Category Archives: Development

Malls once full of shoppers, now home to students

0 CommentBy

There are communities that have too much retail space. But, prime real estate can be converted, demolished and/or rezoned for new developments. About 22 percent of malls that JLL studied have taken this approach.

So, why buy a mall and create something totally different? Well, because good real estate locations are always a good investment.

Highland Mall, the first suburban shopping mall in Austin, Texas opened in 1971 and officially closed its doors nearly… Read More

Extreme makeover, mall edition

0 CommentBy

More than 94% of mall owners are ditching their old digs for new common area couches, a fresh coat of paint, new stores and/or a name change. A little freshening goes a long way along. Sometimes success is all about marketability.

Malls are refreshing branding strategies to improve and add to their appeal, through common area improvements like modernizing outdated features like new… Read More

Make Way for Mixed-Use

0 CommentBy

Nearly 30% of mall owners are adding apartments, offices or hotels to their properties according to a recent JLL survey. But, why are these owners seeking to creating a self-sustaining destinations? 

Well, malls are working hard to rid the public of the perception that they are places solely for occasional shopping events – like the holidays. They are handpicking tenant mixes that cater to specific shoppers like millennials, luxury seekers, and those who… Read More

Cashing in on culinary experiences

0 CommentBy

Space dedicated to food and beverage (F&B) within malls is now up 5% from a decade ago, and that may reach 20% by 2025. But why the shift to foodie destinations?

Well, the retail industry is undergoing a transformation driven by consumers, who are demanding more from their retail experiences. For an… Read More

JLL brings “Manhattan Village Beach Vibe” to life at ICSC Western Conference

0 CommentBy

When an investor launches a redevelopment, they often look to creative marketing ploys to attract consumers and tenants to an improved property. JLL is breaking the typical marketing mold with the debut of its Manhattan Village showcase, an exhibitor-first experiential promotion, at the International Council of Shopping Centers’ (ICSC) Western Conference, held October 2nd  to 4th in Los Angeles, California.

At the show, JLL is dedicating the front-section of its exhibition booth… Read More

Brookhaven Shopping Center Trades to Invesco Real Estate

0 CommentBy

On behalf of Katz Properties, LLC, of New York City, JLL’s Capital Markets experts today announced the company completed the sale of the 211,758-square-foot Brookhaven Shopping Center in Brookhaven, Pennsylvania. The Shoprite and Lowes anchored property traded to Invesco Real Estate, a global real estate investment manager. JLL’s Managing Directors Chris Angelone and Jim Galbally led the team on the sale.

“We’re seeing institutional investors continue to target grocery-anchored assets in infill… Read More

City Series: Chicago Doesn’t “Chi” Away from Local Charm and Rich Retail

0 CommentBy

When the Chicago Cubs won the 2016 World Series (after a long 117 years), tourism was booming and the victory parade blew 5 million people into the Windy City. Chicago is home to fresh and established corridors that are bringing in more people and ultimately, more money. With their energy and mix of options, it’s no wonder that Magnificent Mile, State Street, Oak Street, Wicker… Read More

City Series: The Well Won’t Run Dry on Canada’s Retail Corridors

0 CommentBy

Whoever said brick-and-mortar shopping is a dying breed hasn’t visited Canada. Toronto and Vancouver’s prime urban retail corridors are a shopper’s paradise. From independent boutiques to upscale luxury retailers, both cities have something for every budget.

  • Vancouver’s South Granville attracts international retailers, tech titans and independent home-goods boutiques while Robson Street sees transformation from bleak to chic with international and luxury retailers.
  • Toronto’s Bloor Street provides prime
  • Read More

Top 10 affordable locations for retail stores

0 CommentBy

JLL launched its inaugural City Retail report, which reveals the 10 most affordable and desirable retail corridors in the United States based on average asking rent per square foot. These shopping districts have growing populations of working millennials, rising foodie scenes, and trendy mixes of up-and-coming retailers and well-known brands.… Read More

Rosedale Center Gets a Von Maur, Renovation Begins

0 CommentBy

JLL-managed Rosedale Center, located in Roseville, Minnesota,  has begun a two-year interior renovation project. Featured in the renovation is an expansion that will introduce a new 125,000-square-foot, two-level Von Maur department store and 21,000 square feet of new shops within a new two-level concourse connecting the existing center to the new anchor. Von Maur construction is expected to start next year, with an opening date in 2018. A new parking deck will… Read More