Home » Posts tagged 'neighborhood retail'
Tag Archives: neighborhood retail
A few months back we posted a question on The Promenade at Wyomissing Square Facebook Page asking our fans, followers, and the local community what kind of tenants they would most like to see open at The Promenade. We have used your feedback to help guide and inform our targeted retail tenant mix. Below are the results for all responses that received at least 13 votes:
What store or restaurant would you want to see open a new location at The Promenade?
- Wegmans – 585
- Whole Foods Market – 276
- Trader Joes – 186
- Book Store – 80
- Cheesecake Factory – 75
- Non-Chain Restaurant – 56
- Crate and Barrel – 41
- Apple Store – 40
- Joes Crab Shack – 29
- Williams and Sonoma – 26
- H&M – 25
- Olive Garden – 25
- IKEA – 22
- Pottery Barn – 21
- Romano’s Macaroni Grill 18
- Bonefish Grill 15
- Upscale Boutique – 15
- Homegoods – 13
- Sephora – 13
(You can still vote for your favorite tenants HERE)
1,000+ Votes for Grocery Store Category
There were a total of 1,734 votes cast answering this poll question. The Grocery Store category received by far the most support with Wegmans, Whole Foods, and Trader Joes collectively garnering over 1,000 votes. While this poll is obviously not scientific by any means, it nonetheless indicates the greater Wyomissing community’s overwhelming demand for a new upscale specialty grocery option.
Promenade ideal for a smaller format, upscale specialty grocer
The Promenade at Wyomissing Square is more of neighborhood/specialty retail center with a gross leaseable area of some 33,000 SF (50,000 SF including Viva) and is not nearly large enough to accommodate the space/parking needs of a large supermarket like Wegmans or Wholefoods.
However, it is the perfect venue for a smaller upscale specialty grocery tenant featuring quality fresh produce and a variety of prepared foods like a DiBruno Brothers for example. We are actively pursuing potential tenants to meet this unmet demand and hope to make such a market a central piece of The Promenade’s tenant mix.
High-Quality Food & Beverage to Anchor Promenade
Other retail categories of not that received significant votes are restaurant tenants (218+) and home/furniture tenants (123+ votes). Food & Beverage will play a key role in anchoring The Promenade as a fine dining restaurant, a bakery, and a coffee shop have already signed letters of intent to lease space with other restaurant/food uses to come. Size may be an issue for many big box furniture/home retailers, we will continue to target smaller format, boutique style tenants featuring home décor/furnishing products.
A big thanks to all of you who made you heard by answering our poll question. Your feedback has been invaluable. Stay tuned for more announcements about the future tenant lineup at The Promenade at Wyomissing Square.
Wyomissing Square, a set on Flickr.
Wyomissing Square is an award-winning $80 million mixed-use brownfield redevelopment project located in Wyomissing, PA.
It is Berks County’s first Live.Work.Stay.Play mixed-use communities and has brought an urban flavor to the western end of the Penn Corridor.
The Wyomissing Square Mixed-Use Center is located on a 13 acre infill site in the heart of Wyomissing Borough. It consists of 248 luxury rental apartments, a 135-room Courtyard by Marriott, a 60,000 SF office building, and a 13,000 SF Euro-Mediterranean restaurant.
The final component of the project is a 33,000 SF specialty retail center known as The Promenade at Wyomissing Square. Brickstone Realty of Philadelphia, PA – the master developer of Wyomissing Square – will retain ownership of the retail component. www.brickstoneco.com
The Promenade at Wyomissing Square is a 50,000 SF specialty retail center that is currently under development in the Borough of Wyomissing in Berks County, PA. It is owned by Promenade Square LLC, a Brickstone Realty affiliated entity led by John Connors (the master developer for Wyomissing Square) who will also take charge of developing and managing the property as well. It is the final component of is an $80 million mixed use Brownfield redevelopment project known as Wyomissing Square Mixed-Use Center that includes 248-unit luxury apartments, a 135-room Courtyard Hotel by Marriott, a 60,000 SF office building, and a 13,000 SF restaurant anchor.
The apartments know as 100 Park and the Courtyard Hotel by Marriott have clearly distinguished themselves as market leaders in every respect. The Promenade will be no exception. All together they will generate great synergy and become the new center of gravity for Wyomissing Borough.
The Promenade will feature a variety of upscale shops, boutiques, restaurants organized along an 11,000 SF outdoor “promenade” that will be the defining element of the project. Our aspiration is to bring an exceptional retail experience to this landmark development and create a town center-like atmosphere with an elegant public gathering space that allows for the integration of the people, the place, and the larger community.
While each component of the project have been tremendously successful in their own right, the shops & restaurants at The Promenade will offer a highly visible, accessible, and invititing “third place” providing a value added convenience for the neighboring office workers, apartment residents, and hotel guests within the complex.
Community Centric Tenant Mix
The Promenade will feature a community centric tenant mix catered to the needs of the local community. It will be anchored by high quality food and beverage that will become neighborhood favorites.
A best-in-class fine dining establishment (currently under signed Letter of Intent) will occupy the 5,300 SF end cap space and will feature outdoor dining for 48 guests. The steady stream of restaurant patrons and the outdoor dining element will re-energize the area giving it a lively, cosmopolitan feel.
We are currently in the process of putting together a dynamic tenant mix that will likely include:
- Gym/fitness center
- Massage & facial spa
- Sporting Goods & Apparell
- Pet Products & Services
- Coffee/specialty food
- Gourmet Grocery Store
- Frozen Yogurt
This diverse and complimentary lineup of tenants will generate great synergy both among themselves and with the larger mixed-use center and surrounding uses as well.
Elegant Public Gathering Space
The addition of a high quality public realm will allow for the integration of the people, the place, and the larger community by offering a “third place” where shoppers, diners, workers, residents, visitors can all come together in a town-center like atmosphere.
With its intricate patterned hardscaping, numerous planters, brilliant them lighting, and dedicated outdoor dining areas, The Promenade is designed to be the ceremonial “front door” of Wyomissing Square, providing an elegant public gathering space and creating the perfect context for what will be Berks County’s most upscale shopping and dining destination.
Walkable Town Center
The idea is to bring neighborhood retail back to the neighborhood. Regional malls and big box Power Centers are great for major shopping trips, but they are designed to serve the region and thus are often they’re often hectic, inconvenient and impersonal places. We are far better served when smaller format neighborhood oriented retail uses are located in walkable mixed-use places like The Promenade at Wyomissing Square.
The benefit is more than just the convenience of being able to get your morning coffee in your own neighborhood; it is also a greater sense of community and connectedness that comes with being able to work out, dine out, and hang out with your neighbors in your own backyard. The Promenade will enhance an already thriving community building on the success of downtown West Reading anchoring this highly walkable “Main Street” style commercial corridor with a mixed-use center that offers the kind of pedestrian lifestyle and amenities that more and more Americans increasingly demand.
For information on leasing retail space at The Promenade at Wyomissing Square visit: Promenade LoopNet Listing Webpage and for all leasing inquiries please contact:
Phone: (215) 972-1550