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Prescription for Retail: Get Creative and Adapt

Experts say developers must be willing to engage in trial-and-error.

By Brian J. Rogal | brianjrogal | Updated on October 02, 2017

chi-The Yards Renderings The Yards in Washington DC isn’t just retail. It has a park, one of the most integrated places in the city, that draws all kinds of visitors.

CHICAGO—As reported in GlobeSt.com, participants at  DLA Piper’s 14th Global Real Estate Summit in Chicago last week were tossing around ideas on how to handle the challenges to brick-and-mortar retail presented by e-commerce. But it’s a challenge finding retailers that can excite interest from today’s shoppers.

“We’re seeing a lot of bad companies that are not doing well,” said Jeff T. Blau, chief executive officer of Related Cos. And those that are doing well tend to be luxury outlets that believe they can dictate terms to landlords. “It’s a rough environment for developers.”

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