Commercial Real Estate tic.............tic,,, Message Board

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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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To: LLCF who wrote (400)	6/22/2012 11:02:24 AM
From: Smiling Bob	Read Replies (1) of 442

This has absolutely been the trend I saw as every mall strives to be the next high end paradise, wooing in the name retailers Some were hoping to create an almost gated village of affluent residents who can get all their needs met within. Two big failures with a few miles of each other One's been in the making for about ten years, and they just finally got 1 supermarket,who fought to back out. Good thing they didn't.The market is doing extremely well, but likely at the expense of their other locations. Right- villageatvalleyforge.com about 150 acres Single supermarket to date Left- oneillproperties.com One supermarket, Target, and a couple of crap restaurants Huge mall at top right en.wikipedia.org The bottom line is how much high end can an area support? Nevertheless, almost every city official in the nation wants to turn their local retail blights into lovely mixed-use monoliths with fancy stores and restaurants on ground floors and pricey lofts and condos upstairs. This simply isn’t going to work without a high density of upper-income households, Wood said, and in places where it will work, the development process takes years.

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