Shopping Centers Today

JUL 2018

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

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30 S C T / J U L Y 2 0 1 8 national chains that can complement the existing merchants are welcome, Rudemiller says. Since 2004, roughly $1 bil- lion has been invested in new construction and redevelop- ment in Over-the-Rhine and the adjacent downtown. NORTH LOOP MINNEAPOLIS l e revitalization of a derelict warehouse district in Minneapolis into an upscale 24-hour neighborhood lively with innovative eateries, chic fashion boutiques and historic hotel and living spaces has created a Greenwich Village of sorts in this preservation-minded city. e North Loop, also known as the warehouse district, derived its name from the trolley line that circled the neigh- borhood in the 1890s. Adjacent to the downtown, the North Loop developed into a manufacturing hub served by a convergence of railroads that allowed gristmills, farm-tool and auto manufacturers, grocery distributors and other businesses to flourish. But its roughly 60 structures became, for the most part, six- or eight-story empty shells when the manufac- turing sector shrunk. Today the facades and cast-iron entries are preserved and endowed with a new purpose: as storefronts and upper-floor residential, office and hotel uses. "is got started about 10 years ago, and the North Loop has really established itself as a retail and restaurant destination since," said Fritz Kroll, a real estate agent at Edina Realty, which is based in the neighborhood. "It has become a regional draw." MartinPatrick3, the heavily patronized, 17,000-square- foot men's lifestyle retailer on ird Avenue North, jump-started retail development here. e upscale store combines apparel, home furnishings and interior design and was the first retailer to set up shop in the district, says Kroll. "It is not only the best draw the neighborhood has, it is one of the best men's stores in the country," he said. "e area has since attracted a number of fantastic local men's, women's and home stores." Among the dozens of high-end boutiques that have sprung up are D.Nolo (the name is a play on Destination: North Loop), a women's fashion arcade of nine retailers in the fashion, style and home-decor categories; and Jero- meo in the Loop, a wellness center that also sells antiques, jewelry, furnishings, jewelry and art. e nonretail ten- ants helping to round things out include the Minneapolis Farmers Market, the Minnesota Opera, and some museums, schools, theaters and corporate office facilities. Yet another traffic draw is Target Field, home of the MLB's Minnesota Twins. e baseball park's 2010 opening helped spur light- rail expansion and creation of the intermodal Target Field Station, which helps residents lead a car-free existence. North Loop's restaurant ecosystem ranges greatly in specialty and price: Nordic-inspired e Bachelor Farmer; a lobster restaurant called Smack Shack; and eclectic brunch houses such as HauteDish and Moose & Sadie's. Some Millennials are drawn to the North Loop, which was added to the National Register of Historic Places in 1989, but there are loads of older residents there too, says Kroll. "e vibe is definitely more high-end than Uptown, which has a retail mix that caters more to Millennials," he said. Most of the tenants are independents, according to Kroll, but the opening of a Whole Foods in a former car dealership building on Hennepin Avenue in 2013 "certainly put us on l The North Loop, in Minneapolis (left), offers a balance of vibrant street life with retailers and restau- rants and green space. Renaissance Square, in Fort Worth, Texas (right), is living up to its name, thanks to an influx of stores and other businesses

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