Harvest MXD Thoughts & News

Harvest MXD principals have led some of the most high profile projects in their respective communities.  We have a unique perspective about the commercial real estate market that has led to successful outcomes for our investors, clients and the communities we serve.  See what we're up to!

iRetail: The Dawning of an Age?

Over the past couple of years, investors have become skittish of retailers and retail shopping centers susceptible to online retailing. In some instances, for good reason. The fear of the “Retail Apocalypse” is in full swing these days, and I can’t seem to read one major news report that doesn’t talk about the catastrophic destruction of retail shopping centers, the demise of brick-and-mortar retailers, and how Amazon is going to take over the retail world.

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What Makes Up a Relevant Consumer Experience?

As you may have noticed there are less traditional shopping centers being built today than 10 years ago and many are being torn down, back-filled with non-traditional retail uses or are slowly declining into obsolescence. You may know of some that were torn down and replaced with an apartment project, have been backfilled with self-storage, a church or a medical user, or you drive by and wonder why it’s still there! What you may not realize is that you are witnessing a major disruption in the retail industry caused by the Internet / technology and demographic shifts. Consumers today are demanding something different than what the old retail model provided. So what are consumers today demanding? They still want the same goods and services, but they want to acquire and consume them differently.

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