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Miscellaneous

Another dead parking lot?

IMG_9154.jpeg


Yes. 😎
 
The retail world is still going through dramatic shifts and Architects, Planners, and Designers need to catch up to the winds of change, not to mention that potential retailers and hospitality providers need to gain acute awareness of business needs:
1. an in-store plan that includes appropriate entertainment aspects that draw shoppers/eaters out of their comfortable home environments
2. the adoption of tiered pricing that discounts in-store shoppers/diners and has add-ons for delivery, returns, and customization
3, the development of an easy-to-navigate website that highlights in-store advantages but that also makes internet shopping accessible and easily implemented
4. the development of a community network and active membership therein that creates a "union" with other retailers and eateries
5. niche focus
Developers need to change the way that they market retail and hospitality space with a much larger effort placed on pre-leasing design so that the above elements are more easily achieved -- no more developing "raw space" that can be demised in any which way, hoping for a positive outcome (the result of that lack of effort nearly always leads to vacant space over a long term.
 
The retail world is still going through dramatic shifts and Architects, Planners, and Designers need to catch up to the winds of change, not to mention that potential retailers and hospitality providers need to gain acute awareness of business needs:
1. an in-store plan that includes appropriate entertainment aspects that draw shoppers/eaters out of their comfortable home environments
2. the adoption of tiered pricing that discounts in-store shoppers/diners and has add-ons for delivery, returns, and customization
3, the development of an easy-to-navigate website that highlights in-store advantages but that also makes internet shopping accessible and easily implemented
4. the development of a community network and active membership therein that creates a "union" with other retailers and eateries
5. niche focus
Developers need to change the way that they market retail and hospitality space with a much larger effort placed on pre-leasing design so that the above elements are more easily achieved -- no more developing "raw space" that can be demised in any which way, hoping for a positive outcome (the result of that lack of effort nearly always leads to vacant space over a long term.
I'm trying to figure out what you mean with the statement about developers not '...developing "raw space" that can be demised in any which way...' Are you assuming developers need to start building out their spaces to attract tenants?
 
^ Not at all. Developers do need to decide on a direction for their lease-ups (you should know because Beljan has always had a good handle on this) whereby they focus on a market direction. So many podium retail components of high-rise developments on the other hand are just raw spaces often not even serviced for a retail or hospitality client. ICE district is a good example of a bad example of this -- banks taking key lease spaces next to what I would call "impulse hospitality" and retail hardly has a chance in that milieu. So often developers try to sell foot-traffic as opposed to theme scenarios not cognizant that theme character impels foot traffic not the other way around.
 
Not sure if YEG had a sandwich HO, but if we do, it’d be Mr.Sub…..only national sandwich chain this country produced. Remember we had a Blimpie at one time? In the SBUX on 104th by the Sync apartment building - early 2000’s….didnt last long.
 

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