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Last month, our Englewood Construction business development team had a great trip to Las Vegas for RECon, the global retail real estate convention hosted annually by the International Council of Shopping Centers (ICSC). It was refreshing to hear RECon attendees be so open to new ideas and more inclusive when it comes to ICSC offerings.
Some of the names wouldn’t be shocking, but it does show a change in the commercial lending environment. All and all, it was a great experience at ICSC once again. In fact, when putting together shopping center construction deals today, we are often given a list of retailers from lenders that we can’t pursue. The bigger the better.
Typically, the test kitchens have a condensed version of the standard cook line, with a ventilation hood over open flames, a fryer, skillet and griddle, so users can experience food products and preparation in an environment close to that of a commercial restaurant kitchen.
Marijuana dispensary projects have similarities to traditional retail and “medtail” build-outs, but also entail special considerations and features for ensuring a secure environment for storing, displaying and selling the product. Security, Mechanicals and More. Good News for the Local Retail Landscape.
But this year, ‘inclusion’ seemed to be the name of the game, with ICSC and RECon reaching out to other sectors that are leasing mall space and focusing much more on hospitality, restaurant and entertainment. In the past, RECon was pretty much dominated by retail, with just a smattering of reps from restaurant and other sectors.
The Retail/Hospitality strategy is based on data from the University of Shopping Centers Economic Development Program by the International Council of Shopping Centers (ICSC). Once a business has interacted with the development program, they may offer a testimonial on the www.thinkrochester.biz website, and may refer vendors and suppliers.
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