expected to celebrate Halloween this year. For some, that might mean trick-or-treating, while for others, carving a pumpkin, or going to a costume party might be their fav…
The explosion of proptech and fintech solutions is forcing shopping center owners to weave technologies within a cohesive digital ecosystem. Buy it or build it — what’s the best path? Owners and managers are taking different approaches.
Digital...
— By Bob Kane, director with Franklin Street — In the 15 years I have represented national, regional and local retail and restaurant groups expanding throughout Georgia and Alabama, I have gained valuable insights into important deal terms that are often…
If you’re like many retail landlords, you have an “ideal tenant” in mind for the vacancy that just popped up in your shopping center
With all due respect, however, your perspective a likely off the mark. That’s not to say you don’t know your property. Undoubtedly, you know it better than ANYONE.
But knowing your property isn’t the same thing as understanding…
== > How these tenants synergize with your existing tenants
== > Area residential / daytime population and average annual household…
Halloween comes only once a year, much to the disappointment of costumed, candy-hoarding kids — and much to the relief of their parents. For years, retailers and mall owners would’ve largely sided with the kids: Halloween brings increased sales, but only for one month a year and only for certain kinds of shops. The retailRead More
That’s a VERY smart decision
Whether you’re a busy professional who owns retail properties as an investment, a seasoned investor looking to scale back your involvement, or a beneficiary who has recently inherited a shopping center, the benefits of professional property management are many
From specialized accounting to maintenance and property vendor oversight, to tenant relations management – hiring a property management firm takes a tremendous…
According to ICSC, 64 percent of retailers will open new stores in 2019. But it’s the downfall of mediocre retail . Tenants need to see the data, customers need to feel a sense of shared values and community before making purchasing decisions. But how can average shopping centers step above medi
If virtual reality becomes widely adopted, it will require a major expansion of the world's networks and data centers.
The virus, transmitted by mosquitoes, has been spreading around the world since 2015.
Lifestyle centers were the stars of the retail development universe in the 2000s. Shoppers flocked to these properties, which typically featured a single-story, open-air design and upscale tenants. Since the recession, however, only a few of these centers have been built, and it’s unlikely that more of them will come out of the ground. Instead, developers are focusing their energy on larger mixed-use projects with some lifestyle center elements.
The Metropolitan in downtown Columbia, Maryland, includes a linear open space that serves as a “front porch” for eateries, retail, and services frequented by residents of the nearby apartments. (Image courtesy of Design Collective)
Streetscapes create a sensation of depth and charm that beckon to passersby. People are drawn to lush landscapes, open green spaces and great tree canopies. They feel welcomed in these spaces and…