Allison M. Mackey, APR’s Post

On November 2nd at the State of Downtown event at the The City Club of Cleveland, Downtown Cleveland Inc. released their Downtown Cleveland Retail Strategy with the help of Streetsense, a New York City based consulting firm. The 15 point revitalization plan includes retail attraction and retention, public realm improvements, and marketing, promotion and activation that put a special focus on the hubs and connectors of downtown including the Gateway District, Warehouse District, the East 9th St. bridge, Euclid Ave.,and Huron Rd. The plan includes establishing a night market that caters to visitors and residents through an expansion of downtown offerings. According to the plan, “Night markets offer low barriers to entry for small, often undercapitalized businesses while giving them an opportunity to develop a following that might support moving up to a brick-and-mortar space.” Recently, The Land caught up with two small downtown retailers to find out what they thought of the plan, how their businesses are going, and what’s next for them and downtown retail. Read more of this story by community journalist Rachelle Miller:  https://lnkd.in/e3uFJMJQ #theland #thelandcle #thelandcleveland #cleveland #cle #downtowncleveland #downtown #clevelanddowntown #downtownclevelandbusinesses #downtownretail #downtownclevelandretail #downtownclevelandretailers #clevelandbusiness #clevelandbusinesses #smallbusiness #smallbusinesses #clevelandsmallbusinesses #communityjournalism #communityjournalists #pandemicshutdown #downtownclevelandbusiness #clevelandgatewaydistrict #clevelandwarehousedistrict #thelandcommunityjournalism

North Town Center, SOLD for $24.65 Million. A grocery-anchored shopping center with 115,000 sf located at Stratford CT is one of the most desirable shopping centers in the area, given the positioning within the submarket. Totaling 115,000 s/f, North Town Center is 93% occupied by a mix of local and national retail tenants. The asset has been anchored by Big Y since 2008 when the grocery took occupancy and has historically performed well. As a testament to the asset’s viability, Town Line Liquors and Town Fair Tire have operated at this site for over a decade and XGolf recently executed a long-term lease. North Town Center fills a significant void in the retail market that is triangulated by three major highways – CT-15 (Merritt Pkwy.), CT-8 and I-95. This confluence of roadways allows the asset to draw from a trade area that stretches into the communities of Trumbull, Stratford, Shelton, Milford and Bridgeport. Evidence of this geographic draw, the immediate area includes a number of category leading retailers. https://lnkd.in/gKsUcXyH #soldproperty #property #investment #building #retailcenter #shoppingcenter #milliondollarbuilding #realestate #industrialrealestate #industrialrealestateupdates #investmentproperty

For years, retailers have flocked to set up shop in “it” neighborhoods in New York City. Before the #pandemic, as well as during the first couple years of its recovery, #Soho and #Nolita reigned supreme, with Valentino, Wilson Sporting Goods Co. and Vuori all opening stores there. #Williamsburg has also been buzzy among #DTC businesses, thanks to its chic cafes, thrift stores and waterfront views. Now, tides are shifting, and brands of all types and sizes — not just high-end ones — are making the move to #Midtown. Much of this is due to a major revamping of Rockefeller Center, which encompasses six square blocks. All in all, it’s a promising sign for the continued post-pandemic recovery of New York City, one of retail’s biggest markets and a major business capital. Read more: https://buff.ly/4aBhrPp

The latest issue of Shopping Center Business is here! Take a look at all the developments happening in the retail industry! Developing Communities Vestar is on top of the Phoenix market, developing several large-scale retail centers to satisfy the demands of growing communities. Randall Shearin, featuring Jeffrey Axtell, Vestar Development Co. Filling The ‘Hole in Atlanta’s Heart’ CIM Group is replacing downtown Atlanta’s Gulch site with $5 billion mixed-use destination Centennial Yards. John Nelson; insights from – Brian P. McGowan, Centennial Yards Company; & Nick Garzia, CIM Group. North Texas Emerges as Entertainment Magnet  From rampant growth across all segments of the population to simple cultural preferences, operators have ample incentive to penetrate and expand in this region. Taylor Williams; insights from - Matthew Rosenfeld, Weitzman; Gene Ball, Electric Shuffle USA; Amy Nott, JLL; John Day, Venture Commercial; Tim Henson, Venture Commercial. Revitalizing Jacksonville’s Waterfront RiversEdge, a mixed-use project built in a public-private partnership model, will invigorate an underutilized area along the Southbank of the St. Johns River in Jacksonville, Florida. Randall Shearin; insights from Ramiro Albarran, Preston Hollow Community Capital; Ralph Conti, RaCo Real Estate LLC Advisors. Placemaking Is at The Heart of Retail Redevelopment Projects Owners are incorporating new uses and tenants that help foster an environment where consumers want to linger. Kristin Harlow; Patrick Gillespie, Gillespie Group; Scott Miller, Drake Development, LLC; Eric Leibowitz, CASTO; Stephen Fluhr, Unibail-Rodamco-Westfield (URW). Growing Presence Rappaport continues to grow its retail tenant representation, development and management business in the bustling Washington, D.C.-Maryland-Virginia market. Randall Shearin; Henry Fonvielle, Rappaport Continue reading, this is only a THIRD of great stories in this issue 👇 https://lnkd.in/gCPFB_Hm #realestate #CREv #retail #development

The most sustainable building is an existing building and adaptive reuse allows what’s old to be new again.