REAL ESTATE

Esri launches public beta Geotrigger Service

BY Michael Fickes

Redlands, Calif. — Esri has launched a public beta version of its cloud-based Geotrigger Service, which helps developers create location-aware apps for iPhone and Android without compromising battery lift. Developers may use the beta Geotrigger Service at no cost, and their comments will help to shape the official release.

The service enables apps built on the Esri location platform to gather business intelligence such as where and when people use their iPhone and Android apps. Developers can also design apps that send messages to users when they arrive at or leave areas defined by a geofence.

“On the Esri location platform, we already offer a host of services for developers from geocoding and geo-enrichment to routing maps. The Geotrigger Service boosts this offering with location-awareness and location-based alerts,” said Johan Herrlin, Esri’s senior business strategist.

Developers can use the Geotrigger Service for apps across all industries including:

Retail and Loyalty: Engage customers with personalized content and deals the moment they enter a store.

Real Estate: Send messages to prospective homebuyers when their search criterion matches a nearby home.

Energy Management: Use location to automatically manage power consumption at home or in the office.

Tourism: Bring public attractions to life by informing tourists of interesting locations as they explore a city.

Public Alerts: Notify citizens about events such as road closures or civic emergencies based on past locations.

For more information, visit Esriurl.com/geotrigger.

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REAL ESTATE

SL Green buys out prime lease at 650 Fifth Avenue

BY Michael Fickes

New York — SL Green Realty Corp. and partner Jeff Sutton have entered into an agreement to buy out the lease of retailers Juicy Couture at 650 Fifth Avenue. The transaction will enable the leasehold owners to combine Juicy Couture’s existing basement, grade-level and second floor retail space with additional vacant space on the third floor and accelerate the partnership’s ability to reposition the building’s premier retail corner location.

The move follows the SL Green/Sutton joint venture’s recent acquisition of a 49-year leasehold interest covering the entire retail portion of 650 Fifth Avenue.

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REAL ESTATE

Chicago hospital opens retail and dining development

BY Michael Fickes

Chicago — Northwestern Memorial Hospital has completed the first phase of “Shop & Dine Northwestern,” a 70,000-sq.-ft. retail and restaurant development. The new facilities feature Chicago-based healthy quick service, fine dining and specialty retailers throughout the medical campus, which stands just one block east of Michigan Avenue’s Magnificent Mile shopping district. Ranked sixth on U.S. News & World Report’s honor roll of “America’s Best Hospitals,” Northwestern plans to begin a second phase of redevelopment in 2014.

An estimated 25,000 people work at Northwestern’s medical campus, and an estimated 13 million tourists, patients, workers, guests and residents walk across the campus during the year, said Kathy Lin, managing partner of KHL Retail, which advised the hospital on the retail redevelopment.

“Urban hospitals are a largely untapped growth area for retailers,” continued Lin. “Northwestern Memorial Hospital is particularly attractive because of its huge daytime population of staff, visitors, patients and volunteers as well as its location in a fast-growing residential neighborhood near one of the world’s most popular retail destinations.”

Phase One Project highlights include:

  • Creation of new street-facing retail spaces including Chicago-based Italian fast casual Sopraffina Marketcaffe and Cicchetti, a new full-service restaurant from The Rosenthal Group, which will feature one of the largest outdoor dining spaces in Chicago (opening December 2013).
  • Redesign of the main second floor concourse to include new retail storefronts and updated common areas.
  • Addition of several new Chicago-based dining concepts including Saigon Sisters, Protein Bar and Greek Kitchen.
  • Relocation and storefront redesign of existing tenants including Pulse Gift Shop, Barbara’s Bookstore and Au Bon Pain.
  • Redevelopment and expansion of Walgreens to become one of their new retail flagship prototype stores with greater emphasis on consultation and health (opening August 2014).

Many of the new retail spaces are open and operating. Phase II leasing is underway and encompasses an additional 17,000 sq. ft. of retail in the new one-million-sq.-ft., 24-story Outpatient Care Pavilion adjacent to the hospital. Slated to open in the fall of 2014, ground floor leases have already been signed with several concepts including LYFE Kitchen from chefs Art Smith and Tal Ronnen; Stan’s Doughnuts, a popular California destination debuting in Chicago in partnership with artisan baker Rich Labriola; and Cosi.

Additional phases are planned for the years ahead.

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