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Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
Retail closures are expected to free up 140 million square feet of space.
The site will also include 100,000 square feet of retail.
It includes two brands, which will offer a mix of residential, hotel, and retail space.
It will, however, be important to pay attention to the policies coming out of Washington D.C.
Leases could be renegotiated, properties repurposed, or even a company breakup.
Three Manhattan areas are standing out to these retailers.
However, one new concept appears to be working in the industry.
Almost every major retail category saw improvement.
Ruling affirming lower rent when anchor tenants leave will reverberate in epidemic of store closings.
Absorption was negative while vacancy dipped by 20 basis points.