The Jersey City Summit by roundtable&advisory’s Post

Wendy Seher, EVP, Eastern Region President at Federal Realty, delivered valuable insights at the Bisnow National Retail Conference in NYC last week. Here's what she had to say about the current and future landscape of retail real estate: ⭐ Surge in Tenant Demand: Leasing activity and occupancy levels are at unprecedented highs, especially in high-quality retail properties. Our portfolio's performance reflects this strong demand for premium retail spaces, underscoring the vibrant health of the sector. ⭐ Mixed-Use Success: Our mixed-use properties, including office spaces, are experiencing high demand. As companies redefine their office needs post-COVID, they gravitate toward highly amenitized environments. Not all office spaces are created equal, and our thriving centers highlight this trend. ⭐ Strategic Acquisitions: We are focusing on market consolidators while remaining format-agnostic. The recent purchase of Virginia Gateway, a major retail hub in Gainesville, VA, known for its strong tenant performance and limited competition, exemplifies this strategy. Our leadership continues to shape the national conversation on retail real estate. Stay tuned as we drive innovation and growth in this dynamic sector. #RetailRealEstate #InvestmentTrends #MarketInsights #CRE #RealEstateDevelopment #FederalRealty #IndustryLeadership #BisnowConference

☕️ Bluestone Lane emerged from a desire to create a community oriented coffee shop. ☕️ So, Founder, Nick Stone left his banking career to embark on bringing an authentic Australian coffee shop vibe to the bustling streets of New York City. Currently at 60 locations, they have their sights on 80 locations by the end of 2024. Bluestone Lane has leaned into a few brand pillars when executing their commercial real estate strategy! 🤝🏻 Social Connection: At Bluestone Lane, it's more than just a cup of joe. It's about fostering connections and warm welcoming vibes. 🏙️ Urban to Suburban Growth: With a strategic focus on urban city centers, Bluestone Lane's growth trajectory took a hit during the pandemic with only 14 locations left open. But with resilience and adaptability, they're bouncing back stronger and scaling in suburban areas. 🐶 x ☕️ Branded Collaborations: Bluestone Lane isn't just a coffee shop; it's a lifestyle brand. Through creative collaborations with orgs like Forma Pilates, The New York Times, and BARKBOX, INC., they're curating real-life experiences for customers. This week’s emerging brand is Bluestone Lane! Check out their strategic real estate expansion story. Hit the 🔔 to follow along for weekly segments on Emerging Retail Concepts you need to know. #retail #emergingbrands #retailrealestate #coffee

Downtown revitalization is a common theme for cities looking to drive economic and community growth, and Olathe, Kansas, is no exception. According to Olivia Acree, KSHB / KMCI / The EW Scripps Company, as the city partners with Retail Strategies to implement its Elevate Olathe plan, the goal is to transform the area into a vibrant retail and restaurant hub. Business owners like Douglas Frick of Park Street Pastry Company have been anticipating this kind of change for years, hoping for more traffic and activity during business hours. Investing nearly $50,000 in consulting services might seem steep, but as Jenn Gregory, President of Downtown Strategies, points out, it’s a key step toward “locking arms” with city officials to jumpstart real progress. However, a major concern for local businesses is whether these efforts will truly drive meaningful foot traffic. Events are being hosted, but more retail and daytime business activity is needed to create a sustainable economic shift. The question remains: Will Olathe’s vision for a revitalized downtown align with the needs of its local businesses? Only time—and engagement with the community at the upcoming kickoff event—will tell. https://lnkd.in/gJdJhPzX #HalifaxWest #WinTogether #capitaladvisory #MandA #restructuring #operatingadvisory #DowntownRevitalization #UrbanPlanning #SmallBusinessChallenges #EconomicGrowth #CommunityDevelopment

"Incoming opportunities in the urban core bolster recovery downtown." What are your thoughts on the Pittsburgh retail market? Let us know in the comments, and count on us to keep you informed. Read the full report here: https://ow.ly/IIUn50RlkCU #UrbanCoreOpportunities #DowntownRecovery #PittsburghRetail #RetailMarket #RetailTrends #MarketInsights

🥘 🥔 🥑 Brixton Market… Cultural protection and appreciation of interior spaces. With the sad news of Brixton Market being put up for sale the conversation around cultural protection and appreciation of spaces seems very poignant. Once upon a time Brixton Market was a celebration of the diverse community, it was an inspiring place of interest that was influenced by colour, community and culture - a testament to the varied demographic in the UK. There are still some independent stores there that are carrying that baton, but it feels like its lost some of its heart compared to its heyday and is straying from its original vision and purpose. With gentrification never too far around the corner, inflated store costs and this economy – Brixton Market’s originality and spirit I fear is teetering on the edge. Hopefully with a new buyer comes fresh ideas and opportunities – I think it’s time for a shake up, a reinvention of sorts to deliver something truly unique and respectful. An ode to what was, that made it such a vibrant, bustling and buzzy place. A new buyer should spark excitement in people, but by the responses I’ve read people seem to be on tenterhooks because we’ve all seen this story unfold one too many times, so know the probable outcome. The ideal situation would be for some innovation and investment into the area to redevelop, whilst maintaining its authentic roots and character. Worst case scenario, and my fear is that the new buyer will welcomes stores that aren’t sensitive or aligned with the original vision and purpose of the scheme, because they won’t see the cultural significance. Or the approach taken on the freehold land is this copy and paste concept that isn’t appreciative or takes into account architecturally the buildings nearby - oh please not another soulless building with an overpriced coffee shop in the retail space. The sale of Brixton Market illustrates that without collaboration, compassion & innovation things can disappear. The high street is slowly fading away, a similar thing recently happened to the Manchester Markets. I’m all about embracing the future, but something that doesn’t sit right is pushing SME’s out to make money. Money clearly makes the world go round, but what about priceless experiences, education, culture and preservation? Fingers crossed the future developers don’t bulldoze these ideas and spare a thought or the world will certainly be less diversely rich. #brixton #brixtonmarket #culture #diversity #retail

Manhattan's Retail Landscape: Embracing Small Spaces! Exciting developments are reshaping Manhattan's retail scene, and I'm thrilled to share the latest insights! The supply of smaller storefronts hitting the market is on the rise, with a whopping 96.1% of newly added retail spaces measuring less than 10,000 square feet. 📈 This surge in compact retail spaces presents a golden opportunity for entrepreneurs and investors alike to make their mark in the heart of NYC. From charming boutiques to cozy cafes, these smaller spaces offer immense potential for creativity and innovation. Whether you're a budding entrepreneur with a unique concept or an established brand seeking expansion, now is the time to seize the moment and secure your spot in Manhattan's dynamic retail landscape. #ManhattanRetail #SmallBusinessOpportunity #RetailExpansion

When embarking on The Dead Rabbit's expansion, our initial choice, as many are aware, was New Orleans. However, our planned debut in NOLA failed to materialize due to a confluence of challenges. Yet, we leveraged this setback, a method I consistently apply to every obstacle, to thoroughly analyze its root causes and extract invaluable lessons to improve our decision-making process moving forward—or, to echo Samuel Beckett—“fail better.” This introspective phase prompted us to clearly define and articulate the essential requirements for The Dead Rabbit, both at the store and market levels, to maximize our chances of success. At the store level, we require operational footprints ranging from 5,000 to 10,000 square feet to accommodate our extensive back-of-house requirements and sufficient front-of-house spaces essential for revenue generation. After the New Orleans experience, our focus has shifted exclusively to second-generation stores to mitigate capital intensity or first-generation locations with adequate provisions for tenant improvements. Furthermore, every Dead Rabbit store must resonate with the architectural identity of its host market, exuding distinctive character and offering substantial street-level presence to effectively cater to our customer base and primarily situated in central business districts teeming with commuters, residents, and tourists. At the market level, our strategy centers on major American metropolitan areas, which I classify as 'Eater Cities'—prominently featured on Eater's platform and characterized by dense concentrations of our core customer demographics. These cities boast vibrant bar and restaurant scenes indicative of an appreciation for well-executed concepts. Additionally, we target markets with a robust Irish expatriate community and a thriving Irish pub culture, which, fortunately, with the strength of the Irish diaspora in America coupled with the ubiquity of Irish pubs, affords ample room for growth for our company. Tomorrow, I will delve into how Austin emerged as our preferred choice for The Dead Rabbit's inaugural location outside of New York, detailing the factors that led to this decision.

The October issue of Shopping Center Business has arrived — see what challenges are impacting the Atlanta retail market ⤵ Fundamentally Strong, But ‘Challenging’ Atlanta’s retail market is defined by high rents, strong demand and obstacles to both sales and development that have stymied activity.  By John Nelson; insights from — Steve Triolet, Partners; Leo Wiener, Ackerman & Co.; Henry Poer & Scott Tiernan, CCIM, SRS Real Estate Partners; Michael Phillips, Jamestown; Greg Eisenman & Len Erickson, Franklin Street; Jesse Shannon, Branch Properties LLC; Don McMinn, Marcus & Millichap.  Inside This Issue: Von Maur’s Remarkable Makeover Von Maur embarks on a $100 million renovation plan to redefine its department stores for a new generation — and reinvest in the 152-year-old company’s signature customer service.  By Katie Lee; insights from Melody Wright, Von Muar. Placemaking: The Secret to Success Texas’ latest developments feature a common thread: a sense of place.  By Burdette Huffman, The Blue Ox Group Read the issue: https://lnkd.in/e8Eq5ZXD #Retail #Atlanta #COmmercialRealEstate #CRE

🚇 New York City's underground retail revenue down from $72 million to $53 million. Only one out of 40 shops that opened at Columbus Circle's underground market eight years ago remains open today. Fulton Center is nearly empty, and vacancies line Port Authority and Rockefeller Center stations. The MTA reports nearly three-quarters of transit retail spaces are empty, worsened by the pandemic and remote work trends. This creates urban decay, with chained doors and for-lease signs, while homeless individuals occupy many vacant areas. Historically bustling, today's subway retail struggles. Leith Hill's Ellary’s Greens at Columbus Circle closed after a year, and many shops share similar fates. The MTA's retail revenue dropped to $53M in 2023 from $72M in 2019. Yet, hope persists. Evan Feldman's Doughnuttery remains open by focusing on catering and delivery. The MTA aims to revitalize spaces with grab-and-go options and utility upgrades. Resilience and innovation are key. Let's hope for a vibrant turnaround. 🌆🛒 #RetailChallenges #UrbanRevitalization #InnovationInTransit Photo by Ben Weber on Unsplash

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