A CBRE analysis of U.S. consumer spending and demographic patterns suggests significant changes for food-and-beverage operators and the real estate they occupy, including a greater push for convenient, prepared foods; a growing millennial influence; and the emergence of inner-ring suburbs as the industry’s hottest market.Read More
When events mega-company LiveNation approached Philadelphia design firm EwingCole about transforming the former Ajax Metal Company into a 3,000-person music venue and entertainment complex, it was a daunting proposition, said speakers at a recent ULI Philadelphia event which toured the site. Modeled off the iconic 1960s venue in San Francisco, Live Nation now operates six Fillmore-branded venues across the United States, with a seventh on the way in New Orleans.
Retailers are focusing their physical presences on offering excellent customer service and curation of products, said panelists at a ULI Colorado event in Denver. The event itself was held at the Dairy Block, an example of new retail projects that are animating both commercial and public spaces with experimental and experiential places for people to shop, eat, drink, be entertained, and find community.
With the convenience and increasingly experiential process of shopping online, how can retail stores and malls compete? Thriving brands are combining their online and brick-and-mortar experiences to keep foot traffic high and regenerating communities.
At the ULI Japan Spring Conference 2018, panelists discussed how Japan’s malls can reinvigorate themselves with culture and content. Retail in Japan has not suffered as badly as elsewhere from the effects of online shopping, but the industry is concerned that malls need to offer more to retain customers.
According to a survey by RCLCO, sentiments about the real estate conditions in the U.S. remain at a relatively high level, but slightly below where they were six months ago. Just over one-half (51 percent) of RCLCO’s Mid-Year 2018 Sentiment Survey respondents say U.S. real estate market conditions are moderately or significantly better today than they were 12 months ago, five percentage points lower than in the year-end 2017 survey.
A national developer transforms a faded Texas strip center into a mixed-use place around a central urban street.
Retail developers who gathered at the 2018 ULI Florida Summit talked about what is working and what isn’t, as they shift their focus to more entertainment and dining amenities combined with mixed use from the traditional strip centers of the recent past.
At a ULI Triangle event in April, representatives of North Carolina’s Capitol Broadcasting Company shared the firm’s plans to redevelop a historic cotton mill, ultimately shifting the fortunes of the town of Rocky Mount.
Berlin’s landmark luxury shopping center is being refreshed at a price in the hundreds of millions and with Rem Koolhaas at the helm.