By Joel Groover | The International Council of Shopping Centers
Not so long ago, a humdrum industrial park out of the TV show The Office was good enough for many employers. But more companies now aim to put their HQs and offices next to hubs of commerce that offer bars, restaurants, entertainment venues and other things to do. And that trend is creating leasing opportunities for retail owners and developers. “Employee recruiting and retention has become so competitive,” said Steiner executive vice president of asset performance Beau Arnason. “Employers are saying, ‘Wow, we’ve got to do more for our employees.’ Companies want to offer their employees a better place to work.”
Shopping Center Business By Kristin Harlow Sports and entertainment destinations offer several benefits to retail properties — they boost foot traffic, encourage consumers to linger, complement traditional retail and provide opportunities for refilling vacancies. Pickleball, gaming and music venues are some of the most prolific concepts in today’s experiential marketplace. “Entertainment is complementary to retail…
Modern Restaurant Management By Spencer Jordan At a time when F&B is a thriving and Americans are spending more than ever dining out, centers need to be vigilant about combating stagnation. Developers should be working closely with their F&B partners to think creatively about ways to reinvest in and refresh their spaces and increase connectivity. For nearly…
Chain Store Age By Marianne Wilson Victoria’s Secret is using technology and innovative design details to enhance its in-store connection with shoppers — and reduce its environmental impact. The intimate apparel retailer has taken the wraps off its renovated and reimagined store at Easton Town Center in Columbus, Ohio. The location features Victoria’s Secret’s “store of…
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