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The Retail Development Crisis: What Now? - Kelley CNU17
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The Retail Development Crisis: What Now? - Kelley CNU17

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  • And then they talk about wanting a sense of community and having the sort of main street feeling you get from places like this. So this is what we’re hearing that the market is hungry for, but it has been exceptionally hard to create these sorts of environments from scratch, or else a lot more people already would have done it.
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    • 1. The Retail Development Crisis: What Now? Katharine Kelley Green Street Properties
    • 2. Themes of Future Development
      • High quality, urban infill locations with high barriers to entry
      • Small and medium quantities of product that can be absorbed by the market on a reasonable schedule to minimize market risk
      • Sustainable, walkable projects to satisfy market demand for environmental sustainability
    • 3. Sample project: Glenwood Park $150M total project, 28 Acres. Retail component is 50,000 sf.
    • 4. Sample project: Post Riverside $122 M total project, 85 acres. Retail component is 25,000 sf.
    • 5. Sample project: Post Riverside
    • 6. Sample project: Post Parkside $23 M total project, 2.3 acres. Retail component is 10,000 sf.
    • 7. Lesson 1: Retail should be self sustaining … be externally focused
    • 8. Lesson 2: Find someone to obsess about every detail of the retail
    • 9. Lesson 3: Build small retail spaces
    • 10. Lesson 4: Place retail adjacent to residential in a fine-grained mix
    • 11. Lesson 4: Place retail adjacent to residential in a fine-grained mix (where possible)
    • 12. Lesson 5: Seed the retail and generate momentum
    • 13. Creating great places…