Renaissance MarketplaceRenaissance Marketplace

Investors aren't the only players seeing value in experientialretail. Cities are focused on approving retail projects that have acommunity focus. Developers and architects pushing projects throughthe entitlement phase have seen the city show increased interest inthose elements of new retail and retail redevelopment.

"The city is focused on creating great people places incommunities. It seems to be an important factor that cities areconsidering now when we are going through the approvals process forentitlements. They are looking at placemaking, and they aresensitive to that," Greg Lyon, principal anddesign director for Nadel Architecture + Planning,tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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