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March 29, 2023

Competitive Socializing Concepts See 386% Increase Over 2 Years, New Report Finds

Find Out How The Savviest Developers Are Handling Zoning Hurdles In Repositioning Projects At Industrial Southeast April 27
A niche segment of the retail industry is exploding in popularity as cravings for togetherness climb in the wake of the pandemic. Competitive socializing, an emerging trend that combines dining and competitive games like bocce or ax-throwing, has grown by 386% since the beginning of 2021, according to a new report in Cushman & Wakefield’s The Edge magazine. The segment is grabbing the attention of landlords looking to breathe new life into underused spaces, especially in properties with large-format vacancies.

Competitive Socializing Concepts See 386% Increase Over 2 Years, New Report Finds

One burgeoning concept is Puttshack, a tech-driven mini-golf experience co-founded by the brothers behind Topgolf and backed in part by a $150M investment by BlackRock.The debut of Puttshack put Atlanta mixed-use development The Interlock on the map, Justin Latone, senior vice president of leasing for SJC Ventures, told Cushman &…

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Waffle Maker May Shutter Atlanta Plant Amid Grant Dispute

Waffle Maker May Shutter Atlanta Plant Amid Grant Dispute

A company that had planned to produce 580 million waffles a year from a Fulton County factory is threatening to close the plant unless it can iron out funding from the government.Batter Up Foods filed a notice this week that it plans to lay off 110 workers at its plant…

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‘It’s All About Value Engineering’: One Industry Expert Weighs In On The State Of The Adaptive Reuse Market

PRESENTED BY:   Stonehill
 
‘It’s All About Value Engineering’: One Industry Expert Weighs In On The State Of The Adaptive Reuse Market   As cities across the country grapple with how to deal with vacant commercial spaces, commercial real estate professionals are increasingly recognizing adaptive reuse as a way to give unused buildings a new purpose. Nationally, nearly 17% of office space remains empty due to long-lasting…

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