First of all, most local bookstores simply can’t compete with the likes of Barnes & Noble and Amazon, despite their advantages supporting the local economy. However, it does have a chance if it’s more than a bookstore, adding a few revenue-generating elements. Why the focus on a bookstore? Because if there’s one business that seems doomed in today’s world, this is it, so figuring out a way to not only survive, but thrive, says a lot for many other local independent businesses. Here are some
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Posted by Neil Takemoto in
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Retail Venue Development |
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How much of a greater impact do local retailers have on nationals? The Urban Conservancy recently completed a study with Civic Economics to answer just that, called Thinking Outside the Box: A Report on Independent Merchants and the New Orleans Economy. Keep in mind this is just economics, and not considering the cultural impact on the local neighborhood.
According to the study, when compared to leading chain competitors on a per square foot basis, local retailers:
- generate twice the annual
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Posted by Neil Takemoto in
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Economic Gardening |
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Posted publicly on Facebook here, Keith Ammann’s question on how to go about crowdsourcing a creative cultural district in the small town of Freeport, Illinois, supported with detailed advantages and disadvantages, is followed by a suggested plan:
Summary of advantages: 3-4 block downtown with a mix of architectural styles; moderate vacancy rate; mixed-use zoning allowing for apartments over storefronts; established, locally owned businesses including two coffeehouses; a successful multiplex
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Posted by Neil Takemoto in
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Crowdsourcing
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Reader Experiences |
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Sometimes a giant supermarket or big box store like Home Depot coming to your neighborhood is an inevitability, but The RISE in Vancouver, Canada proves it doesn’t have to be a one-story warehouse surrounded by parking. Instead, the parking is buried underground with over 90 condos and townhouses above. That’s right, when have you ever heard of residences above a big box?
No, this is certainly not an example of elegant, attractive design, but hey, baby steps. Developed by Grosvenor Canada,
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Posted by Neil Takemoto in
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Mixed-Use Developments |
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Thanks to Chris Leinberger, author of the The Option of Urbanism: Investing in a New American Dream, we know what the rather uninspired, industrial age 19 standard product types“ are that institutional investors put their money in:
Office: Build to suit; Mixed-use urban; Medical
Industrial: Build to suit; Warehouse
Retail: Neighborhood center; Lifestyle center; Big-box anchored
Apartment: Suburban garden; Urban high density
Housing: Entry level; Move-up; Luxury; Assisted living/retirement;
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Posted by Neil Takemoto in
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Investment |
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