Federal Realty Investment Trust’s Post

Alright Chicagoans. I have been talking about Chicago with many recently and a theme has come to mind -  We are like the team you love - all the right players, the right facilities and what should be a championship team, but that same team is playing not to lose instead of to win. NYC is playing to win - win the future of urban living - taking congestion (large costs - productivity mainly) and turning it into an opportunity to invest in the future (funds go to public transit). Even places like ....wait...HOUSTON is having a vision! WTF. Where are the engaged Chicagoans who want to speak up about pedestrian streets, bike lanes, and quality of life measures? While this is a business forum more than politics (should stay that way), we really need the Chicago business community to start having some imagination on what this city can be. We have the infrastructure in place, we have the density, the cultural institutions, the lakefront and the food. Can't we start leveraging that foundation and look ahead? Shit, even a car centric place like Houston is starting to understand quality of life issues matter. https://lnkd.in/gyDFuyyU

Repositioning can lead to remarkable outcomes, and we're thrilled to share a success story that came from navigating unexpected post-Covid tenant shuffle. Our skills in working across product types helped deliver a great outcome, and we're proud of the impact it's had for our tenants and the broader community. #repositioning #communityimpact #minnesotarealestate #retailrealestate

More of this! The fundamentals are here. Let’s all get more engaged and change the narrative.

Boston Developer’s $450 Million Vision for Lynn’s Transformation! Here’s a quick glimpse into an exciting development reshaping the landscape of Lynn, Massachusetts! Samuels and Associates, renowned for their expertise in mixed-use projects, is pouring a massive $450 million into developing a 4.4-acre site in Lynn’s South Harbor neighborhood. 👉 Discover more in my detailed video about the project - https://lnkd.in/ePiNqWWx Why is this a big deal? Track Record: Chosen for their proven success in creating vibrant residential, commercial, and lab spaces. Community-Centric: Committing to 10% affordable housing, they're not just building structures but nurturing communities. Economic Boost: A whopping $45 million tax credit backs this project, highlighting its significance and potential impact. The project is expected to net $120 million in tax revenue for the city of Lynn throughout a 30-year period. This development is more than just buildings; it's about revitalizing a neighborhood and creating a beacon of modern urban living. Stay tuned as we follow this transformative journey in Lynn. 🥂To groundbreaking ventures #lynn #realestate #housingnews #realestatenews

Queensland City Councils will find this interesting; vacant shops must bring about loss of Rates and Taxes and misallocation of land to retail property! According to the CEO of Australian Retailers Assoc. there are 38,500 vacant shops in Australia. Online shopping is affecting footfalls and sales. Assuming on “average” that shops equate to 200.0 sqm, it means Australia could have 7.7 million square metres of empty shops. Given higher interest rates must reduce money supply and cause further contraction things will get far far worse. From my experience, at least double that might have their lights on but are in trouble. In the USA for example, Credit Suisse predicted in May 2017 that 25.0% of US Malls would close by 2023 https://lnkd.in/gsUDzpAK That is occurring right now. Our valuable retail software to #evaluae a #reasonable #rent for #ONE #retailshop if it was embedded into Industry Decision-Making would have prevented much of this massive #mismatch of #businesscapital to #propertycapital hence #oversupply. Look forward to talking to delegates. 29/10/2023

Recent developments suggest that Jacksonville's downtown area is on the cusp of a remarkable transformation. According to the State of Downtown Report by Downtown Vision, this could lead to an unprecedented era of growth and prosperity. This article highlights the potential for Jacksonville's downtown area to undergo a major transformation, setting the stage for a prosperous future. This is great news for the city and for anyone looking to invest in its growth. #Jacksonville #Florida #growth #prosperity #investing

What an honor! Old Town Lewisville has been named one of six Great Places in Texas for 2023 by the American Planning Association - Texas Chapter, the top state award for development. Great Places in Texas recognizes the Lone Star State’s Great Places – neighborhoods, streets, and public spaces – and celebrates how planning has played a vital role where residents live, work, and play. The program promotes and recognizes great places while celebrating stories of exemplary planning that have resulted in stronger and healthier communities. Old Town Lewisville is the heart of the city. Old Town Lewisville exemplifies the qualities of a great neighborhood. Anchored with an authentic and historic Main Street commercial district, Old Town Lewisville also offers multiple housing options, walkable streets, inviting parks and open spaces, unique dining options, a variety of arts and entertainment venues, and specialty retail and services surrounding this special area. The mix of uses in Old Town Lewisville supports neighborhood residents through a variety of housing types, civic amenities, parks, retail, and service uses. Residents and visitors can easily get to and explore Old Town Lewisville, on bicycle, by foot, or using affordable public transit. Old Town Lewisville residents have great access to tranquil green spaces and multiple urban connections to nature. The district’s rich heritage and exciting culture are celebrated through more than 30 public art pieces installed since 2018. The redevelopment of Old Town Lewisville is so important to the City and residents, it is one of the nine “Big Moves” of the Lewisville 2025 vision plan. Several components of this redevelopment are consistent with all the other eight Big Moves of the plan. The plan can be viewed at https://lnkd.in/ganEGVNj.

Good news this week from Citu who have acquired the legendary John Banner building in #Sheffield. This strategic move is part of the company’s long-term vision to rejuvenate #AttercliffeWaterside in #Sheffield, ushering in a sustainable new era for a place steeped in history.   ‘Banners’ department store, built in 1934 by retail visionary John Banner, was a four-storey architectural masterpiece and it was also a retailing pioneer. Rumoured to house the very first escalator, Banners created its own currency for in-store credit decades before credit cards became the norm.    After the Second World War, the business was sold by the Banner family and the 48,000 sq. ft. building was eventually converted into upper floor offices and ground floor retail in the 1980s, as it remains today.   Still home to 25 businesses, the building will now benefit from significant investment to restore some of the former glory to the building fabric, as well as bringing it up to modern energy performance standards.   Citu plans for Attercliffe Waterside will transform the 23-acre urban brownfield land into one of the largest zero carbon communities in the UK, featuring 950 homes alongside creative workspaces, an arts venue and shops.   Anyone keen to get a flavour of what’s to come, should visit Citu multi-award-winning low-carbon residential neighbourhoods in Kelham Island, Sheffield or the Climate Innovation District on Leeds South Bank. 📷 Photography by Mike Higginbottom #CituRegeneration #JohnBannerBuilding #SustainableDevelopment

This should happen in all our metro cities.