Shopping Centers Today

MAY 2017

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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Page 179 of 227

176 S C T / M A Y 2 0 1 7 DEVELOPMENT OPPORTUNITIES IN URBAN LOCATIONS AND at former shopping center sites in vibrant suburban mar- kets are among catalysts igniting infill retail development, a topic sure to be explored by real estate industry and re- tailing professionals attending RECon this month. From the addition of ground-floor shops in apartment buildings that strengthen a neighborhood's newfound storefront expe- rience to sizable retail components in mixed-use projects, shopping center developers, retailers, restaurants and enter- tainment operators are pursuing opportunities in the built environment's nooks and crannies. The following pages highlight a handful of such infill de- velopments around the country. Many are mixed-use and are often near transit stops as developers seek the highest and best use for the real estate while building in a 24-hour pop- ulation. Developers are tackling them in dense locations like Brooklyn and Dallas, in burgeoning fringe markets such as East Austin, and near student populations like the University of Southern California campus, to name a few. Of course, infill locations are not immune to the effects of e-commerce, changing shopping preferences or other dis- ruptions that are affecting department stores and other tra- ditional retailers. In fact, in more than one case, the shifting market forces have sparked changes amid a project's progress. Filling the Developers find in-fill opportunities in cities and suburbs alike By Joe Gose gaps

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