2016 Retail Development Predictions

Retail Development 2016 pic
Retail Development 2016
Image: bdcnetwork.com

Scott Fish is managing partner of UP Development, a Tennessee-based developer focused on retail projects throughout the southeastern United States. With over 17 years of experience as a developer, Scott Fish guides his company in constructing retail centers on time and within budget.

According to experts, while the stock market will continue to be a roller coaster and foreign markets are even more unstable, real estate is projected to be one of the bright spots for 2016. For example, the real estate communications firm Taylor Johnson has predicted that 2016 will be a busy year for retail leasing and development activity.

Taylor Johnson expects the following trends in 2016:

-demand for off-price retailers like Nordstrom Rack and TJ Max,
-levitation to less-expensive Class B properties,
-newer, larger fitness centers,
-focus on environmentally friendly building improvements,
-increased foreign investment in the U.S. real estate market, and
-additional overhead and physical presence expansion for traditional online retailers

Contractors are gearing up for a busy year. From 2014 to 2015, the construction industry grew by 10 percent. Many developers are projecting similar or even higher growth for 2016. Regardless of an unsteady stock market and concerns over foreign affairs, the construction industry appears to have a high ceiling for continued growth through 2016.


Publix Makes $4 Million Dollar Gift to Habitat for Humanity

Habitat for Humanity pic
Habitat for Humanity
Image: habitatsev.org

A graduate of Ferris State University, Scott Fish works as a developer and manages many types of projects. In his career as a developer, Scott Fish has successfully designed and permitted retail centers anchored by major retail stores including Home Depot, Walmart, and Publix.

Publix is a chain of food stores across the southern United States that has been in business over 85 years. Publix offers conventional grocery services like bakeries, and delis, and many of its locations have in-house retail pharmacies, as well.

Publix contributes to a number of charities through its philanthropic arm Publix Super Markets Charities. Recently, the chain made a $4 million dollar commitment to Habit For Humanity to build homes across the South in 2016. The gift will allow for 40 new homes to be built, and each home will come with a pantry fully stocked by Publix. Additionally, Publix employees will contribute to the building of the homes.

The supermarket chain has been contributing to Habitat for Humanity since 1989, and this donation was its largest yet. The new houses will be built in Alabama, Florida, Georgia, North and South Carolina, and Tennessee.