The ICSC Blog

May 31, 2011
by smalcolm
Comments Off

Mall owners out to woo nontraditional tenants

U.S. department stores gained market share last year for the first time in 30 years, according to Custom Growth Partners. Though the increase was just a single basis point — from 2.4 percent in 2009 to 2.5 percent last year — it is significant given the sector’s recessionary struggles. Department stores and malls took the…

May 18, 2011
by smalcolm
Comments Off

ONE WORLD ONE MUSIC.

How can a Canadian shopping centre professional based in India, help over 5000 needy young musicians in South Africa through his volunteer involvement with a California drum and bugle corps? “Facebook and the power of social media” says Phil McArthur, Senior Vice President of Ivanhoe Cambridge India. McArthur has always believed that shopping centers make…

May 6, 2011
by smalcolm
Comments Off

Glasgow’s Argyll Arcade regains its luster

By Bennett Voyles While scouting Europe for new uses for some property, mahogany importer John Reid discovered the elegant covered shopping passages of Paris. Glass-covered shopping arcades had been popular in the notoriously rainy city for 29 years and in equally rainy London for eight. Reid bet that a similar arcade would do well in…

April 18, 2011
by smalcolm
Comments Off

Easton Town Center is emulated the world over

By Dees Stribling If imitation is the sincerest form of flattery, there was nary a more sincerely flattered project than the 1.7 million-square-foot retail component of Easton Town Center during the building boom of a few years ago. Today, 10 years after developers Steiner & Associates and the Georgetown Co. completed the second phase of…

April 11, 2011
by smalcolm
Comments Off

Limiting Liability: Landlords and Tenants Work Together to Create Safer Shopping Centers

By María Bird Picó Declining sales and property values and a generally sour economy offered developers little scope for revenue growth at the end of 2009. But U.S. landlord Developers Diversified Realty saw one area, at least, where it could cut costs: liability insurance. “We began asking ourselves how we could reduce costs, seeing it…

March 9, 2011
by smalcolm
Comments Off

Paris’ Biggest Retail Center to Get Major Overhaul

By Bennett Voyles Le Forum des Halles is the biggest shopping center in central Paris. It is one of Europe’s most profitable. And it is roundly hated by many Parisians, who regard the three-decade-old, nearly 650,000-square-foot center as cramped, unsafe and spectacularly ugly. But the center Paris loves to hate is soon to undergo a…

March 2, 2011
by smalcolm
Comments Off

Retail development surges in Ecuador

By María Bird Picó When the Quicentro Sur mall opened in Quito, Ecuador, last September, the country’s biggest bank, Banco Pichincha, opened three high-tech, nonstaffed branches in it. The city’s tech-loving northern residents like them. Those in the southern neighborhoods, however, sulked. So the bank plans to open a staffed branch there this year. There…

February 2, 2011
by smalcolm
Comments Off

How Antara Polanco Revived a Corner of Mexico City..

How Antara Polanco Revived a Corner of Mexico City By Maria Bird Pico Skeptics predicted that Antara Polanco would become a white elephant, albeit a beautiful one. Instead, not only has this architecturally precocious mixed-use center grown over the past four years into a vibrant shopping and office complex, it has spurred other ambitious projects…

January 19, 2011
by smalcolm
Comments Off

Retail Drives Caribbean Growth, Conference Hears…

The retail boom taking place in emerging markets has not skipped over the Caribbean region thanks to the continuing and steady growth of tourism and government initiatives to attract private investment, speakers said Tuesday during the first day of ICSC´s Caribbean Conference taking place this week in San Juan, Puerto Rico. “The industry will grow…