Western Real Estate Business

SEP 2017

Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.

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www.REBusinessOnline.com Western Real Estate Business • September 2017 • 69 You've worked with a lot of grocers. Do you find they are compartmen- talizing? Branching out and mak- ing the produce department its own store, and even adding restaurants. Marsh: Grocery is taking strides in that regard. You see brewpubs and bigger seating areas. Retailers are strategically locating them within the fixture plan. Whole Foods is like hav- ing a grocery store with five different restaurants inside. It's a challenge for our designers, but it also makes a cool and inviting atmosphere. We're seeing this move to the mainstream; Albertsons is pulling in some of those same elements. What is the most unique project you are working on? Wakeman: There's one small retail portion of a project in the San Pablo and Oakland area that is a public/ private partnership. Along a main street, a culinary institute will create a dynamic environment, with multiple kitchens lined up to teach cooking classes, and help create a future labor force for the culinary industry. It is part of a housing complex in the city center next to a library, hospital, and a Walgreens. That's been a trend, the public/private partnership and cities relying on developers to bring some- thing unique to their community. Are you seeing more developers let retailers take the lead with a feel for the design of the project? Marsh: It depends on the retailer. If you have something the size of a Cost- co that drives traffic to the area, they are also going to drive new ground- up design. Otherwise, developers and retailers understand a lifestyle cen- ter must be experienced-based and pedestrian-scaled with an active mix of tenants. We are seeing develop- ers push back on limits to leases and non-compete clauses. It used to be that grocery and other retailers didn't want nearby fitness centers. Now we're seeing fitness, healthcare and other services recruited for mixed- use, higher density developments. Lipsey: In Park City, Utah, we de- signed a mixed-use lifestyle devel- opment for CenterCal called Canyon Corners. It is anchored by Whole Foods, who had considerable influ- ence in their store design. For the retail and multifamily components, we designed to CenterCal's objec- tives. Overall the elements are com- patible and the environment is very walkable. On the other hand, gro- cery stores coming downtown. We're working in collaboration with Davis Partnership at Denver's Union Sta- tion. Whole Foods occupies the entire ground floor 'pedestal' and multifam- ily is above. A similar project is going in near the University of Kansas, with HOK doing the multifamily above a Whole Foods. For those projects, ground floor retail drove many of the elements of overall exterior design. Marsh: Developments like Union Sta- tion, are a challenge from a grocery standpoint, especially with a highly creative client like Whole Foods. In Denver, the store is sandwiched in- side the podium of the concrete struc- ture. The layout and fixture plan had to adapt to the building infrastruc- ture. It required give and take from all parties. n Rendering courtesy of CSHQA CSHQA designed Canyon Corners in Park City, Utah, for CenterCal Properties to create a mixed-use center that has a local theme. West Jojo Yap Chief Investment Officer (312) 344-4328 jyap@firstindustrial.com A blank slate means no limits. As a leading provider of industrial real estate, First Industrial Realty Trust brings to the table top-flight development capabilities and the resources of an investment-grade public company to help businesses stay ahead of their rapidly evolving real estate needs. With well located, fully permitted development sites and local experts in the nation's top industrial markets, First Industrial can help companies customize and build their ideal logistics home. firstindustrial.com

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