LAS VEGAS—“Foodie culture has completely changed the way brokers think about leasing restaurants, and, especially in urban centers like Downtown Atlanta's Peachtree Center, has caused a restaurant revolution.” That is according to Amy Fingerhut, a VP at CBRE in Atlanta.
Fingerhut, who specializes in street retail and restaurant selection, and has worked on revitalizing the restaurant culture in Atlanta's blossoming intown neighborhoods like Downtown and the Westside, tells GlobeSt.com that “Instead of typical chains, we're now talking to local, regional and first-to-market concepts that will excite the market and draw in those foodie crowds looking for something new, whether its brunch menus, craft beer, modern Asian or chef-driven fast casual.”
She also points out that Millennials are overtaking the work force, and they want a better eating experience, even if they're just grabbing takeout for lunch. “They want to know where their food comes from and they want to be able to Instagram it.”
Tom Wilder, a principal at the Wilder Cos., who is working on the Arsenal Yards redevelopment in Watertown, MA, tells GlobeSt.com that over the next several years, he expects to see the lines between work, live, shop, eat, and play continue to blur through the introduction of more community focused living.
When addressing the Millennial, he says that Millennial consumers are looking to live in close proximity to lively social hubs and have the convenience of all retail stores in one location, from grocery and home furnishing to apparel and sporting goods. “These new communities will create a sense of place.”
Hear more from experts in the next few days as we fully cover the RECon event, with thoughts not only from attendees and panelists, but coverage of sessions, parties and more.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
