News

Follow the Leader

BY Michael Fickes

I think it’s exciting to watch retail going back downtown.

I remember shopping in big downtown department stores years ago, and I remember when the big retailers began their exodus to suburban malls leaving huge, sad-looking buildings behind.

But retail, as they say, follows rooftops, and the rooftops were springing up in suburbia and then further out in edge communities. Today, we all have a number of friends and acquaintances that commute for an hour or more in each direction every day.

I may have those long commutes to thank for helping to start a retail migration back downtown. Today’s up-and-coming generation of millennials hate the very idea of commuting.

Millennials want to walk to work or maybe take a 10-minute subway ride. After work, they want to walk to a restaurant or a grocery store and then home. They want to walk to the movies, theater, craft fairs, Little Italy and everything else cities locate within walking distance.

Millennials are moving their rooftops downtown, and retailers, as they always do, are following.

The new and rising generation of downtown retail won’t look anything like old downtown retail. It will have some new look that is beginning to evolve right now, thanks to millennials. Hey millennials: Way to go to town.


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REAL ESTATE

Evanston Plaza welcomes three new tenants

BY Michael Fickes

Evanston, Ill. — Three new tenants are coming to the 212,373-sq.-ft. Evanston Plaza on Chicago’s North Shore, according to Mid-America Asset Management Inc., the exclusive representative of the center.

DaVita, a division of DaVita HealthCare Partners Inc., signed a lease for 10,000 sq. ft. and plans to open a kidney dialysis center in the fall of 2013. The U.S. Army & Marines lease 2,424 sq. ft. for a recruitment center. Papa Romeo’s Pizza has taken 1,464 sq. ft.

JCI Real Estate Alliance represented DaVita. The other tenants were self-represented.

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News

NRF holds retail roundtable

BY CSA STAFF

The National Retail Federation and the Retail Association of Nevada hosted Rep. Mark Amodei, R-Nev., at a retail roundtable discussion. More than a dozen community retailers and small business owners gathered to address the industry’s challenges and public policy priorities.

“The retail industry is the largest private sector employer in the United States,” NRF president and CEO Matthew Shay said. “We need to make sure lawmakers understand how policy issues impact retailers, our employees and our consumers. Facilitating discussions on these important issues is essential to ensuring that retailers, large and small, have a voice in Washington.”

Amodei engaged local retailers in a discussion on the economy, tax reform, immigration, health and labor policy and online sales tax collection.

"When it comes to the key issues of the economy, health care, taxes, and even immigration, local retailers and their employees are really on the front lines,” Congressman Amodei said. “I appreciate an opportunity like this roundtable to hear what effect decisions being made in Washington are having on businesses, jobs, and consumers here in Nevada.”

“Our members are deeply concerned with the federal issues that will have a significant impact on their ability to hire new employees and keep their doors open,” Retail Association of Nevada senior director Lea Tauchen said. “Whether it’s the Affordable Care Act, Federal Unemployment Insurance or Sequestration, there is no doubt that Congress is engaged on issues that affect us. We appreciate Representative Amodei for taking the time to sit down and explore these issues.”

The retail roundtable is a part of the NRF’s This is Retail campaign, which highlights the retail industry’s positive contribution to careers, community and innovation.

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