Tri-Land owner of Century Plaza in Merrillville, IN presented a $50 million proposal that would convert properties to a convention center in two years.
There was a great article posted by the Chicago Tribune, which discussed digital maps versus paper maps. At Tri-land, we believe in the power of the paper map We have had entire offices, rooms and even vacant retail space dedicated to paper maps. I have been asked many times, “Why don’t you just use Google Maps?” Or, “Why don’t you just digitize that?”. I believe this article helps answer that question…
Five reasons for why retail is not going away according to Rodney McMullen the CEO of Kroger.
In this video, we’re going to give an example of what Tri-Land means by deep value-add. It is important to understand that we just don’t paint the pig or update parking lots or even update a façade. We truly reposition these centers and bring new life to them.
Whiteboard explanation of how a TIF (Tax Increment Financing) works for retail real estate. Watch the 180 second video explanation on TIF.
Some 10 years ago, Aldi didn’t sell olive oil; today it sells four kinds. The Batavia-based discounter also now sells vegan kale burgers, organic hummus and a slew of gluten-free products.
Not much may be visible to the public, but there is plenty of activity behind the scenes in preparation for the redevelopment of Salem Gate shopping center. It’s been about 10 months since the three taxing jurisdictions in Rockdale County – the city of Conyers, Rockdale County and Rockdale County Board of Education – entered into an intergovernmental agreement to freeze the ad valorem taxes on the real property at the Salem Gate Shopping Center site at the current rate for 20 years while the property undergoes major redevelopment. Specifically, the ad valorem taxes collected from the Tax Allocation District No. 2-Salem Gate would remain at the current base amount for all three local governments. Any redevelopment over the next 20 years, any increase in the property value would be set aside in a TAD Special Fund for infrastructure costs incurred by the developer. But since the intergovernmental agreements were signed at the end of September, very little activity has taken place at the site of arguably the county’s biggest eyesore.
It seems every day there are more stories about the changing retail market. Big national chains are not leasing retail space, but are closing stores at a record pace as consumers opt for the convenience of buying their staples online. At the same time, trends such as “small business Saturday” and “shop local” are taking hold in communities across the country as shoppers search for those unique products unavailable from Amazon.
Halloween City Merrillville is scheduled to open their new location at 8311 Broadway Merrillville, IN 46410 in Century Plaza. This facility is open for business, and they are ready to serve the community for your Halloween needs. You can check out more information about Halloween City at: www.HalloweenCity.com (hint – Sign up on their email list for coupons). You can follow them on Facebook: https://www.facebook.com/HalloweenCity/
Athletico is scheduled to open their new location at 9544 Antioch Road Overland Park, KS 66212 in the Cherokee South Plaza. This newly built 2,600 square foot facility is open for business, and they are ready to serve the community. You can check out more information about Athletico at: http://www.athletico.com/