12:00 noon-1:00 pm EDT on Zoom
Wednesday, July 26, 2023
WILL SHOPPING MALLS
THE NEXT DINSOSAURS?
Shopping malls have been undergoing significant change since the late 1990’s, and the pace of change seems only to be accelerating. Many second and third tier malls are being repurposed or simply torn down to be replaced by higher uses. Even top tier malls are experiencing high vacancy rates never seen before by their owners. What choices do tenants have, if they still want to have a significant physical presence across America? And how can they afford it?
Join us for an informative conversation with Yaromir Steiner, the founder and CEO of Columbus, Ohio-based Steiner+Associates. Steiner is one of the true thought leaders on the future of shopping centers in the U.S.
In the last half century, Steiner and his teams have developed more than 7 million square feet of mixed-use real estate including the groundbreaking Cocowalk in Miami, FL and the open-air Easton Town Center in Columbus, OH. Steiner’s projects represent some of the most iconic, innovative and influential retail and mixed-use environments in the U.S. and have significantly impacted the urban, social and economic landscapes of their respective communities.
Among other issues, Steiner will discuss the following:
How did the U.S. get so overstored in the first place?
Are Covid and Amazon largely responsible for forcing the closure of so many stores, or are there other forces at play?
Have shopping center tenants been the victims of their own failed strategies?
What will the next generation of shopping environments look like and why?
The 2nd and 3rd tier shopping centers need to be repurposed, redeveloped or torn down. Where will the capital come from to carry out this gigantic task?
RMS Members: $10
Date: Wednesday, July 26, 2023
Time: 12:00 noon-1:00 pm EDT
Dail-in instructions will be emailed prior to the event.
* If you're not an RMS member, now is the time to join. Benefits of membership include: reduced rates on webinars, meetings and conferences; complimentary attendance at our Roundtable online discussions; "Top Takeaways"-capsule summaries of most meetings and webinars; Membership Directory for networking purposes; and Face to Face Fridays, a bi-monthly online networking session for members only.
SUBJECT MATTER EXPERT
Founder & CEO
Yaromir Steiner formed Steiner + Associates in 1993 with a vision of creating welcoming, sustainable, pedestrian-friendly, Town Center destinations—environments for people to not only shop, but also to live, work and play. Over the past 24 years, the
company has turned that vision into reality by developing more than 7.4 million square feet of mixed-use space including retail, restaurant, residential, entertainment, hospitality and office uses.
Yaromir oversees all operations, development, leasing, and management efforts for the Steiner + Associates and its portfolio. He travels extensively to meet with community leaders and tenant partners and maintains a “hands-on” approach to development and property management. He is frequently invited to address community, civic and professional organizations in the U.S. and abroad to share his unique insights and perspectives into the retail real estate development world.
Richard Baum is the Managing Partner of Consumer Growth Partners (CGP), a private equity investment/independent sponsor and advisory firm with an exclusive focus on middle-market specialty retail and non-perishable branded consumer products companies. Richard is President of the Retail Marketing Society.