LAS VEGAS—The upcoming ICSC Las Vegas convention is about to be a captivating occasion, as tumultuous situations proceed to roil the monetary markets says Josh Poag, president and CEO of the Poag Improvement Group based mostly in Memphis, who not too long ago shared his insights with GlobeSt.com prematurely of the convention. He predicts that there will likely be a major quantity of misery within the mall world, making the dialog across the evolution of viable makes use of in retail and mixed-use facilities all of the extra related.
Whereas new ground-up improvement might not make sturdy financial sense at current, Poag sees loads of alternatives for retail house owners and landlords so as to add worth to their present facilities by incorporating leisure, multifamily, and lodge facilities that may drive gross sales. As for what he hopes to be taught extra about at ICSC, Poag is hyper-focused on redevelopment and eager to listen to about new developments associated to evolving properties into mixed-use facilities which might be cost-effective and time-sensitive.
