Development NEWS
Retail Apocalypse? Strategic Planning Helps Valley Shopping Center Thrive in Competitive Market
There seem to be ways around the so-called “retail apocalypse,” but it means more work and spending more money for the owners and operators of shopping centers.
READ MOREVestar Retools Retail Units as State-Of-The-Art Experimental Space
As the retail sector continues to react to the rise of e-commerce platforms — as well as to changes in consumer spending habits and broader economic trends — developers and landlords are increasingly repurposing their retail spaces, according to privately-held shopping center owner and property manager Vestar.
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$22 Million Redevelopment Puts Phoenix’s 15-Year-Old Desert Ridge Marketplace Back in the Heart of its Community
One could say that Desert Ridge Marketplace has grown up with its customers. The 1.2 million-square-foot lifestyle and power center, located in the 5,700-acre Desert Ridge master-planned community of the Phoenix Northeast Valley, officially reopened this past November, after a $22 million renovation.
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West 7th in Fort Worth Announces New Name ─ Crockett Row at West 7th
West 7th in Fort Worth has unveiled its new name and branding as Crockett Row at West 7th. The name is inspired by Crockett Street, which runs through the middle of the development and is lined with specialty shops and patio restaurants. The Crockett Row at West 7th logo and branding reflect a clean, modern look that also proudly pay homage to Cowtown’s western culture.
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Improvements Continue at Desert Ridge Marketplace with Inviting Upgrades and Community Events
Sophisticated shopping. A community hub. A hip, always-welcoming social oasis that engages its North Phoenix neighborhood.
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Peninsula Shopping Center Completes Multi-Million Dollar Redevelopment Welcomed New Stores in 2017
Following an eighteen-month multi-million dollar remodel and expansion, Peninsula Shopping Center announced that it has completed the renovation and welcomed new retailers including Orchard Supply Hardware (OSH), Petco, Ulta Beauty, The Bar Method, AT&T, Verizon, The Habit Burger Grill and Chipotle. In summer 2017, Mod Pizza will open its first location in the South Bay, and will be located next to Habit & Chipotle. The redevelopment increased the Peninsula Shopping Center’s size by 16,579 sq. ft., which included the addition of three new retail/restaurant pads. The changes also featured demolishing the existing pedestrian colonnade and constructing a drive aisle in its place, reconfiguring parking and circulation facilities, creating new junior anchor spaces, improving sidewalks, and installing new soft seating and new monument and wayfinding signage as well as new landscaping.
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