Going Even Further Upscale, River Oaks District Tacks On Green Space As Part Of Refresh

Pagewood and Wile Interests will open The Quad, a four-building workspace, in the third quarter of this year.

The CityCentre-area development at 1410 Brittmoore Road will contain 40K SF when it opens and offer leases of between 2.5K SF and 40K SF.

Mark Odom Studio designed the space. The development, dubbed a workspace community, will incorporate contemporary design elements. “The design strategy for the exterior will include a very dynamic graphic vinyl wrap intended to spark a moment of curiosity from the busy street, while still maintaining a modern, industrial edge,” Mark Odom…

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Despite early pandemic fears about the future of brick-and-mortar retail, everyone still had to eat. So it wasn’t exactly surprising that even through the strictest lockdowns, grocery-anchored retail proved almost crisis-proof. 

But now, two years after the start of the coronavirus outbreak, the feeding frenzy is only intensifying as institutional investors vie to pick up safe bets to mitigate rampant inflation and benefit from surging rents, and traditional mall retailers like Sephora begin thinking outside the box to consider spaces in grocery-anchored properties.

"If I never worked on anything but grocery-anchored centers again, it would be a great way to end a career," JLL Retail Group Senior Managing Director Barry Brown said. "It's a very liquid asset class, and there's a very broad investor appetite for it, really more so than other product verticals within the retail space."

Crexi, a real estate listing site, says shopping center transactions grew a whopping 56% in the first quarter of 2022, while JLL reports more than half of all retail transactions were grocery-anchored in 2021 after making up only about a third in 2019. In all,…

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