LAS VEGAS—During a panel discussion at ICSC Las Vegas, industry experts delved into the topic of second-generation space in real estate development. Kwame Brathwaite, SVP of real estate development at Kitchen United; Dannon Shiff, SVP of real estate at Dave's Hot Chicken, Emily Durham, SVP of food and beverage advisory at JLL; and Patrick Chamberlain, Chief Development Officer of Hart House, all shared their insights on the advantages, challenges, and considerations associated with utilizing second gen space.
The Flexibility and Benefits of Second Gen Space
Brathwaite highlighted the flexibility offered by second gen space. He emphasized that the presence of existing equipment in these spaces can be advantageous, as it reduces costs and provides a solid foundation for new tenants. By working in collaboration with landlords and negotiating tenant improvements, businesses can leverage the existing infrastructure to meet their electrical requirements and create efficient operations, he said.
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