DMM Retail Industry e-News Issue #212

Mixed-Use Communities on the Rise in Florida… City Spotlight on Wilmington, DE… Two Legendary Retail Brands Join Forces In-Store

Primerica DevelopmentsMixed-Use Communities on the Rise in Florida

The number of communities in Florida that combine work, life, and commerce is on the rise. The Bradenton Herald reported this month that Primerica Developments, Inc., of Tampa, has finished a 10,800-square-foot building for retail, medical and dining space at The Woods/Shoppes of Moccasin Wallow of Palmetto, FL. Future plans include more than 50 acres of mixed-use retail and a 280-unit apartment complex, with construction to get underway next month. In Jacksonville, Action News Jax reported that Publix Super Markets will anchor a new shopping center in Exchange East, located in the eTown Village Center, a master-planned community that combines natural habitat, green technology, and smart homes. Master developer, The PARC Group, the development will also add more retail space, with construction slated to begin later this year.

harris teeterCity Spotlight: Wilmington, DE, Sees Retail Opportunities Grow

Few would argue in-person retail is undergoing changes. Places like Wilmington, DE, are seeing their retail opportunities grow. The Greater Wilmington Business Journal recently reported that as some older retailers move out, many more are moving in. “I think the local retail market has been resilient. One reason is the number of new people moving into the area, many of whom are looking to start or relocate businesses,” said developer Dean Scarafoni of Live Oak Development Co. One new project includes The Crossroads at Independence in Wilmington, which will be anchored by a Harris Teeter grocery store. It’s scheduled to be completed in the first quarter of 2022.

toysrus at macysTwo Legendary Retail Brands Join Forces In-Store

It may be the push two legendary brands need to help each with their own historically large customer bases. Macy’s and Toys ‘R Us announced last week the toy brand will launch shop-in-shops in more than 400 of the department store’s locations in 2022. “As a Toys”R”Us kid, I could not be more excited to bring this beloved brand that so many of our customers know and love into Macy’s online and to our stores across America. Toys”R”Us is a globally recognized leader in children’s toys and our partnership allows Macy’s to significantly expand our footprint in that category while creating more occasions for customers to shop with us across their lifestyles,” said Nata Dvir, Macy’s chief merchandising officer. The folks at RetailDive.com noted that in a conference call this month, “the toy category didn’t even get a mention in Macy’s conference call or press release on the fourth quarter — when toy sales matter most” though Macy’s sees the partnership as an opportunity to attract an important demographic: millennial parents who shopped at Toys”R”Us as kids.

Spotlight Listing
Spotlight Listing
Details

Parkwood Place Shopping Centre

1600 15th Avenue
Prince George, BC V2L 3X3 Canada
Website

Stats

Gross Leaseable Retail Area
372,725 sq. ft.

Year Opened
1997

Owner/Developer
RioCan R/E Investment Trust

Retailers

Retailers Include
Cineplex Cinemas, Hudson's Bay, London Drugs, Save-On-Foods, Staples, Booster Juice, Quiznos, Michael's Jewelers, TL Nails, Sticky's Candy, Telus, Hope For Women, National Access Cannabis, Reflex Supplements

Summary

Summary
Located at the intersection of Winnipeg Street, 15th Avenue and Patricia Boulevard in Prince George, Parkwood Place Shopping Centre is a grocery-anchored centre that’s near a prime residential area, is easily accessible by vehicle and public transit, and maintains a loyal customer base. Parkwood Place Shopping Centre serves a primary market population of 78,075 with an average household income of $103,776.


got perspectiveShare it with DMM/Shoppingcenters.com Subscribers!

Are you interested in sharing your views about recent retail trends? The “Retail Industry Articles & News” section of our website has featured insightful perspectives from many guest contributors including Jeff Davenport of Davenport Consulting, Tom Pitegoff of Offit Kurman, Retail Journalist, Debra Hazel, and Real Estate Specialist Greg Parsons (to name-drop just a few). You can add your name to this list and become a guest contributor for DMM/Shoppingcenters.com. Read through some of our past articles to get a feel!