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SPACE ALL AROUND FORT WAYNE.
SOME ARE SIZED TO HOUSE BIG BOX
STORES.
STRIP MALLS.
BOTH CAN BE TOUGH TO FILL.
TONIGHT NEWSCHANNEL 15'S ALYSSA
OUR LOOK AT FILLING THE BIG
EMPTY.
ALYSSA TRI PLAS INTRO YESTERDAY
CHALLENGES OF FINDING TENANTS
FORT
FILL THE BIG EMPTY - THE SMALLER
CAN'T BE FORGOTTEN.
32:58 STEVE IT SEEMS LIKE IT
STRIP MALLS POPPING UP ALL OVER
TOWN - WITH FOR RENT SIGNS NEXT
DOOR
34:22 STEVE IT WAS JUST A REAL
PROLIFERATION AND
GOT AHEAD OF OURSELVES 51:55
ASHELY STEENMAN
OF EXISTING SPACES FOR
ENVIRONMENTAL REASONS, BUT WE
DONT' HAVE MUCH CONTROL OVER
THAT
IT COMES DOWN THE OLD ADAGE -
LOCATION, LOCATION, LOCATION.
32:58 STEVE ECONOMICS WORK FOR
WHERE YOU CAN PAY PREMIUMS
PRICES FOR LAND AND GET PREMIUM
RENTS AND
AT THE SAME TIME ANOTHER
PROPERTY NOT FAR AWAY YOU CAN
BARELY GIVE IT
GOING TO PAY A LITTLE LESS IN
LOCATION.
DOESN'T WORK THAT WAY 51:45
ASHELY
IF DEVELOPER HAS FUNDS TO DO
DO IT.
DONT' HAVE A WHOLE LOT OF
THE ZACHER COMPANY'S LATEST
ASSESSMENT OF THE RETAIL MARKET
IN
RETAIL VACANCY IN THE CITY WENT
DOWN
PREDICTS THAT NEXT YEAR LEASING
MOST POPULAR SHOPPING CENTERS -
"B" LOCATIONS WILL SEE RENT
GENERATION
BUILDINGS THAT DON'T HAVE PRIME
CHALLENGING
TO FILL THOSE SPACES.
FORT WAYNE IS TRYING TO MAKE
EXISTING SPACES MORE ATTRACTIVE.
CITY OF FORT WAYNE'S TAKEN A
ALL
BOXES.
IN PART ONE OF THE BIG EMPTY, WE
LEARNED ABOUT ECONOMIC
OVER TOWN THAT GIVE NEW
BUSINESSES A BREAK ON THE FRONT
END.
35:30 GREG TAX ABATEMENT FOR
RETAIL IS USUALLY
NOT AN OPTION 42:10 GREG START
THAN ONGOING OPERATIONS SO THAT
COULD GET A GRANT TO HELP
FIX COSMETIC ISSUES AND PROPERTY
TAXES ON ANY IMPROVEMENTS
ALL AT ONCE.
BUT GOVERNMENT CAN
48:00 GREG AT THE END OF THE
DAY, IT'S THE PRIVATE SECTOR
THAT MUST STEP UP AND THAT'S
THESE BUILDINGS.
SPOKE WITH FOR THIS STORY
BUT THEY'RE OPTIMISTIC THAT THE
WILL SLOWLY BE FILLED IN THE
BE SURE TO CHECK OUT THIS STORY
LOOK AT
AVAILABLE PROPERTIES- BOTH LARGE
IN STUDIO 15, ALYSSA IVANSON,
NEWSCHANNEL 15.
STILL TO COME ON NEWSCHANNEL 15
AT SIX:
PEOPLE ALL OVER FORT WAYNE ARE
SHOWING THEIR HOLIDAY SPIRIT