For shoppers, this city of 860,000 smack in the middle of a swing state, can feel like an alternate reality, a place where up is down and down is up. Frumpy department stores feature personal shopping services and boutique wellness amenities. Workaday grocery stores like Kroger offer exotic fruits and freshly baked artisan breads.
The problem with retail isn’t too much Amazon; it’s too many stores. The retail world is in the midst of a culling, or sorts. As many as 9,000 stores are expected to close by the end of the year with names as varied in size and scope as Sears, Macy’s, Payless Shoesource, Gymboree, Abercrombie & Fitch and Radio Shack all slimming down and some, such as The Limited and H.H. Gregg, going away completely.
More than 50,000 sq. ft. of new shopping opportunities will soon be presented to shoppers at Ohio’s most popular retail destination.
GlobeSt.com caught up with retail expert Anne Mastin, EVP of retail real estate at Steiner + Associates at the 2017 RECon, to talk about how retail is no longer about just filling a box and what she thinks the future will look like.
The days of the traditional shopping mall are behind us, making way for lifestyle and entertainment options where traditional big-box anchor tenants once stood.
In a city known worldwide for bringing immersive and engaging environments to life and where more than 66 million visitors converge annually for leisure time activities, an innovative, next generation master-planned community is well underway.
Regarded as one of the most thoughtful and admired real estate visionaries in the country, Yaromir Steiner will present an ICSC continuing education workshop titled Reinvention: Property Redevelopment and Repositioning at RECon 2017.
Thomas (TJ) Drought Jr. has joined Columbus, Ohio-based Steiner + Associates as Executive Vice President, Advisory Services.