CAMP’s Post

Check out the next article in the series that Karen Meier wrote about regarding the Growth, Decline, and Rebirth of the American Mall in our Economic Development Navigator newsletter! It's a fascinating and very insightful read.

Congratulations to our partners at Colliers: Alexie Fonseca, David Gabbai, and Jeff Johnson! The Central Florida Commercial Association of Realtors has named the Winter Park Village renovation as their Deal of the Year. The CFCAR-CFCREA is the premier organization focused on commercial real estate, and they recognize the best of the best at their annual Hallmark Awards. “The Winter Park Village revitalization dates back to 2020, when the shopping center had nine vacancies and was struggling mainly due to the effects of the COVID-19 pandemic,” writes Tyler Williams for GrowthSpotter. “In collaboration with the property’s owner and developer CASTO, Fonseca’s team mapped out a plan to transform the location into a must-see destination with high-end retailers and restaurants. This resulted in a comprehensive renovation that included enhancements to the exterior of existing buildings, the construction of new buildings, an expansion of sidewalks to add more seating, and the addition of 'The Green at WPV', a space for live music, events, and festivals." While the renovation re-imagined how Winter Park Village looks and feels, the design team also concentrated on attracting a wider variety of age demographics and encouraging them to linger longer. By bringing in popular new retailers, restaurants, bars, and social spaces, the number of younger visitors increased, which also spurred a rise in average rents. Through the combination of thoughtful placemaking and programming, the average visitor spends roughly twice as much time at the property today compared to before the renovations. Read more about Winter Park Village’s award-winning story here: https://lnkd.in/eg3pSkPJ

Spotlight on Shopping Mall Redevelopment: A Month of Transformation Projects This month, Retown is excited to share inspiring shopping mall redevelopment projects from around the US and the world. These innovative projects breathe new life into underutilized retail spaces by transforming them into vibrant, mixed-use communities that meet modern needs. By integrating residential units, office spaces, entertainment venues, and green areas, these redevelopments can significantly boost local economies, provide much-needed housing, and create dynamic public spaces for community interaction. Careful planning and community involvement are crucial for the success of these projects. Engaging local residents and stakeholders in the planning process ensures that the redevelopment meets the needs of the community and addresses potential concerns. Thoughtful design and inclusive planning can help mitigate displacement and gentrification risks while preserving the cultural and historical integrity of the area. By fostering a sense of ownership and collaboration, these projects can truly become beneficial, sustainable additions to the urban landscape. We’ll explore these transformative projects, highlighting their successes and challenges, and consider how they can shape the future of urban and suburban living. #RetownRevision

When Country Club Plaza opened in the early part of the 20th century, it served the needs of well heeled Kansas City residents who enjoyed the good life... European styled buildings were tenanted with high end retail and food establishments. Important to success was the drive in convenience of cleverly designed parking structures for suburbanites who had the day to spend while their spouses worked in the Center City. Now CCP is in the midst of a repositioning led by the same ownership group that has had success with Highland Park Village in Dallas. Although the bones of the CCP development are sound (high quality architecture, incredible plazas and green spaces integrated into a tight(ish) urban grid), the demographics and with them, the behaviors of the current Kansas City market do not match what the district currently offers. Other areas of the city like Power and Light appeal to a younger demographic with urban housing formats and street oriented events. In affluent suburbs, high net worth couples have less interest in leisure shopping, and more in health and wellness and unique experiences. My advise to the new owners is to 1) change the public realm, the streets are way too wide and auto oriented. Encourage walking and biking by narrowing the streets and allowing other modes to have a chance to take hold, 2) create terrace dining and other semi public spaces that are elevated above or adjacent to, the elegantly designed public spaces already there. 3) integrate as much housing as you can get away with, which will create a constituency that self polices and provides energy, use some of the extra retail parking already there for the residences you integrate into the urban grid 4) recognize that you are a content provider, and use some of those parks and plazas as event spaces that attract interest throughout the week, months, and year. 5) create a wellness community with health care, cultural and educational resources in the core; 6) bring a hotel to the property with a rooftop terrace and other meeting spaces that are seen as common ground for both business and community interaction. 7) take advantage of Brush Creek as an amenity that connects to CCP with services for runners, walkers, and cyclists. 8) keep some of the retail but curate its mix to include local artisanal tenants and food purveyors along with the luxury that is already there. Retail Centers from this era must be preserved, while addressing the needs of today with other things to do and experience. Just rethinking the commercial mix won't cut it anymore.

Our responsibility as the landlord is to increase foot traffic to The Solana, true. We can, and we happily do, help our tenants with that. Here’s where our tenants take the reins: The moment the visitor merely notices the storefront signage. That’s the moment when you, as the tenant, have control, and your opportunity starts. Will the visitor decide to enter your shop/restaurant/entertainment center? It depends on whether you: 1/ Position yourself correctly to attract your ideal customers, 2/ Master the basics of a visually pleasant environment, 3/ Ensure your place looks, sounds, and smells welcoming. Our obligation to our tenants at Solana is to expose potential customers to the spaces, brands, and venues that might interest them. The tenant must make the final invite intriguing enough for the customer to enter their space and close the sale. We choose our tenants carefully, ensuring we align with our business values and management methods. P.S. Solana is growing rapidly. If you’re a national or local brand/business looking to enter the fastest-growing experiential shopping and entertainment center of El Paso, my DMs are open.

As #consumer behavior continues to shape the transformation for #retail in the market, Prestige Plaza is transforming its retail spaces into family, community and entertainment spaces, bringing to the discerning consumer the best of brands, food, and #entertainment, thus creating a hub where people go to spend time, rejuvenate, socialise and entertain. ‘The approximately 40,000 square feet FEC is designed to feature a 12-lane #bowling alley as well as 4 secluded HyperBowling lanes, a 12-hole Mini #Golf area, Strike Arena, a three-level Kids Play area with bumper cars, Food and #Beverage Area, the Sports Bar and the current #Cinema. We have also looked into improving the #shopper traffic flow with new #escalators as well as redesigning the entrance. The new anchor attraction is designed to improve the shopper experience across age groups,’' stated Architect Iqbal Deogun reflecting on the design features at site this week. Globally, the FEC and children’s edutainment centers (CEDCs) segment is set to rise due to rising demand for immersive leisure experiences. 0736 309 809 https://lnkd.in/db4mRb_c #retail #architecture #commercialrealestate #retaildesign #retailbusiness #FEC #familyentertainmentcentre #interiordesign #storedesign #retailers #shoppingmall #RETRAKCommunity #KenyaRetail #RetailSuccess

Revitalising 109 Pitt Street Arcade with Community-Centric Solutions The Strategy Group recently delivered a transformative project for the 109 Pitt Street shopping arcade in Sydney, facing significant challenges due to the construction of the Sydney Metro Hunter Street station. The closure caused a significant drop in foot traffic, leaving small businesses struggling with rent and staff costs amidst severe noise and vibration from two years of construction. 💡 Solution Co-Creation with the Community Our team adopted an innovative community engagement strategy, prioritising a deep understanding of local concerns and developing practical solutions tailored to their needs. Rather than imposing preconceived ideas, we engaged directly with local businesses and customers at 109 Pitt Street. This hands-on approach revealed that initial solutions, like promoting businesses online, missed the mark as these businesses relied on local foot traffic. Collaborating with ETP, we co-created solutions rooted in community feedback and tested these ideas to ensure their effectiveness and support. 🎯 Community Support Boost Our community engagement transformed local detractors into advocates for the project. Key implementations included: - A low-cost refurbishment of the arcade, adding tables, chairs, plants, lights, and a vibrant mural. - Pedestrian signage to redirect foot traffic to local businesses. - Promotional flyers for pedestrians and nearby employees. - Additional artwork on hoardings to make the area more inviting. Local businesses welcomed these solutions, becoming positive and supportive of the overall project. The Sydney Metro Innovation team praised this approach and positioned it as a new standard for effective community engagement across other Sydney Metro projects. #CommunityEngagement #Innovation #TheStrategyGroup #SydneyMetro

It's an exciting era for shopping centers as they morph into zones pulsing with fun and adventure. According to a recent piece by ROI-NJ, Hazlet is catching this vibrant wave with the upcoming Urban Air Adventure Park. This isn’t just about shopping anymore; it’s about crafting experiences that resonate. Here at Onyx Equities, we're thrilled to be at the heart of this evolving narrative., turning shopping centers into hubs of excitement. Urban Air Adventure Park isn't just a fun addition; it embodies our vision of intertwining retail with riveting entertainment. It's not just a makeover; it's about evolving these spaces into community entertainment hotspots. Shopping centers are now about lively experiences, and we're here for this exhilarating journey! https://bit.ly/3QAex4T #OnyxEquities #UrbanAdventure #CommunityBuzz #Retail #HazletHighlights #ShoppingCenters #UrbanAirAdventure #Community #Engagement #RealEstate #Innovation #CRE #CommercialRealEstate #NewJersey

Retail & Leisure International published an article in which Bart Dohmen explains why the guest experience lessons learned from the theme park world can be of benefit for the shopping mall world. At TDAC, we are seeing increasing interest from the mall and retail world to learn about this.

Throughout my career, I’ve been just as discerning in rejecting potential tenants as in accepting them. Tenants at The Solana must contribute positively to the overall ambiance. This requires an unwavering commitment to delivering exceptional experiences to The Solana’s visitors. When curating an environment dedicated to excellence, there is no room for error. Even minor details: — An imperfectly folded piece of merchandise, — Handwritten signs at stores, — A slightly untidy space, Can completely shatter your image. Once an image is tarnished, restoring it is an uphill battle. This is why I am extremely selective about the tenants I choose to collaborate with at The Solana. P.S. If you’re a local or national tenant who Recognizes the importance of exceptional customer service, Aspires to be part of El Paso’s fastest-growing experiential shopping center, Now is the time to act. Spaces are filling up quickly.