i dont have a subscription but was still able to see it. think maybe you get a few articles for free then they ask you to pay. but you can see the idea in the second link i posted.
Use Firefox, load a couple of add-ons blocking Javascript and other redirections. Solves the problem.
I don’t know if they built them but the ones at SODO are part of Target’s property along with restaurants and a gym. It’s a great idea because your customers are already there.
Most of those types of urban infill locations are leased to the retailers. In fact, most (but certainly not all) housing developers loathe the idea of incorporating retail into their buildings. In many cases the retail component is driven by the municipality and is more-or-less a quid pro quo with the housing developer. In my experience, most senior lenders and equity investors give little to no credit to the housing developer for the retail portion of the development meaning that the developer is often on the hook for 100% of that build-out, lease-up, etc.
I'm not familiar with that specific development, but his strategy may be like one of my student housing developer clients. Sometimes they've been required to have commercial space in their apartment developments and in some of those cases they know that there's no business case for retail. So, what they do is "play the game" for a year or two - asking market or market-plus rates on the retail - and then, once the retail space remains vacant, they go back to the city to plead their case to revert the retail into apartments. They always design it as such - making it so that the retail space can be easily converted into living space. The case to the city is that having something is better than nothing - nobody wants vacancy.
Actually the original developer, Casto, of that space wanted retail there. Their timing was not good and that area is a no mans land. Can’t think Publix is long term there as well.
