When owners start taking equity stakes in their food tenants, the traditional roles can blur in some interesting ways, notes Spencer Bomar, an Atlanta-based principal of the national retail group at Avison Young. “In some cases [landlords] are partnering with chefs, and it is going as far as them sharing in the percentage rent,” he said. “They are becoming true business partners.”
Category Archives: Mixed-Use
Developers have stopped building malls and started making places. Consumers who can buy anything they desire using the little computers in their pockets no longer have to drive to the mall for a new dress, sofa or TV. At the same time, Americans are becoming more urban and they will walk to stores if they are in their neighborhoods.
When suburban malls began to stagnate in the early 1990s, the parent company of the retail stalwarts Bath & Body Works and Victoria’s Secret took a chance on a different kind of shopping experience.
A developer of the Four Bridges community, the visionary behind Liberty Center and a leader of Premier Health are all being honored for their efforts to improve their communities.
Restaurants have long served as critical components in the experiential equation of Steiner + Associates town centers. “Eating out is in,” said Yaromir Steiner. “Whether it is a chef-driven concept or a fast-casual restaurant, dining is an inherently social activity that elevates the destination status of a community, drives traffic and captures coveted discretionary dollars.
Just seven months after opening the largest retail project in the country, Liberty Center in the Cincinnati/Dayton Metroplex, Steiner + Associates debuted a model of its newest project—Lake Nona Town Center in Orlando, Florida, at RECon 2016.
Regarded as one of the brightest and most creative thinkers and planners in the country, Yaromir Steiner recently presented an ICSC continuing education workshop titled Reinvention: Property Redevelopment and Repositioning.
Lake Nona–an 8,000-acre, 11-square-mile master-planned community that has already completed more than $3 billion in construction encompassing 7.1 million square feet of world-class residential and commercial facilities over the last 8 years–is moving forward with the next phase of what will ultimately be a 3.8 million-square-foot central commercial district: Lake Nona Town Center.
Tavistock Development Co. has named Columbus, Ohio-based Steiner + Associates as its retail planning, leasing and development partner for Lake Nona Town Center in Orlando.
Tavistock Development Co. LLC revealed to Orlando Business Journal it partnered with Columbus, Ohio-based Steiner + Associates to master plan the next phases of the Lake Nona Town Center. Steiner + Associates will work with Tavistock Development on retail planning, leasing and development services.