You can look at commercial district revitalization in two ways: The first way, which is the common way, and unfortunately not the best way, is to hatch a scheme to get rid of everything that is under-performing and replace it with something else. Bulldoze it, and start over with a blank slate. This approach to economic revitalization is the cornerstone of many well-intentioned plans — the wholesale replacement of entire existing commercial ecosystems. It is also an approach that values typical male attributes: valuing big, valuing new, valuing the deal. This is truly a shame since these districts often have wonderful businesses, owned by locals, which serve as non-traditional anchors pulling from wide trade areas. [Read more…] about What’s so feminine about good revitalization of a commercial district?
What is one of the first things I consider when I’m working in a mixed-use district, whether I’m helping private sector developers strategize acquisitions, or diagnosing and suggesting improvements to an economically underperforming city?
When he got his start in the grocery business with Fred Meyer decades ago, Gary Slabaugh said he knew EVERY property owner that surrounded the store where he worked. He knew them, their families, their kids’ birthdays. Part of managing the store was participating in, and being a member of, the surrounding community. Smart business if you are a retailer and property owner. [Read more…] about Retail, REITs and Cannibalization