Shopping Center Business

MAY 2017

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HISTORIC BUILDINGS 174 • SHOPPING CENTER BUSINESS • May 2017 like we've scratched the surface yet in at- tracting that customer." But big progress has been made on us- ing tenanting to shift the identity of the Knox District. Nagy's vision for the area is to introduce emerging retailers, names that aren't always so familiar, and small, chef-driven restaurants so that the result lies in the sweet spot between very high- end luxury shopping and a mall type of experience. "Knox allows itself to be more of an or- ganic shopping experience that can exist completely separate from the mall or the luxury shops nearby," Nagy says. The entire district is approximately 200,000 square feet of retail and restau- rant space. Sarofim is starting demolition this summer on a block that currently has about 15,000 square feet of retail but that will bring back in about 60,000 square feet of new retail and restaurant. In the past few years, Atlanta-based clothing retailers Sid and Ann Mashburn have opened, as has Lululemon, Steven Alan, Stag Provisions for Men, Kate Spade, Marine Layer and Outdoor Voic- es, an activewear retailer based in Austin, Texas. "We're getting to the point where we're continually adding more and interesting apparel that you don't find anywhere else in Dallas," Nagy says. "It's really creating a buzz." The most buzz-worthy retailers are not thinking as retailers used to, Nagy says. "To me, it's got to be interesting, unique and experiential. It's gotten to the point where one store doesn't even look like another. Most retailers want roughly the same size space, but they don't have the mindset of a prototype, and they don't come in and do the same thing over and over again, which I think got some of our national retailers in trouble over the years." Nagy says many retailers are using their online sales knowledge to supply the kind of merchandise they know will sell in any given market, and even designing individ- ual stores to more closely complement local culture. Recently, the Chili's lease expired, and the 6,500-square-foot-space was divided into four separate spaces. On the end-cap, a local French restaurant, Le Bilboquet, will open a 2,800-square-foot oyster bar. Outdoor Voices, which has been holding in a temporary space, will occupy another of the spaces and Aesop will lease another. Separate from Chili's, another 60,000 square feet of restaurant and retail with 225 multifamily units above it will open in 2019. Also known as Knox-Henderson, The Knox District is dotted with circa 1920s-era buildings that have always been part of the area's commercial center. The Highland Park Pharmacy and soda foun- tain, which opened in 1912, is still a tenant here. "Knox is evolving," Nagy says. "I think it will be the one destination for a lot of apparel brands. As well, Dallas has a lot of talented restaurateurs and chefs. There's a tremendous amount of interest and an absence of space for most of them. Al- most everyone wants some sort of pres- ence in the Knox District over the next two to three years." SCB Location, Population & Cooperation HEMET California CITY OF Follow success…to Hemet. With available sites, growing population (over 80K), rising household incomes and the center of a trade area of over 150,000 customers, Hemet is right for you, right now! To join those who've found success in Hemet and learn more about opportunities in Inland Southern California, the Nation's most powerful market, contact the City of Hemet, Administration Office at 951-765-2301 or kaguilar@cityofhemet.org www.cityofhemet.org

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