Argenta Riverfront.com
  • Home
  • Info
  • Community
  • Zoning
  • Contact
  • Blog

The Urbanization Of Retailers

4/2/2014

0 Comments

 
Last December, Walmart opened an 80,000-sq.-ft. store on the ground level of a four-story, 303-unit apartment building at 77 H Street in downtown Washington. It was the first Walmart of its kind. Could the world's largest retailer be ushering in a new era of urbanization, with retail returning to the streets of inner cities and downtown areas?

As reported in our March 25th post, one of the big predictions for commercial real estate is a move away from retail malls for retailers and commercial investors in suburban America. Part of this trend is due to the slow economic recovery, which has been a boon to discount and dollar store retailers. In a recent article for Crew Network, Faith Hope Consolo discusses various reasons for this expansion into urban America for discount retailers (see current trends in retail in north america), not the least of which are population density in urban areas, and the fact that the economic downturn left many urban Americans unable to shop beyond the necessities. In short, there are an abundance of customers who need these stores.

But even outside of big box discount stores, there is a rebirth of restaurants, boutiques and other retail establishments in new residential buildings which seem to sprout up everywhere there is available land to develop in downtown areas. Little Rock is no exception. Rivermarket Towers, Block 2 Lofts and 300 Third Tower are all located in Downtown Little Rock, within walking distance of ArgentaRiverfront. And of course the Argenta neighborhood of downtown North Little Rock has numerous new developments along the trolley line which is lined with retail establishments, as new to the neighborhood as Dickey-Stephens ballpark, home to the Arkansas Travelers.

0 Comments



Leave a Reply.

    Archives

    May 2014
    April 2014
    March 2014
    February 2014
    January 2014

    Categories

    All
    Argenta Neighborhood Revitalization
    Arkansas Commercial Real Estate
    Arkansas Real Estate
    Arkansas Riverfront Property
    Arkansas Riverfront Property For Sale
    Arkansas Tourism
    Barge Traffic
    Clinton Library
    Clinton Presidential Park
    Clinton Presidential Walkway
    Commercial Real Estate
    Commercial Real Estate Little Rock
    Downtown Little Rock Revitalization
    Film Festivals
    Hotels Little Rock
    Inland Waterway Land For Sale
    Investment Property Little Rock
    Investment Real Estate
    John Martin Little Rock
    Little Rock Film Festival
    Little Rock Investment Property
    Little Rock Railroad
    Little Rock Rail Yards
    Little Rock Transportation
    LRFF
    Main Street Little Rock
    North Little Rock Commericial Property
    North Little Rock Rail Yards
    North Little Rock Traffic Counts
    Port Arkansas
    Port Land For Sale
    Riverfest 2014
    Riverfront Property
    Riverfront Property Arkansas
    Riverfront Property For Sale
    Riverfront Property For Sale Arkansas
    Transportation Little Rock

    RSS Feed


Home

Information

Community

Zoning

Contact


Brought To You By
Moses Tucker Real Estate