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Queen Street in Cardiff rated ‘most appealing’ high street in the UK: New research from American Express has unveiled the high streets in the UK offering a compelling mix of shopping and leisure experiences most desired by Brits. The study, carried out with GlobalData, surveyed 2,000 consumers across Britain to pinpoint what they believe makes for a great high street, which was then combined with in-depth analysis to identify the locations with the winning formula. Factors such as an attractive mix of retailers topped shoppers’ wish list (67%), with good parking a close second (62%). Shoppers also prize independent pubs and restaurants, with more than half (52%) saying these make a high street “great”. The magnetism of locations with ample entertainment and leisure options such as cinemas and theatres, was highlighted by more than a third (36%). Proximity to a train station and green spaces were deemed as less important by shoppers. Encouragingly, the research also revealed that almost three quarters (73%) of shoppers believe their local high street will remain important to their everyday lives in ten years’ time. Combined with its location close to historical landmarks and indoor shopping centres, Cardiff’s Queen Street is notable for its variety of retailers and scored most highly (compared with other locations) for accessibility and transport links. The central shopping streets (Northgate, Southgate, Eastgate and Westgate) of Gloucester ranked in second place, singled out for a “thriving independent restaurant scene”, and taking the top spot for leisure options. In third place was Eastgate Street in Chester, which scored highly for its range of independent retailers and overall aesthetic appeal – all assessed as part of the analysis.

When Country Club Plaza opened in the early part of the 20th century, it served the needs of well heeled Kansas City residents who enjoyed the good life... European styled buildings were tenanted with high end retail and food establishments. Important to success was the drive in convenience of cleverly designed parking structures for suburbanites who had the day to spend while their spouses worked in the Center City. Now CCP is in the midst of a repositioning led by the same ownership group that has had success with Highland Park Village in Dallas. Although the bones of the CCP development are sound (high quality architecture, incredible plazas and green spaces integrated into a tight(ish) urban grid), the demographics and with them, the behaviors of the current Kansas City market do not match what the district currently offers. Other areas of the city like Power and Light appeal to a younger demographic with urban housing formats and street oriented events. In affluent suburbs, high net worth couples have less interest in leisure shopping, and more in health and wellness and unique experiences. My advise to the new owners is to 1) change the public realm, the streets are way too wide and auto oriented. Encourage walking and biking by narrowing the streets and allowing other modes to have a chance to take hold, 2) create terrace dining and other semi public spaces that are elevated above or adjacent to, the elegantly designed public spaces already there. 3) integrate as much housing as you can get away with, which will create a constituency that self polices and provides energy, use some of the extra retail parking already there for the residences you integrate into the urban grid 4) recognize that you are a content provider, and use some of those parks and plazas as event spaces that attract interest throughout the week, months, and year. 5) create a wellness community with health care, cultural and educational resources in the core; 6) bring a hotel to the property with a rooftop terrace and other meeting spaces that are seen as common ground for both business and community interaction. 7) take advantage of Brush Creek as an amenity that connects to CCP with services for runners, walkers, and cyclists. 8) keep some of the retail but curate its mix to include local artisanal tenants and food purveyors along with the luxury that is already there. Retail Centers from this era must be preserved, while addressing the needs of today with other things to do and experience. Just rethinking the commercial mix won't cut it anymore.

If you try to have your downtown compete with suburban shopping areas on their terms — lots of free parking, lots of space, massive stores — you’re going to lose. Going downtown and going to a mall are two very different experiences in very different environments. Instead, focus on creating a downtown experience that’s worth the slight hassle of parking. That means amplifying the unique characteristics of the downtown — walkability, lots of smaller mom-and-pop shops, a strong sense of place — and making it easier to be there without a car.

Foot Traffic Triggers in Commercial real estate developments?!!!! Foot traffic is a crucial factor in the success of commercial real estate developments. Here are some key generators of foot traffic: 1. Anchor Tenants Large Retail Stores: Supermarkets, department stores, and big-box retailers draw significant foot traffic, benefiting smaller stores in the vicinity. Entertainment Venues: Cinemas, theaters, and gaming arcades attract diverse crowds, increasing overall foot traffic. 2. Dining and Hospitality Restaurants and Cafes: Popular dining spots can become destinations in themselves, attracting regular patrons and new visitors. Food Courts: In malls and shopping centers, food courts provide a variety of dining options, encouraging longer stays and repeat visits. 3. Events and Activities Community Events: Farmers’ markets, festivals, and public performances can draw large crowds, boosting foot traffic temporarily but significantly. Workshops and Classes: Offering educational or recreational activities can attract specific demographics, increasing foot traffic during off-peak hours. 4. Mixed-Use Developments Residential Units: Integrating residential spaces with commercial areas ensures a steady flow of residents who frequent nearby shops and services. Office Spaces: Office workers contribute to daytime foot traffic, especially during lunch breaks and after work. 5. Accessibility and Amenities Public Transportation: Proximity to bus stops, train stations, and other public transport hubs can significantly increase foot traffic. Parking Facilities: Ample and convenient parking options encourage more visitors to drive to the location. 6. Unique Attractions Cultural and Historical Sites: Museums, galleries, and historical landmarks can draw tourists and locals alike. Public Spaces: Parks, plazas, and pedestrian-friendly areas invite people to linger and explore nearby businesses. 7. Retail Mix Diverse Retail Offerings: A mix of high-end boutiques, everyday convenience stores, and specialty shops can cater to a wide range of customers, increasing overall foot traffic. 8. Technology and Data Utilization Foot Traffic Data Analysis: Leveraging foot traffic data helps in understanding visitor patterns and optimizing tenant mix and layout. Smart Signage: Interactive and digital signage can attract attention and guide visitors through the development. These elements can help create a vibrant and bustling commercial real estate environment #realestate #development #foottraffic #footfall #commercialrealestate #feasibility

Why do people flock to Chadstone in Melbourne - Australia's largest shopping centre? Surprisingly, it’s not just the fashion. Shopping centres like Chadstone play a unique role in local life. With the largest floorspace in Australia, you’d expect fashion to be the main draw, but our data reveals something different. When you look closer, Chadstone is a "neighbourhood within a neighbourhood," and it’s the restaurants that truly stand out. Using Neighbourlytics' platform, we tracked the digital footprint of every point of interest and found that dining experiences, not fashion, are the top reason people visit Chadstone. Curious to see the full lifestyle offer at Chadstone? Explore it here (hint: it’s in Malvern East):

What makes a retail park flourish in today's challenging economic landscape? 🛍️💡 Let's delve into the remarkable transformation of Teesside Park, which stands as a true testament to British Land's CEO, Simon Carter, describing retail parks as the "winning retail format." 👍 Firstly, I find it fascinating how the three 'A's - affordability, adaptability, and accessibility - are not just buzzwords but real pillars that have steered Teesside Park towards success. Let's look into this... Adaptability- the introduction of a 10,000 sq ft extension for Primark. These actions demonstrate how flexibility in design can effectively serve modern retail demands at Teesside Park.🏢 Accessibility - With three new bus routes after proactive lobbying by British Land, that has truly broadened Teesside Park's appeal, bringing in around 3,000 additional visitors each week. 🚌 Affordability- lower costs have attracted a diverse range of tenants. It's not just retail that's thriving here - the leisure sector is burgeoning, with expansions like Hollywood Bowl's new mini golf course and the exciting inclusion of Ninja Warrior. 🎳 #RetailRevolution #TeessidePark #BritishLand Read more by clicking the article below

EDINA, Minn.—Could America’s oldest mall become the mall of the future? To make that leap, mall giant Simon Property Group is spearheading a $400 million spending spree to make Southdale Center in suburban Minneapolis much more than just shopping. Over the past dozen years, Simon has built a growing list of amenities in remote corners of its parking lot: luxury apartments, an extended-stay hotel and a Shake Shack. It knocked down a JCPenney and replaced it with a high-end fitness center and co-working space. Another defunct department store made way for an upscale grocer and a high-tech minigolf operator. A cluster of luxury shops is under construction for retailers including Gucci, Burberry and Moncler. The Southdale overhaul reflects big shifts in how Americans are going to the mall—once an iconic place to hang out for hours and buy everything from soap to suits. Boosted by new amenities and strong performance by luxury retailers, top-tier malls have surpassed 2019 tenant-sales levels despite lagging foot traffic. Shoppers are spending less time in malls, but they’re more likely to pull out their credit cards for big-ticket items than they were in the past. The overhaul of the 1.1 million-square-foot Southdale Center is still a work in progress, with construction sounds reverberating throughout the mall and foot traffic generally slow, especially on weekdays. The parts of the mall that haven’t been upgraded retain a dated feeling. Simon said it plans to eventually put entertainment-focused tenants there. It is too soon to know for sure whether the makeover will pay off, but the incentives for trying are clear. Top-tier malls reported record-high leasing volume and strong rent growth last year. That helped make malls the best-performing sector among publicly traded real-estate investment trusts over the past three years, according to Floris van Dijkum, managing director at the investment firm Compass Point Research & Trading, which advises institutional clients on investing in malls. “The good malls are thriving,” van Dijkum said. “If you have the capital to reinvest in your malls, that’s how you keep them vibrant and relevant.” Many malls haven’t been able to keep up, losing tenants and customers, with the worst off sliding into default or disrepair. Mall fortunes have sharply diverged in recent years, with the top 25% of U.S. properties raking in sales of $750 to $1,200 a square foot, according to real-estate analytics firm Green Street, compared with an average of $150 to $475 at lower-quality malls. Simon believes America’s oldest mall can become one of those top properties again, and says the elements already in place are working. Its apartment building is full, and the hotel charges more than $200 a night during the peak summer season.

Andergrove Village Shopping Centre for by CBRE   Coles, one of Australia’s leading retailers, has listed Andergrove Village Shopping Centre for sale. CBRE’s Joe Tynan and Michael Hedger are managing the sale via an Expression of Interest campaign on behalf of Coles Group Property Developments Ltd. Positioned on a 2.437ha land holding, Andergrove Village includes a 4,800sqm vacant parcel of land with the potential for additional specialty stores, or complementary uses including childcare, fast food, or a car wash (STCA).   “Given the pent-up demand we are seeing in the market, particularly for brand new shopping centres, we expect Andergrove Village to generate interest from both domestic and international investors,” Mr Michael Hedger said.   Mr Joe Tynan added, “The additional allotment offering is unique and gives our incoming purchaser the opportunity to create long-term flexibility and accommodate the increase in demand in the trade area. We expect potential buyers to see this land as a long-term opportunity and significant upside for the existing centre” Mikaela O'Farrell James Douglas CBRE Asia Pacific Harrison Coburn #cbre #cbreretail #mackay #shoppingcentre #retailrealestate #retailproperty #retaildevelopment #retailinvestors #realestateinvesting #propertyinvestment

Snowy Mountains shopping centre for sale by JLL Cooma’s Centennial Plaza for sale anchored by Coles. The neighbourhood centre Cooma for sale by JLL agents, Nick Willis, David Mahood and Sebastian Fahey. David Mahood, Executive JLL Retail Investments NSW, noted “Centennial Plaza is positioned at the heart of Cooma’s retail precinct. Its strategic location within the capital city of the Snowy Mountains allows it to service approximately 2.7 million visitors annually and substantially benefits from the $418 million of retail expenditure generated by the region’s tourism industry.” Sebastian Fahey, Executive JLL Retail Investments NSW, said “Opportunities to acquire neighbourhood centres anchored by a major supermarket operator at this price point are a rarity. Being only the third sub $20-million major supermarket anchored neighbourhood centre to come to market in regional NSW since 2019, Centennial Plaza presents a compelling proposition for private investors and first-time entrants in the shopping centre market.” The ASEAN Developer RETalk Asia Jacob Swan Kate Low Sam Hatcher Stuart Taylor MingXuan Li 李名轩 Sam Linden Nathan Lin Will Morris Coles Group #jll #jllaus #retailrealestate #retailproperty #shoppingcentre #retailindustry #realestateinvesting #propertyinvestment #cooma #snowmountains #australianrealestate