Commercial real estate adaptive re-uses
Live Last read · last published · next check
Home Depot plans to use its ~2,350 stores as fulfillment hubs for its new express delivery service; Target’s stores-as-a-hub delivery model may offer a guide as to how to best utilize the real estate
In July Arhaus Furniture opened its 2nd extra large showroom in the past year in a 35,000 square foot former Crate & Barrel store--and moves closer to emulating the real estate model of its rival RH
Bankrupt fast casual restaurant operator Salad & Go selected a $105 MM offer from Dutch Bros to acquire 65 of its leases--but rival 7 Brew Coffee objected to the sale and is now pushing for an auction
Over 40% of new Burlington stores that opened over the past decade are in sites vacated by bankrupt retailers--and the Company has pursued a number of strategies to secure these locations
All 9 of the Natural Grocers stores opening in 2026 are repurposes of existing buildings—part of the Colorado-based specialty grocer’s strategy to add new sites in a cost effective and sustainable way
Most newly opened Floor & Decor stores are in repurposed real estate that is 1/3 the size of the Company’s legacy prototype; will smaller stores in new markets return the Company to comp sales growth?
The last A-Frame IHOP restaurant was built in 1979 but dozens still remain--some as converted restaurants while others were repurposed as nail salons, clothing shops and even a pilates studio
Waterfront real estate attracts tons of people, offers plenty to do and is highly desired, valuable and scarce; a type of retail real estate that shares these characteristics is regional Power Centers
Tractor Supply is dialing back its 2027 new store target to 85-90 rather than the 100 that it had planned; however the large size of these new "2nd gen" stores may result in even more square footage
The Detroit Metro DTW Airport Authority submitted an $18 MM bid to Spirit's bankruptcy estate to acquire the ~126,000 square foot hangar--and likely has a new "tenant in tow" to lease the building
