Big changes are already underway in traditional retail development – from building more immersive store environments, to innovative mixed-use properties, to adaptive re-use and re-development of underperforming spaces. On the other side of the spectrum, the industrial property inventory has been unable to keep up with ravenous demand from e-commerce uses, driving up the cost of industrial space.
Terranova’s very own TRENDS Magazine.
“Nearly every major retail destination has had a diverse dining element as an anchor to the experience,” says Josh Gelfman, Director of Development for Terranova Corp. ” The same is true worldwide – from one end of the globe to the other – and for decades running.” Gelfman’s insights help shed light on the real estate and management company’s recent addition to the South Beach market – The Lincoln Eatery.
Fresh off one of the busiest and largest new development cycles the area has ever seen, metropolitan Miami-Dade is continuing to thrive while many other urban markets are slowing down. Even as residential sales are leveling off, Miami’s retail component is strong, growing, and pushing to respond to ever-increasing demand for high-street locations in the City’s most popular neighborhoods.