MULTIFAMILY NEWS
- Are you familiar with Fitwel? Fitwel is the world’s leading certification system that optimizes buildings to support health. The Mckenize, a luxury high-rise in Dallas was just recognized as the first Fitwel multifamily development in Texas. Enhanced ventilation practices, smart lighting, and outdoor spaces are just a few of the criteria for Fitwel.
- A shift in senior housing…With folks living longer, senior housing developers are shifting their focus to building more active, multifamily communities. Inevitably, there will be a shift away from the institutional feel and a stronger focus on preventive healthcare.
RETAIL & OFFICE NEWS
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- Grocery stores are taking the cake in retail. Supermarkets grew their footprint by 30% last year and show no signs of slowing down. Stores are becoming smaller and focusing more on local offerings. Aldi opened 82 stores last year and their competitor Sprouts opened 30 stores.
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- Another one bites the dust. Tommy Hilfiger is closing its doors on Fifth Avenue. The 22k sq. ft. location has been a staple for the last decade. Moving forward, Tommy Hilfiger will be focusing on building out its next generation of retail experiences and partnerships.
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- Are medical offices focusing on better patient experiences? You bet they are. Medical officer developers are “putting a heightened emphasis on design principles that enhance the overall patient experience,” said Thorn Baccich, Flagship Healthcare Properties’ vice president of development.
- CBRE dives into the coworking space. The concept is called A&B (aka Above & Beyond). It’ll combine coworking space with other amenities and technologies. The basic premise revolves around providing more than a physical space. A&B will take a page from the hospitality and technology (AI specifically) industries. The concept will be in 20 major U.S. markets by the end of 2019.
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