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Posts tagged Peachtree Center

Making News: Our Clients in the Headlines 4/25/17

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mia-nickgarzia1. Are indoor shopping malls becoming extinct? Or is a resurgence upon us? That depends on whom you ask. Many retail industry watchers are down on malls—and with good reason. Big bankruptcies are driving big vacancies. The flip side is, these big vacancies are driving strategic redevelopment opportunities that could revitalize models with an experiential retail twist. GlobeSt.com recently caught up with Nick Garzia, director of leasing for Atlantic Station to get his take. “I don’t think malls are becoming extinct, but I do think they are changing. A stratification of product type has been taking place over the past several years.”

2. If you’re headed to downtown Atlanta this spring, you’ll want to read this Atlanta Journal Constitution article detailing the top restaurants within walking distance of the city’s major sites. Our favorite is Peachtree Center’s retail center, whose culinary options include Gus’s World Famous Fried Chicken, Panbury’s Hand Pies, Tin Lizzy’s Mexican, Aviva by Kameel Mediterranean and several other spots.

3. Teen members of the U.S. Bank Boys and Girls Club in Cincinnati now have a space all for themselves. Aaron’s, Inc. partnered with Boys and Girls Clubs of America in 2015 to renovate clubs across the country and their latest renovation occurred last week in The Queen City. The teenagers helped design the space and associates from Aaron’s took over from there. See this local CBS article and video for more information about the Teen Center, which is now equipped with new technology, sectional sofas, tables and chairs and a new sound system.

4. Another quarterly earnings season is in the books, and while there were a few star performers, it was another dismal one for retailers. It seems almost a daily occurrence — headlines littered with the next retailer that struggled under the weight of aggressive competition and changing consumer preferences. To help make sense of what retailers can expect from the coming price war, and how they can win each battle, check out Revenue Analytics’ Jared Wiesel’s article in Total Retail.

5. On the latest episode of NPR WUKY’s Business Side, Brennan Fielder talked with Lindsay Bayer-Shipp, creative director and brand strategist at Bayer Properties, the Alabama-based developer set to debut the Summit at Fritz Farm, a sprawling new retail and dining complex on Nicholasville Road at Man O War Boulevard in the shadow of Fayette Mall. The grand opening event is this Thursday, April 27th.

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Making News: Our Clients in the Headlines 7/7/16

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  1. Wilbertblogphoto(1)How did you celebrate Independence Day? In Atlanta, CRE pros displayed their patriotism by participating in the city’s many events, as reported in this Bisnow article by Jarred Schenke. Wilbert client North American Properties’ Liz Gillespie donned red, white and blue during the firm’s first annual 4th on the Square event at Colony Square in Midtown. The event took place Monday with music, food and a place for spectators to watch the Peachtree Road Race participants.
  1. In the June issue of Real Estate Forum, the magazine profiled “CRE’s Best Bosses.” Coming in at number one is Andrew Wright, Franklin Street CEO and Wilbert client. Wright won based on a poll by Real Estate Forum’s readers, totaling nearly 4,000 votes. The young CEO was 26 when he established the company in 2006. Since then, he has grown the full-service CRE firm from four people to 200 staffers in six offices in major markets throughout the Southeast, all focused on delivering value-added solutions to CRE owners and occupiers nationwide.
  1. WIlbertblogphoto(2)Mickey Mouse toothbrushes. Minnie Mouse watches. Toys, t-shirts and trinkets. Is there a brand or product that simply shouldn’t be Disneyfied? Incredibly, the answer might be no. Disney recently joined with clothing and accessories brand Coach on a collection that includes a $250 wristlet with oversize Mickey Mouse ears, a $1,995 leather motorcycle jacket with a studded Mickey Mouse silhouette on the back, and $245 Mickey Mouse sneakers. Wilbert client Revenue Analytics’ Jared Wiesel detailed his opinion of the matter in this MarketWatch article, saying, “If executed correctly, this unique offering should be relatively insulated from direct competitive threats and create a reason for new and existing customers to engage with the Coach brand.”
  1. Last month, Breakthrough Atlanta, in partnership with the Atlanta chapter of the National Basketball Retired Players Association and Wilbert client Aaron’s, hosted its second Celebrity Basketball Game at The Lovett School’s Wallace Gymnasium. The game featured a friendly competition between Team Dale Ellis and Team Dikembe Mutombo, along with several of their fellow NBA legends. Breakthrough Atlanta’s programs help middle and high school students develop the academic skills and study habits to enroll and succeed in college – and, ultimately, in life.
  1. According to the Atlanta Journal Constitution’s J. Scott Trubey Wilbert clients Colony Square and Peachtree Center were “mixed-use before mixed-use was cool.” Now these Atlanta landmarks are gearing up for major overhauls that their owners say will open the developments to their surroundings. In December, North American Properties and equity partner Lionstone Investments acquired the two office towers and mall and announced plans to turn Colony Square into Midtown’s “living room.” For Peachtree Center, the basic design won’t change, but there are plans to add restaurants and shops in the outdoor plaza to make the complex more inviting.

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Making News: Our Clients in the Headlines 5/12/16

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  1. MW-EM519_macys__20160511141748_ZHMacy’s is in real trouble. The retailer, whose shares were down some 14 percent at one point Wednesday, is facing headwinds from a “second consecutive year of double-digit spending reductions by international visitors in major tourist markets where Macy’s and Bloomingdale’s are key destinations,” said Chief Executive Terry Lundgren in a statement. However, Jared Wiesel, partner at Wilbert client Revenue Analytics, told MarketWatch that, “there’s no doubt the softer global economy and the strength of the dollar is having an impact, but to say that sales dropped seven percent and say that that’s the major driver, I’m a little skeptical.” Wiesel advises the retailer to invest in better analytics and promotions practices.

 

  1. It’s not all bad news for retailers. Leon Stafford at the Atlanta Journal Constitution recently wrote about phase II of Wilbert client Avalon, which has landed some shopping heavy hitters, including Brooks Brothers, Levi’s and Urban Outfitters. The 86-acre mixed-use project, set to open next spring, also has leased space to Lucky Brand, The Boardroom Salon for Men, Hop City, Rumi’s Kitchen and Brine Fish House. Phase I of the project — which includes a Whole Foods store, movie theater and high-end apartments — opened in September 2014.

 

  1. Dave Williams at the Atlanta Business Chronicle recently reported on the latest National Labor Relations Board (NLRB) “quickie” elections figures, supplied by Wilbert client Fisher & Phillips. It turns out, the quicker the “quickie” union election is held, the more likely is a union victory. The firm looked at union certification elections across the country since last April, when the NLRB adopted rules allowing unions seeking to organize workers to hold elections within 11 days of filing a petition. While Fisher & Phillips found the victory rate for unions since the rules took effect has remained unchanged at 66 percent, union wins jumped to 85 percent in elections held within two weeks of a petition filing.

 

  1. web-toddler-Atantic-Station-600-x-400Need to know what to do with your toddler this summer? Look no further: Wilbert client Atlantic Station’s Central Park becomes a playground on Tuesdays, with games, storytelling, toys, music and special guests appearances. It’s available for toddlers younger than age five through September, and the best part: it’s free! You can check out other toddler activities in and around Atlanta here, which also includes Avalon’s Plaza, with face painters, storytellers, magicians, zoo animals and more.

 

  1. The Atlanta Jazz Festival lights up Piedmont Park at the end of the month, but metro music lovers don’t have to wait until then to get their groove on. The “31 Days of Jazz” is in full swing, with tunes on tap throughout the city. Workers taking a lunch break at Wilbert client Midtown’s Colony Square can hear music on the outdoor plaza on Thursdays from noon until 1 p.m., while those in (another Wilbert client) Peachtree Center will be entertained in the food court on Fridays.

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