REAL ESTATE

Readers Speak Out: Mixed-use projects

BY CSA STAFF

In the June 25 edition of SiteTalk, editor Katherine Field asked readers to comment about the viability of mixed-use projects during the recession, and whether mixed-use might have a better shot at success vs. other development formats. Among the responses:

“Mixed-use seems to be it,” said Brian Buralli with Cullinan Properties. “We do get some interest from retail, particularly local or regional. The office side is okay, medical is a strength, and residential is pretty good. We are getting pretty positive response with both St. Charles (The Streets of St. Charles in St. Louis) and East Peoria (East Peoria/Downtown 2010 in East Peoria, Ill.). So, a number of good things are happening despite the economy, but we’ve had a lot of hard work to get there.”

But another reader didn’t rank mixed-use so positively.

“Not good,” he e-mailed. “All components have to be successful at the same time for a project to succeed. Want to bet on that happening?”

The next issue of Chain Store Age — August/September 2009, mailing at the end of August — will cover mixed-use in greater detail via the “Mixed-Use Development special real estate supplement.” The supplement will chronicle the emergence of the mixed-use as a dominant format despite the downturn, and profile successful and up-and-coming mixed- and multi-use projects.

Got more to say about mixed-use? E-mail Katherine Field at [email protected] and follow her on Twitter

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Office Depot, Tony Stewart encourage fans to ‘show their 14’

BY CSA STAFF

Boca Raton, Fla. Office Depot has teamed up with NASCAR champion Tony Stewart for the new Office Depot “Show Us Your 14” online photo contest.

Now through August 31, fans can go to OfficeDepotRacing.com and upload photos demonstrating their support for Stewart and the No. 14 Office Depot/Old Spice team.

The Grand Prize package includes an HP TouchSmart Desktop Computer, HP Mini Notebook computer, HP Photosmart Premium Fax All-in-One Printer, HP printer/photo ink packs and HP Premium Plus Photo Paper.  Plus, everyone who enters the “Show Us Your 14” online photo contest will receive an Office Depot coupon for 14% off their next qualifying purchase.  

“It’s great to have so many loyal fans supporting me and the No. 14 Office Depot/Old Spice team every weekend,” said Stewart, who has taken on the role of driver/team owner with Stewart-Haas Racing in 2009 and is judging the contest. “NASCAR fans are the most passionate fans in all of sports, and I can’t wait to see all the creative ways people incorporate the number 14 into their lives. I think I’m going to see some very imaginative stuff!”

In addition to the Grand Prize winner, a first prize and second prize winner will receive a terrific HP prize package including a selection of notebook computers, All-in-One printers, photo ink and a host of other HP products.

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New stores set to open this month

BY CSA STAFF

It promises to be a busy month for Target, as the company is scheduled to open a total of 25 stores on July 22, including five units in Pennsylvania and three in New York.  The Pennsylvania stores are located in Allentown, Philadelphia, Reading, Easton and Pottstown. In New York, two stores are slated to open in Rochester with the third store located in The Bronx. Three other states will receive two stores apiece including Texas, Florida, California and West Virginia. States with one new store opening include Michigan, Wisconsin, Hawaii, Connecticut, Virginia, Iowa, New Hampshire, Louisiana, and Nevada. Target typically opens stores in three groups throughout the year, generally in March, July and October. This year’s group of March openings consisted of 27 stores. In October, another 25 stores are scheduled to open.

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