A new report from ULI Europe and JLL finds that food and beverage (F&B) and leisure offerings are essential to the success and future competitiveness of shopping centers. The report finds that retail sales in a sample of shopping centers analyzed for the study increased by 6.2 percent in the previous 12 months with the addition of leisure and F&B, with retail sales per square meter growing by 1.2 percent over the same period.Read More
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.
Speaking at the 2016 ULI Fall Meeting, John McNellis, partner at McNellis Partners, a northern California–based developer, shared part of his perspective, as captured in his book, Making It in Real Estate. For those looking to get into the real estate business, McNellis advised trying to take a 20-year approach to your career.
U.S. retailers and their landlords are embracing the pop-up phenomenon in different ways to meet specific goals, speakers said at the ULI Spring Meeting in Philadelphia.
It could be a bumpy first half of the year for retail real estate: Despite continued improvement in key fundamentals and a strengthening U.S. economy, the retail sector is bracing for a bigger shake-out in store closures in the next few months.
Grocery-anchored shopping centers have long been a highly desirable investment due principally to the nondiscretionary nature of purchases made there by consumers. But changes in grocery formats and shoppers’ habits could shake up the way space is used.
In Rotterdam, a fast-food tenant replaces an obstructive kiosk in a prominent location with a simple glass box that draws people—and sunlight—in.
A planner and an architect develop an international marketplace on a commercial strip in the middle-city area of Boise, Idaho.
Though they pose unique development challenges, authentic, locally focused food vendors create unique experiences.
An unloved, enclosed downtown shopping mall is being opened up to create a “Rockefeller Center” for Los Angeles. The centerpiece of the project is an upscale 400,000-square-foot (37,000 sq m) outdoor shopping, dining, and entertainment district.