A fairly new trend that is sure to pick up speed in 2023 is to have social media influencers parlay their fame into brick-and-mortar success stories. Smart investors and savvy mall operators did this in 2022 by keying in on the high traffic clicks from YouTube and TikTok in order to find their next star tenant. More
Perry’s Steakhouse & Grille signed a long-term lease for a freestanding site at the Hawthorn Mall shopping center in Vernon Hills, a suburb located about 37 miles north of Chicago. Expected to open in late 2023, Perry’s will fill one of three pad sites on the exterior of the mall. The tenants for the other More
In January, JLL Capital Markets announced it brokered the sale of a freestanding retail building, called South Bank, which houses eight popular dining and entertainment tenants along the famous River Walk in San Antonio, Texas. Acquired by Fifth Corner (aka “The Irreplaceable Corner Company”) for an undisclosed sum, the property had most recently been appraised for $15.3M More
Although salad chains have been a staple in coastal metro locales, there is now a push to open health-minded dining brands in more Midwest and Southern territories. This is due in part to the migration of Americans that have also relocated to these states for various reasons. More
New retail development solely devoted to entertainment pursuits that incorporate the great outdoors, either with fresh-air activity tenants or with construction that embraces the feel-good benefits of nature, is becoming a hot trend. As more and more Americans adopt an overall well-being mentality and all that entails — including adding more movement and socialized fun More
With the 2023 shopping mall trend geared toward a fusion of entertainment and technology, the renovations at the Miracle Mile Shops at Planet Hollywood Resort & Casino in Las Vegas, which began in 2021 and are expected to be complete by the spring of 2023, are sure to be a major draw for tourists near More
Every month, we reach out to retail industry leaders in order to gain their perspective on the market. This month, we asked: Do you have any particular thoughts on what the customer shopping/dining trends will be for 2023? Beth Azor (aka “The Canvassing Queen”), Founder/Owner, Azor Advisory Services, Inc. I have found across the country, More
To help out those shoppers who may be feeling a bit “bah humbug” during the months of November and December, and to help boost sales during the winter months, the owners and operators of restaurants, bars, hotels and malls may want to consider contacting a more grown up version of Santa’s helper for the upcoming More
