News & Trends

Café Ginger Relocating, Opening Second Location

Posted on 2.28.17 by Marci Fermier in News & Trends, Retailer Spotlight

HOUSTON – February 28, 2017 – CBRE announces that Café Ginger will relocate its River Oaks Shopping Center location later this year or early next year to the former Mama Fu’s and Verts spaces at River Oaks Plaza at 1574 West Gray Street in Houston, Texas. Both spaces are being combined and renovated for Café Ginger’s new 5,005 square foot restaurant. 

Eric Lestin and Kyle Golding of CBRE represented Café Ginger in negotiations with the landlord, Anbil II-Ro L.P., which was represented by Carson Wilson of Fidelis Realty Partners.

In addition to its relocation in River Oaks, Café Ginger owners will also open a second location in BBVA Compass Plaza at 2200 Post Oak Blvd. in Houston. The former OKA Uptown restaurant is undergoing renovation and will open as a Café Ginger in early March.

“This restaurant is one of Houston’s gems and we are excited to see them expand their footprint. Both West Gray and Uptown benefit from being high-traffic areas; I’m certain shoppers, residents and nearby businesses will enjoy having Café Ginger nearby.” Eric Lestin, senior vice president, CBRE said.

CBRE Selected as Retail Leasing Agent for West Ave

Posted on 1.19.17 by Marci Fermier in News & Trends, Retailer Spotlight

HOUSTON – January 19, 2017 CBRE announces the exclusive retail leasing assignment for West Ave in Houston, Texas. West Ave, located at the intersection of the River Oaks and Upper Kirby Districts, is a thriving retail development featuring a broad mix of fine dining establishments, contemporary cafes, services and boutiques.

CBRE’s Radkey Jolink and Bruce Wallace are the leasing advisors on behalf of Gables, owner and developer of West Ave.

“West Ave showcases the quality and variety that Houston’s retail market offers,” said Mr. Jolink, Vice President, CBRE. “There is a heavy interest from contemporary retailers to locate their business at this intersection because of the area’s thriving pedestrian activity. The surrounding area coupled with West Ave’s mix of well-known regional and national brands makes this a true gem for Houstonians seeking a fashion, dining and mingling destination.”

Notable tenants include Cru Food and Wine Bar, Eddie V’s Steak House, Ivory Bridal Atelier, Milk + Honey Salon and Spa, Suit Supply, Pondicheri, Revolution Studios, and Tootsies. With 175,000 square feet of luxury dining and retail space, West Ave is currently 88 percent leased and has several immediate availabilities for lease.

CBRE Identifies San Antonio’s Pearl District Among 22 Prime Global Examples of Growing Retail Placemaking Trend

Posted on 1.9.17 by Kim McClellan in Industry Education, Market Insight, News & Trends

Effective Retail Places Use Leisure, Technology, Planning To Lure Shoppers, Who Now Want Shopping To Be Both Functional, Social

SAN ANTONIO – Jan. 9, 2017 – CBRE Group, Inc. released a report defining retail’s role in the growing trend of placemaking, as retail centers across the globe strive to create environments that attract shoppers and keep them returning amid the expanding culture of online shopping. The CBRE report spotlights 22 international retail centers, including the Pearl neighborhood in San Antonio, that illustrate the varied ways in which retail owners and occupants are creating unique consumer experiences today.

CBRE researchers selected the report’s highlighted properties by considering those established among the best in their region and that include at least one of five key components that CBRE identifies as critical for placemaking:

  • Leisure elements such as restaurants, bars, theaters, sports facilities or scheduled events.
  • Incorporation of technology such as social media and online sales, as well as tools such as public Wi-Fi and parking apps.
  • Consideration for sustainability and well being for tenants and visitors.
  • A focus on vertical, multistory retail, most often in urban environments.
  • And a strong master plan for seamlessly combining varied uses in one property.

San Antonio’s Pearl neighborhood, a redevelopment of the historic Pearl Brewing Company, has been a catalyst for the reinvention of San Antonio’s urban core. It exemplifies placemaking with a focus on leisure and all things culinary, fueled by people, culture, walkability, experiences and food. Since the redevelopment project began in 2002, Pearl has focused on creating authentic experiences and nurturing entrepreneurial endeavors.

Phillip Halliday, Senior Associate, Retail, CBRE said: “With the Culinary Institute of America as an anchor, Pearl has carefully created a thriving cultural destination made up of chef-driven restaurants, a farmers market and signature food events—all rooted in authenticity and excellence. This dynamic culinary scene has become one of Pearl’s main attractions and points of differentiation, and has put San Antonio in the national spotlight.”

Pearl is now one of the city’s top destinations for locals and visitors, and walkability is a key element, connecting the residential, office and retail components to create a vibrant urban community across 16 blocks and nearly 23 acres. The developers have focused strongly on historic preservation throughout the project, as well as sustainability through materials and systems.

Gene Williams, First Vice President, Retail, CBRE said: “The Historic Pearl Brewery Development is truly an internationally recognized project defining the modern trend of urban placemaking. It has been a catalyst for changing the landscape of San Antonio and moving our city to the top of the priority list for growth and expansion by virtually all of the top retailers across the country. With more phases of development to come, we are sure to see many new retailers enter the market and focus on opening stores in the Pearl area.”

Overall, retail plays a critical role in placemaking in that stores, restaurants and entertainment venues contribute substantially to creating a property’s environment and visitor experiences. Such placemaking now is essential for retail developers and investors, as shoppers want their excursions to be both functional and social. At Pearl, visitors can participate in a variety of events focused on food, music and all things local, such as the popular weekly farmers’ market with products sourced within a 150-mile radius.

“Great retail placemaking isn’t limited to one country or one continent,” said Anthony Buono, Chairman of CBRE’s Global Retail Executive Committee. “From the eclectic mix of local eateries in New York’s Chelsea Market to the technological amenities of Hong Kong’s Yoho Mall and the leisure and entertainment options at London’s Spitalfields market, best practices in retail placemaking are applicable globally. These lessons are vital to learn as e-commerce changes shopping habits.”

Other North American properties featured in the report include New York’s Chelsea Market, Los Angeles’ Runway at Playa Vista, San Francisco’s Ghirardelli Square, the Miami Design District, Toronto’s Distillery District and Lima Larcomar in Lima, Peru. The report’s other examples range from globally known properties such as the Dubai Mall in the United Arab Emirates to emerging projects such as Stockholm’s Mall of Scandinavia district.

CBRE Identifies 22 Centers Across Globe As Prime Example Of Growing Trend Of Retail Placemaking

Posted on 12.6.16 by Kim McClellan in Industry Education, Market Insight, News & Trends

Effective Retail Places Use Leisure, Technology, Planning To Lure Shoppers, Who Now Want Shopping To Be Both Functional, Social

Los Angeles – Dec. 6, 2016 CBRE Group, Inc., today released a report defining retail’s role in the growing trend of placemaking, as retail centers across the globe strive to create environments that attract shoppers and keep them returning amid the expanding culture of online shopping. The CBRE report spotlights 22 retail centers across the globe that illustrate the varied ways in which retail owners and occupants are creating unique consumer experiences today.

CBRE outlines in the report several components common to well-crafted retail places, of which a prime, still-unfolding example is addition of technology into the experience of shopping.

For example, Hong Kong’s Yoho Mall offers apps to help shoppers find parking spaces, sign onto restaurants’ wait lists and obtain instant coupons from the mall’s stores. The Val D’Europe Shopping Center in France provides digital totems and interactive kiosks to guide shoppers through the property. The DLF Mall of India in New Delhi offers digital video walls, free wifi and way-finder apps.

Overall, retail plays a critical role in placemaking in that stores, restaurants and entertainment venues contribute substantially to creating a property’s environment and the experiences that visitors have within it. Such placemaking now is essential for retail developers and investors as shoppers want their excursions to be both functional and social.

“Great retail placemaking isn’t limited to one country or one continent,” said Anthony Buono, Chairman of CBRE’s Global Retail Executive Committee. “From the eclectic mix of local eateries in New York’s Chelsea Market to the technological amenities of Hong Kong’s Yoho Mall and the leisure and entertainment options at London’s Spitalfields market, best practices in retail placemaking are applicable globally. These lessons are vital to learn as e-commerce changes shopping habits.”

CBRE researchers selected the report’s highlighted properties by considering those established among the best in their region and that include at least one of five key components that CBRE identifies as critical for placemaking:

  • Leisure elements such as restaurants, bars, theaters, sports facilities or scheduled events.
  • Incorporation of technology such as social media and online sales as well as tools such as public wifi, parking apps and the like.
  • Consideration for sustainability and well being for tenants and visitors.
  • A focus on vertical, multistory retail, most often in urban environments.
  • And a strong master plan for seamlessly combining varied uses in one property.

The report describes the placemaking advantages of seven properties in the Americas: New York’s Chelsea Market, Los Angeles’ Runway at Playa Vista, San Francisco’s Ghirardelli Square, San Antonio’s Pearl District, the Miami Design District, Toronto’s Distillery District and Lima Larcomar in Lima, Peru.

The report’s other examples range from globally known properties such as the Dubai Mall in the United Arab Emirates to emerging projects such as Stockholm’s Mall of Scandinavia district.

To view the report, click here.

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Gather Kitchen Opening First Location at Thanksgiving Tower in Dallas CBD

Posted on 11.1.16 by Kim McClellan in News & Trends, Retailer Spotlight

DALLAS – November 1, 2016 CBRE announces Gather Kitchen, a new fast casual restaurant, is slated to open at Thanksgiving Tower in Downtown Dallas in early 2017. This is the first location for Gather Kitchen, which will serve healthy comfort food using local and seasonal produce gathered from local farmers.

Touted as a new generation of fast food, this restaurant was conceptualized by Nicki Hamilton who joined forces with seasoned restaurateur Soraya Spencer, who has opened eight restaurants across the world. The two women bonded over a common need for a quick comfort food option and together they created a unique concept that offers infinite choices with ingredients from local farmers. Breakfast, lunch and dinner bowls are assembled along an assembly line for complete transparency on ingredients. Customers will choose from a variety of base proteins, vegetables and five scratch-made sauces created by Mrs. Spencer and Mrs. Hamilton.

The 2,400-square-foot restaurant will also feature a bakery corner with original recipes, including gluten free and vegan options, an outdoor seating area, and floor-to-ceiling windows with spectacular views of the Dallas CBD. 

“Downtown Dallas is booming, growing and evolving and we believe our concept fits a need for professionals in downtown who want a quick, casual, healthy and limitless menu,” said Mrs. Spencer.

Gather Kitchen will serve Monday-Saturday from 7 a.m. to 9 p.m.

“As part of our renovation of this iconic building, we want to provide distinctive, high-quality restaurant options,” said Billy Prewitt, Executive Vice President, Woods Capital Management. “Gather Kitchen’s unique combination of healthy comfort food and a fast casual setting fits the bill perfectly. They are going to be a big hit with our tenants and a great amenity for the Main Street District.”

CBRE’s Greg Pierce and Ryan May represented Gather Kitchen in site selection and lease negotiations. CBRE’s Jack Gosnell and Amy MacLaren represented the landlord, Woods Capital Management.

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