News

Spotlight On: Real Estate

BY Katherine Boccaccio

Normal.dotm
0
0
1
308
1756
LF
14
3
2156
12.0

0
false

18 pt
18 pt
0
0

false
false
false

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”;
mso-ascii-font-family:Cambria;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Cambria;
mso-hansi-theme-font:minor-latin;}

A solid mixed-use development can be a boon to retailers who understand how to leverage the various components. According to Harry Koehler, VP site planning and traffic for Macy’s, and Emerick Corsi, president of retail for Forest City Enterprises, the right landlord-tenant partnership can help maximize mixed-use success.

In the SPECS session, “Mixing it up: Making Mixed-Use Developments Work for You,” the pair focused on Ballston Common Mall, the Forest City-owned urban mixed-use center located in the heart of Arlington, Va., anchored by Macy’s and undergoing a major redevelopment.

“The urban repositioning plan calls for food-court changes to free up about 15,000 sq. ft. for a grocer, altering the existing mall footprint to square off the space, adding a basketball court on the second level, constructing a residential tower and adding six levels of office space atop Macy’s,” said Corsi. That kind of redevelopment requires not only a solid public-private partnership, but also key tenant buy-in.

“When we are working on projects in existing developments — which is very common now — we have to carefully review the site, the buildings, the traffic, the parking and today, more than ever, the construction phasing,” said Macy’s Koehler. “The Macy’s shopper and the store’s ongoing business cannot be negatively impacted when a project is under redevelopment construction.”

Despite the inherent challenges, mixed-use is attractive to Macy’s. “We like the synergy of all the uses,” he said. “But we also must make sure traffic flow is efficient and parking supply is adequate since the shopper’s experience on any site begins as she enters the site.”

Both Koehler and Corsi agreed that if the landlord and the tenants work together, most challenges can be overcome. “Parking is a perfect example,” said Koehler. “In a mixed-use development, we often need less total parking stalls per thousand sq. ft. for the development than in a retail-only development simply because parking is easily shared among the users, for example, as departing office workers free up parking stalls for shoppers arriving in the evening.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Spotlight On: Retail Orphan Initiative

BY Marianne Wilson

Normal.dotm
0
0
1
301
1716
LF
14
3
2107
12.0

0
false

18 pt
18 pt
0
0

false
false
false

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”;
mso-ascii-font-family:Cambria;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Cambria;
mso-hansi-theme-font:minor-latin;}

There are more than 400 million vulnerable and orphaned children worldwide, and the Retail Orphan Initiative (RetailROI) wants to help as many as it can. The charitable foundation brings together retailers, vendors and industry consultants to raise awareness and provide real solutions for these needy children, both here at home and around the world.

In support of RetailROI, SPECS invited the group’s founder and donor trustee, Greg Buzek, president of IHL Group, to make a presentation at the show.

“The opportunity for the store design/planning, construction and facilities colleagues from SPECS is absolutely crucial to the things that we are doing,” Buzek said.

There are many ways retailers and suppliers can get involved with RetailROI, both personally and/or on behalf of their business, including participating in a RetailROI “vision trip.” (For more, go to Retailroi.org/how-to-get-involved/get-involved.)

RetailROI has helped to build four schools in underdeveloped countries. While the tech side of retail has been very involved in these efforts, Buzek is now hoping to get the store development side equally involved.

“The talents of the design, planning and construction side of things would bring so much to these opportunities,” he said. “Even in projects where the walls are already up, there are issues with how to make the best use of the space, sound absorption and the like. We have a school in Liberia that has 215 children in nine classrooms that are made entirely out of cement. The sound simply bounces off the walls. It’s important to understand that what a person does every day as part of their daily job can be a critical skill that can brighten the life of a child in need.”

In support of the charity, SPECS donated two paintings that were done on site by famous speed painter Dan Dunn to RetailROI, which raffled them off during the show. The winners of the raffle, which raised a total of $5,880, were Todd Chapell, building estimator, Wegmans Foods Markets, Rochester, N.Y.; and Craig Chinn, associate principal, KTGY Group, Irvine, Calif.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Spotlight On: Color Trends

BY Katherine Boccaccio

Normal.dotm
0
0
1
310
1772
LF
14
3
2176
12.0

0
false

18 pt
18 pt
0
0

false
false
false

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”;
mso-ascii-font-family:Cambria;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Cambria;
mso-hansi-theme-font:minor-latin;}

“The expectation of today’s consumer has risen — and that includes color and the way it is used,” said Leatrice Eiseman, color specialist, author, and consultant to Pantone, in the SPECS session entitled “Color My World – Color Trends.”

No color has higher expectations for 2013 than green, according to Eiseman. In fact, emerald (specifically Pantone 17-5641) has made a comeback, officially named Pantone’s 2013 Color of the Year.

“Green symbolizes sustainability and health, but it also is a fashion color,” she said.

The green hues can also be considered neutrals, supplanting tans, taupes and beiges as a retail backdrop. Deeper greens, such as olive and brighter shades like aqua and turquoise, can be strategically used to draw attention.

Other current color trends identified by Eiseman include:

• Oranges and yellows have made a surprise appearance as accent colors, employed on laminates, outdoor furnishings and as accent shades in darkened areas;

• Among the metallics, pewter has gained hold;

• Wood tones and finishes are being mixed and matched across settings that range from elegant to rustic, gaining popularity from the attraction toward sustainability; and

• Laminates layered with color are go-to materials for 2013.

Eiseman, considered a crystal-baller when it comes to color, offered the following forecast for the coming year:

1. Look for neon pink instead of red.

2. Neutrals will be accented with splashes of color like rosedust.

3. Rugged color palettes suggest sustainability and will continue to garner favor. Tortoise shell, toasted coconut and chocolate brown will be accented by pops of color, such as orange, to add interest.

4. Traditional blues and greens, always reliable, can be accented by a brighter blue or even pink to draw attention.

5. Convivial hues — those that lie across from each other on the color wheel — will be used together to create interest.

6. Neons will be around for at least another two years.

“The current economic climate is keeping colors around longer,” Eiseman said. “We are more reticent about change. That said, we will tend to experiment more with bolder colors as accents.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...