Development Magazine Spring 2013

The Changing Retail Landscape

By: Ellen Rand, contributing editor, Development.

Despite signs of life with residential, industrial and office properties, retailers continue to struggle. Experts share their observations about the decline of middle ground retailers, the impact of e-commerce, the fate of malls and trends in shopping.

Other Features In This Issue
some of the stores at Legacy Place

Legacy Place: Delivering an Urban/Suburban Retail Experience

Building a new retail project in the midst of a persistent recession could easily have been a recipe for disaster. Fortunately, this was not the case with Legacy Place, a $200 million project by WS Development. The 675,000-square-foot mixed-use project proves that experience and perseverance — combined with solid demographics, location, an exceptional tenant lineup and a long-term hold strategy — can conquer even the most adverse economic conditions.      

Phase IV of the Amazon campus

Amazon Stays True to the Urban Grid

Amazon.com teamed with Vulcan Real Estate to build an urban office campus, enhancing the resurgence of a downtown neighborhood. Amazon.com (Amazon), one of Seattle’s most recognized companies, had been expanding in multiple office buildings, throughout various Seattle neighborhoods. It soon became apparent that the disparate locations of employees and work groups was inefficient. Amazon looked for a solution that would allow it to consolidate and expand in a single location. Rather than follow the path taken by many other tech companies, Amazon elected to stay in the city instead of relocating to the suburbs.      

exterior of the Coca-Cola building

A Case Study in Sustainable Distribution Center Design

Over the last decade, sustainable design has gone from catchphrase to prerequisite for property and building owners across the country. The U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) rating system has effectively promoted sustainability across the office, educational and municipal landscapes. But for warehouse and distribution centers, implementation has been more challenging.      

Advocacy

  • Will “Regular Order” Lead to Big Policy Changes?

    At the close of 2012, many feared the United States would fall off the so-called “fiscal cliff” — the combination of scheduled tax increases, deep mandated across-the-board federal budget cuts (known as “sequestration”), and expiration of numerous tax provisions which, if occurring at once, could have caused another recession.      

  • Massachusetts Leading the Nation in Regulatory Reform

    In March 2012, Massachusetts launched a first-in-the-nation effort to systematically reform our public rule-making process and the way our state views government regulation and its impact on our economy.      

All Advocacy Articles

Development - Ownership

  • A Case Study in Sustainable Distribution Center Design

    Over the last decade, sustainable design has gone from catchphrase to prerequisite for property and building owners across the country. The U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) rating system has effectively promoted sustainability across the office, educational and municipal landscapes. But for warehouse and distribution centers, implementation has been more challenging.      

  • Amazon Stays True to the Urban Grid

    Amazon.com teamed with Vulcan Real Estate to build an urban office campus, enhancing the resurgence of a downtown neighborhood. Amazon.com (Amazon), one of Seattle’s most recognized companies, had been expanding in multiple office buildings, throughout various Seattle neighborhoods. It soon became apparent that the disparate locations of employees and work groups was inefficient. Amazon looked for a solution that would allow it to consolidate and expand in a single location. Rather than follow the path taken by many other tech companies, Amazon elected to stay in the city instead of relocating to the suburbs.      

  • Legacy Place: Delivering an Urban/Suburban Retail Experience

    Building a new retail project in the midst of a persistent recession could easily have been a recipe for disaster. Fortunately, this was not the case with Legacy Place, a $200 million project by WS Development. The 675,000-square-foot mixed-use project proves that experience and perseverance — combined with solid demographics, location, an exceptional tenant lineup and a long-term hold strategy — can conquer even the most adverse economic conditions.      

  • A Look Ahead: New Uses for Cargo Containers

    Too expensive to return to their place of origin, used shipping containers pile up by the thousands at ports in the United States. The abundance and relative cheapness of these containers comes from the deficit in manufactured goods departing from North America. So what can be done with used containers that have reached their final destination?      

  • Strategically Green: Implementing High-Performance Building Technologies and Practices in Historic Structures

    Owners and operators of historic buildings are finding ways to improve building performance while still preserving the unique physical characteristics of their landmark structures. Adopting high-performance building technologies can improve energy efficiency, reduce operating costs and provide a healthier and more comfortable place for people to live and work.      

  • Strategically Green - LEDs: Hitting the Mainstream?

    The term LED is an abbreviation for light-emitting diode, a semiconductor that emits light. Light fixtures that contain LEDs are available for most common commercial building lighting applications today, although LED product lines are less extensive than traditional lighting products.      

All Development - Ownership Articles

Marketing - Leasing

  • A Look Ahead: Need Space? Consider a Cave

    Tenants in need of secure climate controlled space at affordable rates have another option to explore — if they’re willing to go underground.      

  • In Touch with Tenants: Four Powerhouse Tech Tools to Attract Tenants

    Developers and owners need a thoughtful and strategic marketing approach to attract tenants to a new project. However, if that strategy does not include at least four powerhouse tech tools, they could be missing some prospects, according to Rob MacLeod, president, Neoscape, a marketing firm with offices in Boston and New York.      

  • In Touch with Tenants: Six Trends Reshaping Law Firm Buildout

    Many law firms have been slower than their corporate brethren to adopt innovative techniques for maximizing office space at the lowest cost. Due to a more competitive law firm environment, and the desire to use money spent on office space elsewhere in the firm, change is coming to even the most traditional organizations.      

  • 2013 Guide to Economic Development Authorities

    The economic development authorities listed in this annual guide can help you attract businesses to your area and to your developments.      

All Marketing - Leasing Articles
All Business - Trends Articles

Finance

  • Getting Loans Where Everybody Knows Your Name

    Defined by the Federal Reserve Board as institutions with $10 billion or less in total assets, community banks can be a potent source of financing because of their local roots and knowledge, flexibility and commitment to their communities.      

  • Reducing Development Agreement Risks in Municipal Bankruptcies

    As part of a bankruptcy, a city can assume or reject “executory contracts” — contracts under which material performance obligations remain such that a breach by a party would entitle the other party to terminate. However, if an executory contract is rejected by a city, the developer has no ability to enforce its terms and conditions.      

  • The Entrepreneur: Lessons in Discipline from Canada's Real Estate CEOs

    Could much of the pain experienced in the aftermath of the worst global financial crisis since the Great Depression in the United States have been avoided by following the tenets of Canada’s foremost real estate professionals?      

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Perspectives

All Perspectives Articles