Renaissance Marketplace Renaissance Marketplace

Investors aren't the only players seeing value in experiential retail. Cities are focused on approving retail projects that have a community focus. Developers and architects pushing projects through the entitlement phase have seen the city show increased interest in those elements of new retail and retail redevelopment.

"The city is focused on creating great people places in communities. It seems to be an important factor that cities are considering now when we are going through the approvals process for entitlements. They are looking at placemaking, and they are sensitive to that," Greg Lyon, principal and design director for Nadel Architecture + Planning, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.