News

Neighborhood retail making a comeback

August 17, 2008

Springfield Business Journal: During the past 50 years, the commercial development industry has followed rooftop demographics as they moved farther out on the edges of town. New retail developments entice customers from the older, more urban parts of town to come on out and try something new. But things are about to change.

With movement toward sustainable design and livable communities, the retail scene is facing the latest round of change. Compound this movement with the current economic shift, along with recent pullback announcements in the retail sector, and the retail industry arrives at a critical juncture.

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