Tuesday, October 18, 2016

LIMITED SPOTS AVAILABLE - Attend ICSC NY National Deal Making in December for a Steep Discount

As any broker or retailer can tell you, building relationships is critical to successful retail attraction and retail development. In our experience, attending ICSC Deal Making is among the most effective ways to build relationshped counts anyone?) are invaluable to communities looking to jump start their retail attraction efforts.
ips that lead to successful deals. The two days that are spent getting to know brokers, meeting property owner, developers, and service providers (

This is why we - and I say this as a member of the New York Deal Making planning committee - have fought so hard to ensure that members of the public and non-profit sectors are able to gain entry (including ICSC membership) for $395. This is nearly a 60% discount over combined entry and membership. For our public and non-profit sector partners attending Deal Making for the first or second time, this is a great chance to get a feel for the trade room floor, talk up your district with investors and retailers, and gain an understanding of just what it takes to make your experience a productive one.

Why is this discount for newbies? Because we have seen that the most productive experiences attending Deal Making come from those who are fully prepared to work the trade show floor - but this preparation doesn't happen overnight. It often comes after a few years of trial and error and relationship building. The first time for most attendees is frankly overwhelming. This discount is about giving those who have never experienced the trade show floor the opportunity to do so without the initial cost being a significant hurdle to entry.

Need help prepping? The communities that get the most out of this trade show known their market, prep adequately, set up meetings in advance, and work the relationships they started at Deal Making all year round. For some good tips and advice on how to hone your Deal Making approach, read this primer prepared by ICSC. LOA also provides coaching and technical assistance to support communities get the most out of ICSC. Feel free to call us for more information.

How to Apply. To apply for these limited discounts, please contact Michael Cowden at ICSC (mcowden@icsc.org).

For more information on New York National Deal Making, click here.

Thursday, October 13, 2016

High Streets, Main Streets, Cool Streets

Even though we often assume that the term "cool" is subjective, arbitrary, and up to the perception of the individual, Cushman & Wakefield in their recent publication Cool Streets, assert that economists and real estate analysts should be paying even more attention to what is cool, even if it is a moving target

Why is cool, in this sense, a new phenomenon? Technology could be giving the boost. I was listening to a podcast recently that commented how past generations measured cool through movie stars and models, new generations (Millennials and younger) are using social media influencers to gauge cool. Combined with social media geotagging, it is also easy to pick up on hip trending geographic areas.

The report does acknowledge that the spotlighted Cool Streets communities are largely hipster, unconventional embracing, neighborhoods, some are made up of longstanding bohemian and arts enclaves while other up-and-coming areas are driven by changing demographics and preference for urban living. Yes, hip neighborhoods have ebbed and flowed and aren't a new phenomenon; in the past they were mostly driven by intellectual or philosophical movements with niche subcultures, but this new movement of cool streets differs in its mainstream aspirations.

What used to take many decades for neighborhoods to become it places now can take a span of less than a decade. Case and point, Brooklyn's Williamsburg neighborhood. But being too cool makes a neighborhood ascend and then crash, or become mainstream way too quickly (again, Williamsburg). There is obviously a negative to crystallizing an area as cool. Many want to quickly seize the opportunity to cash in, but those that made the cool in the first place can head out in search of authenticity and character, which can deplete the charm and hipness. 

Their current top 15 Cool Streets are:

  • Brooklyn / Sunset Park
  • Chicago / Logan Square
  • Cincinnati / Over-the-Rhine
  • Denver / RiNo
  • Los Angeles / Silver Lake
  • Miami / Wynwood
  • Minneapolis / North Loop
  • Phoenix / Roosevelt Row
  • Richmond / Carytown
  • San Diego / East Village
  • San Francisco / Jackson Square
  • St. Louis / Delmar Loop
  • Toronto / West Queen West
  • Vancouver / Mount Pleasant / Main Street
  • Washington D.C. / Shaw

Wednesday, September 28, 2016

Retailer Spotlight of the Month: Joe and the Juice

Joe and the Juice is a Danish joint offering juices, shakes, coffee, sandwiches and other healthy quick meals. Since the opening of its first store in New York City’s SoHo neighborhood in 2015, the chain has quickly expanded to six other locations in Manhattan alone. The stores have contemporary trendy design and a lively young atmosphere.

Price Point: moderate

Target Market: millennials, hipsters, and patrons looking for quick healthy meal alternatives

History:  Joe and the Juice was founded in 2002 by Kasper Basse, a former karate champion, who wanted to create a healthy take-away place in Central Copenhagen. Since then the concept has expanded to 14 countries.

Expansion Plans:   With 7 locations in Manhattan and 2 coming to Florida and San Francisco, Joe and The Juice is quickly expanding its footprint in the American soil with plans to roll out additional locations in the next few years.

Site Requirements:  Flexible; stores vary from 1,200 to over 4,000 SF

Contact Info:

Friday, September 23, 2016

Do you have what it takes to lead a commercial district or downtown organization?

At this years International Downtown Association (IDA) annual conference I had a chance to sit in on a session on recent IDA report on "High Performing Distict CEO's". The report is part of a deep dive research effort by IDA, DHR International (a national placement firm), and Somerville Partners, Inc. (a leadership consulting firm). I attended the session because I have seen the challenges associated with managing urban districts - and have seen how difficult it can be to find the right person to lead an organization whose job is to lead and manage change. Panelists David Smith and Martita Mestéy gave an excellent presentation on the qualities of a CEO - I noted that many people in the audience were furiously taking notes!

The report itself is a fascinating analysis of leading CEO's throughout the nation. Fifty leaders in downtown management were asked to participate in a detailed online self-assessment instrument designed to identify leadership styles. The analysis then looked at CEO's with different staffing levels, budget sizes and CEO experience. While the entire report is worth a read (click here to download), what I found quite interesting was the comparison between CEO's running large organizations and those running medium-sized organizations.

Does size matter? 
In a nutshell, the answer is yes. Those running large organization's were more likely to collaborate with partners, rather than be the sole driver of major downtown initiatives. This made alot of sense to me, in part because the urban ecosystems associated with BIDs in large cities are likely more comlicated and therefore require partnerships to make progress.  These CEO's were also more "distant" over friendly or "succoriant" - perhaps reflecting the need for a professional and distant demeanor in a big city environment. They were also more generally focsed on the "big picture" and more likely to delegate work than CEO's from smaller mid-sized organizations.

CEO from mid-sized organizations, on the other hand, were often more "free-wheeling", prefering to wing it over establishing order. My guess is that bigger budgets require more systems in place to manage funds and activities. It takes a different kind of person to keep these systems humming. Mid-sized CEO's were also less "traditional minded" and more into the details when implementing projects, perhaps because a smaller staff means less opportunities to delegate?

In both cases however, high performing CEO's were flexible and creative in their approaches. Downtown management after all is a challenging field, requiring partnerships with a variety of actors over whom the CEO has no control. Succeeding in this environment at any level requires an ability to main interpersonal relationships and stay focused on a goal with persistance.

The report is available for download free to IDA members and $75 for non-members.

Wednesday, September 21, 2016

Round Up: Community-Run Commercial Space, City Power, Crowdfunding Green Space, NYC Kiosks Makeover, Detroit Small Business Growth

The Quest for Community-Run Commercial Space
England has pubs,  Paris has bookstores, so why can't New York City have state-sanctioned commercial spaces in an era of high commercial vacancy, especially in lower Manhattan, and shuttering of stores that are intricate to the cultural fabric of the city. The Real Estate Investment Cooperative steps in where the city is slow to form a plan.

Cities are powering the rebound in national income growth
For the most part we have recently seen headlines regarding a national income rebound. Much of the economic drive comes from US's thriving city economies.

Greening Urban Space through Crowdfunding
This a quick and simple example of using the power of community to green an urban space. Crowdfunding is not totally new but this short article sheds light on its usefulness to update a small derelict parcel of land for community enjoyment.

Free Wi-Fi Kiosks Were to Aid New Yorkers. An Unsavory Side Has Spurred a Retreat.
A new accessory to the streets of NYC has gone awry. These multifunctional units came to replace the underused or unusable pay telephones on the street but apparently came with too much functionality as people have begun to basically spend hours on end at them. This new NYC streetscape feature had good intentions and will be modified to ensure that those intentions are met for good. How is your district meeting technological needs?

Detroit Small Businesses Get Room to Grow
Grant money is giving Detroit business owners chance to grow. Does your city offer similar funding sources to help the entrepreneurial drive?  Big gains were noted in a follow up article "Entrepreneurship Fund Touts Big Gains for Metro Detroit."

Outdoor Seating: Recent Trends and Insights

Outdoor seating is an increasingly popular way to activate streetscapes and encourage economic development in neighborhood commercial districts. Outdoor seating has the capacity to attract more patrons by blurring the boundary between inside and out and bringing vibrancy to streets and commercial corridors.  Furthermore, it expands seating capacity for businesses and reinforces the image of a thriving downtown.

This London restaurant added removable planters to separate eating and circulation areas

During our work at LOA we have met many business owners who have shared with us the benefits that adding outdoor seating have brought to their businesses.  In fact, recent research by the Simons Advisory Group has shown that a simple deck or patio can increase revenue by up to 30 percent. What is it about outdoor seating that has such a large effect on customers? There are many factors involved, most of which revolve around comfort. Some people say that an outdoor dining experience makes the food taste fresher and better. Others simply enjoy gazing at the view as they share a meal with friends or family. Below are some recent trends*.

Sidewalk seating

One of the easiest ways to offer customers the joys of an open-air dining experience is to add a sidewalk dining area with a few comfortable sets of tables and chairs that match the restaurant’s theme. Sidewalk seating gives lots of flexibility, too. During lunchtime, diners will appreciate a casual dining experience as they watch pedestrians or sip a cold beverage while they enjoy the shade. At night, candles or umbrella lighting can make the atmosphere more intimate and create an attractive display for onlookers to enjoy. 

The added seating outside this bakery have brought vibrancy and liveliness to this section of Broadway, NYC

Rooftop dining

What if the business doesn’t have the space to expand outward? In these instances, many restaurateurs are instead choosing to expand upwards. From London to New York, diners everywhere are talking about rooftop eateries. Why? Because the bird’s-eye view allows them to take in beautiful city skylines or wide-open landscapes as they dine.

Dining in the garden

One of the industry’s hottest trends is farm-to-table food, and it’s a trend that is easily combined with outdoor dining. To take advantage of this trend, it’s less about the space — a sidewalk, deck, patio or rooftop — and more about what you grow in it. Some restaurants are landscaping their outdoor dining areas with the same fruits and vegetables that they’re serving their customers. With the addition of a few raised beds, you can create a wonderfully relaxing environment for your guests while growing some of the lettuce, tomatoes, peppers and other fruits and vegetables that you’ll be serving.

 Inspired? As a downtown district practitioner you can (and should!) encourage the trend:
  • Consider a program for helping local business owners navigate permit process and even a grant to offset their initial costs (i.e. to help with design services, or outdoor furniture, etc.)
  • Help with expediting the process. Nearly all municipalities require some sort of outdoor dining permit so consider creating a simple guide to the permitting process or providing individual guidance to business owners.  
  • Track the number of establishments with outdoor seating and share their success with other business owners. This could inspire many others to join the trend.

*Based on trends by Jeff Caldwell written for http://www.fastcasual.com

Tuesday, September 13, 2016

IDA Atlanta: A Few Takeways

We came back from IDA Atlanta inspired with the exciting panels we had the opportunity to attend. For those who missed the conference (and the fun!) here are some key takeaways:

The rise of mid-tier cities – millennials are moving back to mid-tier cities attracted by real estate affordability and quality of life.  Some lessons learned:

  •       Yes, millennials are moving back but they want to see positive change if they are to stay. They not only want to see those cities improving, but they want to be part of the change. Cities willing to attract (and especially retain) this population need to provide avenues for active civic engagement (and not just events).
  •       Walkability and the availability of multiple transportation options are the main factors attracting residents and businesses downtown.
  •       Availability of retail (eating establishments as well as stores) within walking distance of work is an amenity increasingly valued by employees and employers alike. Thus, investing in downtown commercial corridors, making them walkable and vibrant, is a necessary economic development strategy for those cities willing to attract the young skilled labor force (of the not so distant future).

Vibrancy is an economic development engine, but in districts with an active nighttime activity it is fundamental to balance the needs of customers and nearby residents. Some lessons learned:

  •       After complaints from residents, Edmonton installed urinals and found that over 500 people used them every night. With that information in hand, local commercial district practitioners were able to successfully advocate for the installation of public restrooms. 
  •        Night transportation is a problem.  In many cities public transit stops service before restaurants and bars close, forcing people to rely on automobiles. In many nighttime areas, traffic becomes a problem, with all the taxis, ubers and lyfts parking around to pick up customers. To address this problem, Austin created designated places for taxis and car service companies with strong enforcement.
  •       The creation of a local Hospitality Business Association (or Committee) is a first step towards establishing better interactions between businesses and local communities. Having open meetings between the association and community members allows for constant communication and having issues addressed before they become a problem. 
  •       A successful example includes the creation of local Community Court programs that allow people who commit low-level misdemeanors to avoid a criminal record if they complete community service and pay a smaller fine. The service typically ranges from clean up to graffiti removal events. The Beach Area Community Court in Pacific Beach has had an acceptance rate of 88% (of offenders accepting to participate in the program) and reports a recidivism rate of less than 5%.

      Civic engagement is no longer an option -  it is a must in creating more authentic and inclusive revitalization initiatives. Some of the main challenges include avoiding narrow interests to hijack the public dialogue, including the voices of the typically missing groups (minorities), and maintaining public trust in the process and the players. Some ideas and tools to address these challenges include:

  •       One way to generate meaningful participation includes the Appreciative Inquiry (AI) approach by focusing (and valuing) on what is working in the district, analyzing why it is working and fostering more of it. The basic tenet of AI is that a district(or organization) will grow in whichever directions the people in the district focus their attention.
  •      One way to reach people that are typically absent from the discussion is to bring the questions (the process) where they are and at the times that they are there (i.e. engage local students and have them interview their elders; bring the project to a local coffee shop, or the farmers market, and ask only one or two questions to make sure more people participate).
Some interesting engagement tools include:
Liberating Structures is an engagement model that facilitates relational coordination and trust. It consists of microstructures that foster lively participation in groups of any size, making it possible to truly include and unleash everyone. The website has a menu with 34 structures on how groups can organize interactions and work together in multiple ways.  

Neighborland is a platform that allows civic leaders to collaborate with local communities in an accessible and participatory way. It does that by integrating on-site and online community feedback within the project website and allowing for continual feedback and online discussions.

MetroQuest is a community engagement software designed to educate communities and collect informed input in a short period of time. Participants can see the impact of their choices in real time and learn alternatives and tradeoffs based on their own priorities.