Winchester Commons Opens For Business In Northeast Huntsville!

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After announcing the development here in July of 2015,  we are excited to announce that the 8,800 square-foot Winchester Commons development located at 2190 Winchester Rd NE is finally complete and open for business in Northeast Huntsville!

Located across the street from Huntsville’s newest Walmart and adjacent to CVS Pharmacy and Publix Supermarket, Winchester Commons is currently home to Great Clips, Victoria Nails and Wilson’s Cleaners.  Local restaurant concept Beauregards (voted best wings in Huntsville in 2013, 2014 & 2015) will join the development later this year, leaving only one space left remaining in the development.

“As one of the most rapidly growing areas in Huntsville, with excellent demographics, our firm developed Winchester Commons because we believed there were opportunities being missed in the under served area of Northeast Huntsville.

All too often we see retailers clamoring to join oversaturated parts of the market instead of looking to find areas of the market with good demographics where they could make a larger impact on a community and reap the rewards.

Projects like Winchester Commons are a prime example of the dividends that this alternate approach can bring to businesses willing to be pioneers in burgeoning markets.  With excellent retail synergy between Publix, Walmart and the other retailers in the area, lines have been out the door with the just the three stores that are currently open for business in the center.

Which serves to prove that this once overlooked area of town is ready, eager, and able to support a vibrant retail community.”

-Anusha Alapati
Lead Broker For Winchester Commons
Crunkleton Commercial Real Estate Group

With one remaining space in the development, what store or restaurant concept would you love to see come to Northeast Huntsville and move into the last 1800 sf space left!? Let us know in the comments below so we can reach out and contact the companies you want most!

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KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON Commercial Real EState Group
KADIE@CRUNKLETONASSOCIATES.COM

Trend Report: The Future of Retail in 2017 – A Changing Environment

As a commercial real estate broker I am constantly asked: what is driving the future of retail and retail shopping centers? What changes, if any, can we expect to see in the coming years?  And how are property owners dealing with the effects of e-commerce on brick and mortar retail?

So today we are going to take a few moments to try and answer a few of those questions, take a look at the changing landscape of retail shopping and the effect it is having on commercial real estate right here in Huntsville, Alabama.

Let’s start by looking at e-commerce, its effect on physical retail, and the opportunities it is providing to those that are willing to adapt to a changing marketplace:

It is no secret that online shopping is influencing the traditional brick and mortar retailers. Black Friday and Cyber Monday 2016 were the largest online shopping days in history and that trend will likely continue. However, does this mean that we are seeing the beginning of the end for brick and mortar retail? Absolutely not. What we are seeing instead is a shift in the traditional shopping center layout and tenant mix. The typical retail store is getting smaller and retailers are focusing more and more on the experience of shopping.

Labeled “Experiential Retail”, retailers are shifting their focus to providing shoppers with a fun and exciting experience. Shoppers not only want to touch and feel the product they are buying, but want to be entertained in the process. This is something that e-commerce can never provide. And not only are the younger generations demanding that experience, they are also willing to pay more to get it.

So how does Experiential Retail and the changing layout of brick and mortar retail affect the commercial real estate market?

Well, this desire for a better experience doesn’t just start once a shopper walks through the door. Consumers want the entire experience to be better, which includes the physical layout of the shopping center and the overall destination. Urbanization and the revitalization of downtowns across the country are a perfect example of this. Even right here in Huntsville we are seeing consumers demand a different experience. The success of projects like Campus 805, Lowe Mill, and The Garage at Clinton Row are great examples of the adaptive reuse of properties to provide a better experience.

What does all this mean for existing shopping centers and landlords?

The term adaptive reuse that I mentioned previously is going to be critical for Landlords of traditional shopping centers. As retailers continue to shrink their footprints, Landlords are going to have to get creative in how to back fill the big box spaces left by shrinking retailers. We are already seeing examples of this across the country and even right here in Huntsville. Large box spaces left vacant are being backfilled by entertainment type uses such as indoor go-cart tracks and trampoline arenas. Medical and dental concepts are even starting to open up locations within retail environments, backfilling former retail stores. There are opportunities out there for Landlords that are willing to think outside the box and be creative.

Despite the ever-growing presence of e-commerce, we are far from the end of brick and mortar retail. Consumers are willing to pay for a better experience and the ability to touch and feel what they are buying. This is evidenced in the fact that online giant Amazon is getting into the brick and mortar game with physical retail stores and even a grocery store. There will always be a place for the traditional retail store, it just might look different and be located in different areas than what we have grown accustom. Retailers and Landlords that are willing to change their mindset and adapt to the new environment will have a competitive advantage going forward.

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Originally from Tennessee, Zac studied business management at Samford University. After moving to Huntsville in 2001, Zac started out his career in banking, wealth management and financial planning. In 2010 he joined Crunkleton and has since become the VP of Leasing for the commercial real estate group where he focuses on retail leasing and development.

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Zac Buckley
VP of leasing
CRUNKLETON Commercial real estate group
ZAC@CRUNKLETONASSOCIATES.COM

You’re Invited To A Grand Opening Celebration For The Garage At Clinton Row!

This Thursday evening, you’re invited to Downtown Huntsville to celebrate the grand opening of The Garage At Clinton Row.

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Hosted by Renasant Bank, the event will run from 4pm-7pm, be free to the public, family friendly and feature live music by Rob Aldridge in addition to complimentary hors d’oeuvres (provided by LeeLee Wigginton with Lyn’s Gracious Goodness), cocktails and a full whiskey & bourbon bar!

Attendees will have the opportunity to explore Huntsville’s newest, most unique shopping center and welcome, Roosevelt & Co., Elitaire Boutique, Meraki Boutique and Frios Gourmet Pops to the Downtown Huntsville family!

To celebrate their official grand opening,  gentlemen’s supplier Roosevelt & Co. will be hosting a give away that evening with prizes from brands such as Ballin International, Royal Highnies, & Daniel Wellington.

Elitaire Boutique will also be giving away a private shopping party for 1 lucky winner (along with 5 of her closest girlfriends) that evening.  The winner will receive 25% off her entire purchase during the private shopping party and her girlfriends will received 15% off their purchases that evening as well in addition to complimentary hors d’oeuvres and libations.

Frios Pops is celebrating by reducing the price of every popsicle by .75 that evening with a special grand opening price of only $2.25 per pop!  They will also be hosting an hourly t-shirt give away!

Finally Meraki Boutique (formally Indigo Shoppe) will be hosting a drawing for two $25 gift cards during the event!

To stay up to date with all the details for the event, be sure to join the event here on Facebook!

The Garage At Clinton Row is located at:
114 Clinton Ave E
Huntsville AL, 35801

Many thanks to Renasant Bank for hosting this wonderful event!

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Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

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KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON Commercial Real EState Group
KADIE@CRUNKLETONASSOCIATES.COM

Elitaire Boutique Opens For Business In Downtown Huntsville

Elitaire Boutique is now officially open in Downtown Huntsville at The Garage At Clinton Row!

After having the opportunity to interview owner Kayla Adams about her new boutique earlier this year, and then keeping up with her build-out progress over the summer on Elitaire’s social media, we just couldn’t wait to head down to the grand opening of her store this past weekend!

Here are just a few images we took during our visit, but be sure to stop by for yourself as well and say hi!  Kayla will be open Monday-Wednesday 10am-6pm and Thursday-Saturday 10am-8pm!  And if you want to connect with Kayla and her boutique on social media, you can follow them here on Facebook and Instagram!

Also, stay tuned to our blog because we’ll be announcing all the details for our big official grand opening for The Garage At Clinton Row next Tuesday!

SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

404220_10150473102152791_1516819070_nKadie_Sig
KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON Commercial Real EState Group
KADIE@CRUNKLETONASSOCIATES.COM