Unibail-Rodamco-Westfield U.S.’s Post

This retail transformation is empirical evidence that reimaging can create a financially successful project. We are proud to be a part of it. Go team.

As Kate King reported in The Wall Street Journal this week, top-tier shopping centers — like Macerich’s 43 top-quality properties across the country — reported record-high leasing volume last year. We believe that’s largely due to our strategy of listening to our customers and investing in what they want and need. At #Macerich, we know today’s shoppers want to touch, feel and see retail items before they buy. Just as important, our Regional Town Centers are properties with purpose: destinations where communities come together for entertainment, dining, fitness and fun.    We succeed by continually revitalizing our properties, viewing the changing retail landscape as an opportunity. For instance, the recently opened Scheels in a former big-box location at Chandler Fashion Center generates four times what the prior tenant did. Life Time Inc. is thriving at properties like Scottsdale Fashion Square (where membership sold out immediately) and Broadway Plaza. And with grocery, medical uses, coworking, hotels and residential uses, our properties are active from morning to night.    Floris van Dijkum, managing director, Compass Point Research & Trading, LLC, notes: “The good malls are thriving. If you have the capital to reinvest in your malls, that’s how you keep them vibrant and relevant.”    https://lnkd.in/dET2FhD8   #Macerich #WSJ #FutureofMalls #PropertiesWithPurpose #RetailRealEstate #ChandlerFashionCenter #ScottsdaleFashionSquare

Is the oldest mall becoming the newest? Southdale Mall in suburban Minneapolis is considered the oldest enclosed mall in the USA. With the addition of fitness, hotels, apartments, and luxury retail it is becoming a brand new mall. Check out this article from the Wall Street Journal to learn more about how Southdale Mall is transforming to meet the needs of modern consumers. #RetailTrends #CommercialRealEstate #ShoppingMalls

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

🛍️✨ Retail Building Ownership Chronicles! 🏬 Whether it's a cozy boutique or a bustling shopping center, owning a retail property is a journey filled with unique stories. Share your experiences or aspirations as a retail building owner below! 👩💼🛒 #RetailOwnership #RealEstateInvesting #ShopOwnersUnite

We hear a lot about the death of malls. It is true that some malls are struggling, but that's not because consumers have given up on physical places and spaces. Indeed, the view that people don't like shopping in person is largely nonsense. Malls that struggle tend to be those that have simply not evolved with changing consumer tastes and needs. As they've become dated, shoppers have found other places to take their business. It's interesting to read about how Simon Property Group is trying to correct this at Southdale Center in suburban Minneapolis. It is investing $400 million to transform the center with pickleball, luxury apartments, a hotel, new stores, co-working spaces, and more. As The Wall Street Journal puts it: the Southdale overhaul reflects big shifts in how Americans are going to the mall. https://lnkd.in/ew3GmXZ8 #retail #retailnews #consumption #malls

https://lnkd.in/gVf2X2Eg Inclusive Place of Pickleball Sports & Entertainment Inc. America's oldest mall is getting a new look: pickleball, luxury apartments, a hotel, and more. Owner Simon Property Group is investing more than $400 million is being invested into suburban Minneanapolis' Southdate Center. America's best malls are having a bit of a moment right now, in large part because of the durability of luxury retailers in the e-commerce age. While consumers may be spending less time in malls than ever before, they're still buying designer items in person. While the renovation is still in progress and the long-term payoff of the bet is unclear, Southdale Center is showing promising early signs of success with a full apartment building and a hotel that commands more than $200 per night during its busy season.

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.

In comparison to peer cities, Portland doesn’t have as much foot traffic. While it has a comparable amount of foot traffic to Sacramento, Portland covers a much larger area. On the other hand, cities like Seattle and Minneapolis have significantly higher foot traffic per acre in their more compact city centers. This means that, proportionally, more people are walking around, dining at restaurants, shopping at businesses, and adding to the vibrancy of urban life compared to Portland. As acclaimed urbanist Jane Jacobs stated, eyes on the street leads to safer and livelier neighborhoods. For more detailed insights, access the full report here: https://lnkd.in/gGcBfk_a

White Oak Music Hall cleared to move forward Marquette Companies has received final approval for a long-planned commercial development near White Oak Music Hall in Houston. The 20,000-square-foot retail project, part of the new White Oak District, will include bars, restaurants, and shops, and is expected to open by 2025. It will complement Marquette’s nearby six-story, 304-unit Tempo apartment complex, which will welcome its first residents this year. This area is fast becoming a hotspot with its mix of nightlife, outdoor activities, and proximity to downtown Houston. Marquette is actively recruiting tenants for the new retail space. The recent approval of the White Oak District commercial development is great news for real estate in the area. This project will enhance the neighborhood’s appeal with its blend of retail, dining, and entertainment options, making it an even more desirable destination. Real Estate nugget: As the area becomes a hotspot, property values are likely to rise, attracting both renters and investors. The addition of Tempo at White Oak, with its residential units and live-work spaces, provides a modern lifestyle option that caters to professionals seeking convenience and urban amenities. This development is poised to boost demand for nearby homes and investment properties, making it a prime area for future growth in Houston’s real estate market. #RelocateToHouston #HoustonRelocation #CorporateRelocation #RelocationExperts #MoveToHouston #HoustonLiving #TexasRelocation #RelocationServices #RelocationSpecialist #HoustonHomes #HoustonRealEstate #RelocationSolutions #RelocationCompanies #CorporateMove #NewToHouston #RelocationGuide #RelocationAdvisor #HoustonCommunities #CallTXHome #AskFrosy