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November 2017 — Retail Properties Quarterly —

Page 27

www.crej.com

to the farm kits that acts as a

community attraction for the

farm owners as well as a place

to showcase their products,

Beckner said.

Outside of Adams Crossing,

the District Plan area offers

numerous development and

redevelopment opportunities

where a local food-related retail

component could act as the

anchor.

“The area already has a signif-

icant amount of land dedicated

to future retail development, so

it’s been in the plan for a while

to have that component,” said

Berube. “But we see this area

as having a unique opportunity

to do some place-making and

create an authentic experience

around food and local business

experience.There’s an opportu-

nity to be innovative and think

outside the box to create some-

thing that will draw people from

the local community and from

Denver.”

Berube hopes people begin

to see the Brighton area as a

stand-alone city that can create

and develop its own identity

within that growing interest in

local food and local economy,

she said.

Citing Denver successes with

unique retail destinations, such

asThe Source and Punch Bowl

Social, Brighton officials hope

the same innovative spirit

will come to its city. “Everyone

thinks about a farm-to-table res-

taurant or a berry or pumpkin

patch – people have been doing

those things for a long time –

but there’s opportunities for

something really unique, being

so close to such a large popula-

tion that is very conscientious

of local food and healthy food,”

said Simmons.

Askeland

Continued from Page 24

in the process and craft a building

that will appeal to consumers with

a more modern flair and a person-

ality all its own.

Unlike the adaptive reuse of a his-

toric structure, building a market

hall from the ground-up provides

greater flexibility. Meeting ADA

standards, accommodating proper

egress, matching vendor spaces

with their intended uses and incor-

porating special services and ame-

nities are all more easily addressed

during the design and construction

of a new building. For example, siz-

ing spaces for the different types

of equipment used by tenants is a

nice advantage presented by a new

building. Likewise, the size open-

ings for grease ducts and locating

grease traps can be more easily

accommodated.

In order for the construction pro-

cess to flow smoothly, it’s critical

that everyone – from the architect

and the general contractor to the

developer and the tenant – com-

pletely understand what the scope

of the buildout will be. This should

be clarified in a work letters, which

states what each party will provide

and what services will be com-

pleted. Work letters clarify what

the building owner will provide to

the tenant and what the tenant is

responsible for. It also may indicate

specific subcontractors that the

owner requires the tenant to use

(i.e., fire alarm, suppression and

occasionally mechanical, electrical

and plumbing).

A quality general contractor,

who has experience in market hall

construction, will be able to make

valuable connections for the tenant

in regard to the fixtures, furnish-

ings and equipment needs that will

cut-out the middleman and help

the tenant save money. An expe-

rienced general contractor also

can help coordinate the timing of

equipment orders and deliveries so

that they align with the construc-

tion schedule. A general contractor

is able to assist through the design

process with logistical input and

value-engineering ideas coordi-

nated directly with subcontractors

to allow for maximum value and

timely completion of the project.

A building owner or developer

can benefit by bringing on an expe-

rienced general contractor early

in the process. Opinions that keep

the space flexible and adaptable

to multiple tenant types will save

money and headaches down the

road. Likewise, tenant spaces must

be interchangeable, so that tenants

may be relocated or added within

the market hall as needed to assure

tenant success.

Developers, retailers and res-

tauranteurs are responding to the

popularity of market halls, but for a

location to be successful, it requires

a general contractor that is expe-

rienced and knowledgeable about

the nuances associated with this

unique space, regardless of whether

it’s a new building or the renovation

of an existing structure.

Haugen

Continued from Page 14

requests from customers who

wanted to try on items before

purchasing, the CEO respond-

ed. He posted two sales rep-

resentatives in the lobby of

Bonobos’ office building. Sales

were enormous, totaling over

$250,000 for each represen-

tative.The solution became

their “guide shop.” Customers

receive one-to-one attention

and a custom fitting.The cus-

tomer’s order is then entered

online and shipped out the

next day.

Indochino.

The online cus-

tommen’s suits supplier start-

ed in 2007 and opened its first

brick-and-mortar store in 2014.

Again, the company discovered

that many of its customers

desired the opportunity to

touch and feel the suit before

ordering one.This demand

led the company to launch its

“traveling tailor” pop-up stores.

The success of the pop-ups

has launched the company

into 17 stores in North Amer-

ica, with its largest location to

date being a 4,100-square-foot

space at King of Prussia mall in

Prussia, Pennsylvania.

The term “phygital” rep-

resents the bridge from the

digital to the physical.This

process doesn’t have to be an

overwhelming experience. Fol-

lowing a few of the aforemen-

tioned examples, a “click” can

become a “brick” in a snap. Just

remember, the true power of

physical retail is the ability to

enrich products with emotion-

al and physical context.

Macneir

Continued from Page 16

Northgate Village

Retail Pads or Shop Space Available

6922 10th Street

Greeley, Colorado

W 10th Street

71st Ave

www.navpointre.com

720.420.7530 | 720.240.0762 Fax

Lot

#

Size

+/-

Sale

Price

Lease Rate SF

NNN: TBD

3 1 Acre TBD $28.00 –$32.00

4 0.66 Acre TBD $28.00 –$32.00

Located at the intersection of

10th Street and 71st Avenue

Join King Sooper’s Marketplace

and Poudre Valley Health

Zoned Commercial High Intensity (C-H)

71st Avenue

W 10th Street

Business

RI/RO

3

43,740 SF

36 Parking

28,696 SF

43 Parking

Conceptual Plan

4

KS Fuel Center

Existing

Conceptual Plan

Contact

Ian Elfner

Brokerage Services

Office 720.376.6805

Direct 414.559.6000

ian.elfner@navpointre.com

Heather Taylor

Partner - Brokerage Services

Office 720.420.7530

Direct 720.217.1315

heather.taylor@navpointre.com