Retail/Entertainment
Sullivan Center is a complex of nine historic structures in downtown Chicago that have been renovated and repositioned for modern uses.
In nearly every way, the Englewood neighborhood on the South Side of Chicago does not fit the standard definition of a Whole Foods target market. And yet the high-end grocer announced this week plans to open a store there in 2016, having also opened a new store recently in midtown Detroit.
Some retail owners have been able to turn their fortunes around by launching massive remodeling programs, adding new features, tweaking their tenant mix, and altering their marketing strategies. But sometimes the best choice is to simply tear down the building and start over.
Fighting back at online retailers, shopping venues focus on the intersection of needs and desires.
America’s 80-million-strong generation Y, the most tech-savvy generation yet, has not forsaken shopping in stores for online purchasing, says a new ULI report released at the Spring Meeting in San Diego.
Even if the storefront occupants are only temporary, orchestrating the right mix of retail and residential tenants helps give a redevelopment a certain vibe.
Cities in developing countries are drawing on the power of widely recognized retail brands – particularly big box retailers such as Target and Walmart.
Urban parks provide a competitive advantage for most forms of real estate—and the bump in value is measurable.
A commercial real estate crisis in the U.S. is looming over the next two to three years, as at least $1.5 trillion in commercial mortgage debt issued over the past decade becomes due, said industry practitioners speaking at the National Association of Real Estate Editors conference in Denver.
