CHALLENGE Vacant or abandoned retail property can often take a beating during winter. Few or no tenants combined with security and weather conditions leave retailers at risk for disaster. If a property is not properly winterized, property issues such as freeze damage, burst pipes, and flooding can happen. In situations where there is no one […]
Reprinted from Arch Daily Written by Ankitha Gattupalli Published on August 19, 2024 The continuation of remote work practices has altered cities’ bustling downtown areas along with the traditional office landscape, leaving behind many vacant spaces whose future purpose is a matter of speculation. Four years after the onset of hybrid working policies, office occupancy […]
Reprinted from Nexycity.org. Cinnamon Janzler Florida’s Zero Empty Spaces connects artists with spaces in otherwise vacant spots to bolster their careers, activating unused space in the process. Since the pandemic, large swaths of office space across the United States have sat vacant. The downtown areas and other commercial centers that have enjoyed the built-in […]
Reprinted from: StarTribune Minneapolis Elliot Hughes City officials and residents say owners of vacant buildings aren’t under enough pressure to restore their properties to occupancy amid a housing shortage. The Minneapolis City Council unanimously approved a measure Thursday meant to up enforcement. Some vacant buildings in Minneapolis sit empty and weather away for years, perhaps […]
Reprinted from AP U.S. News: DETROIT (AP) — Patricia Kobylski remembers when there were lots of people living in her eastside Detroit neighborhood. There aren’t as many anymore — and haven’t been for a long time. “Right now, on our side of the street there are probably only 10 houses. Should be 50, […]
How long can we expect Red Lobster properties to remain vacant? The recent announcement of Red Lobster’s bankruptcy has created a significant pool of vacant sit-down restaurants across the United States. There has been no shortage of opinions about the demise of Red Lobster in traditional media, social media, and blog posts. Some opine on […]
You thought your vacant commercial property was secure. Perhaps you were transitioning to a sale or maybe renovating for a new tenant. You locked doors and used outside security lighting to ward off vandals. Then, the local police call you reporting repeated crimes or maybe the building department in some far away state starts issuing […]
Reprinted from TRIB Live. A judge hit the owners of the shuttered Century III Mall with a hefty fine Wednesday in response to the dilapidated condition of West Mifflin’s once-mighty shopping center. During a brief hearing Wednesday, District Judge Richard D. Olasz Jr. fined Century III Mall Pa. LLC and Moonbeam Capital Investments just […]
Whether you believe this is an ancient Chinese proverb or as some report, a phrase coined by politician Frederic R. Coudert in 1939, the message is clear. Times have changed, providing people and businesses alike with unforeseen challenges. It is how we respond that makes the difference. We went to the front lines to speak […]
Reprinted from RetailDive.com Dive Brief: By the fourth week of January, announced store closures across the retail industry — at 742 total — were down 65% compared to the same time last year, according to the latest counts by Coresight Research. CVS accounts for 300 of those closures. Store openings, meanwhile, stood at 1,910, a 3% increase from last […]