Kennedy Wilson Property Services’ Post

Retail real estate is experiencing a shift toward suburban areas due to reduced commuting, increasing competition for space, and high construction costs. SRS' Tyler McRae, John Fahey, and John Artope were interviewed by GlobeSt.com on this topic. Retailers are adapting by considering longer leases, reducing store footprints, and incorporating features like drive-thrus. Experiential retail, especially entertainment and high-end dining, is thriving, while bank branches and drugstores are declining, often being repurposed by healthcare tenants. Click the link to read the full article and see more insights from our team ➡️ https://lnkd.in/ghgVq8Kr #ThoughtLeadership #RetailBrokerage #RetailInsights

Miami Worldcenter’s open-air promenade is the center focus of the “new downtown” Miami with its lifestyle-driven blend of boutique retail, entertainment and hospitality. Curated by Comras Company, the tenant roster energizes the area with a diverse mix of dining, shopping and entertainment concepts that are unique but highly complementary. Known for being on the frontline of the retail sector’s transformation, Comras has successfully leased approx. 250,000 square feet within this $6 billion development, securing defining brands like Apple, SEPHORA, MUSEUM OF ICE CREAM, and Lucky Strike Entertainment. #comrasMWC #comrascompany #redefiningretail #commercialrealestate #retail #retailleasing #retaildevelopment #southflorida #downtownmiami #theworldcenter

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment #thefuture

Retail Gazette reported that Jo Malone London planning to open a dozen new retail outlets targeting upscale market towns such as Wilmslow, Farnham, Market Harborough, Leamington Spa and Chichester. #storeopenings #expansion #ukretail

C-store updates, remodels, and refreshes are important to retain customers and create new loyal customers to beat the competition. There are over 152,000 convenience stores operating in the US alone! That's more stores than McDonald's and Starbucks combined according to NACS. What would it cost you if your C-stores did not perform against the competition? Read more in the newest article "Projects Spotlight: Transforming C-Stores One Project at a Time" by Matt Teeter, Vixxo's Sr. Project Manager of C-Stores: https://hubs.li/Q02CkRNg0 #cstores #facilityexcellence #projects

That was quick! Just a few months ago, the popular upscale café / convenience store, Foxtrot, suddenly closed all of its stores, including four in Austin. Well, good news... they're coming back! No word yet on exactly when they'll reopen, but we know many Austinites are looking forward to it. 🙌 #AvantResidential #AvantResidentialGroup #SusanAvant #compassaustin #compassatx #compass #luxurylifestyle #movetoaustin #atx #sellingaustinsfinestproperties #internationalrealtor #relocationspecialist #leadersinluxury #localexpert #luxuryrealestate #realm #realmglobal

The future of retail in Waller's business plazas looks bright, with opportunities abound for businesses to thrive in a community-focused environment. As consumer preferences shift towards more experiential and convenient shopping experiences, these plazas can become central hubs that cater to these trends. By incorporating a mix of local and national retailers, alongside dining and entertainment options, Waller's business plazas can attract a steady flow of visitors, boosting the local economy. The development of these plazas, with an emphasis on accessibility and community engagement, will play a crucial role in shaping the future of retail in Waller. #tx #houston #htx #houstontexas #waller #newconstruction #realestate #realestatemarket #investmentproperty #newbuild⁠ #WallerTexas #Waller⁠

Making Malls Great Again. Under owner, Leo Karruli's leadership, the Johnstown Galleria Mall is making history as the "First Small Business Mall Ever." As reported in the November 27, 2024 edition of the Tribune-Democrat, the Galleria is the first mall in America where small business owners and local entrepreneurs can establish their presence alongside national retail companies and big box anchor stores like JC Penney and Boscov's. This novel approach has brought an eclectic mix of specialty shops and dining experiences, with each storefront representing a local entrepreneur's dream coming to life. With select prime retail spaces still available, national brands have the opportunity to join this innovative concept and help revitalize the traditional shopping mall experience for Johnstown and beyond. https://lnkd.in/eci9mvtS