Chicago TREND can be a social enterprise initially funded from the John D. and Catherine T. MacArthur Foundation. It is a centralized resource for property developers, retailers and community development organizations seeking to better comprehend the trajectories of Chicago neighborhoods and spend money on profitable retail projects that will drive transformative change. Chicago TREND provides a suite of services to spot neighborhood and strategic retail opportunities, shorten the normal retail development timeline, and offer financial incentives and risk sharing for retailers and developers. More specifically, Chicago TREND delivers: - Lyneir Richardson
Market data and analytics offering sophisticated and predictive market data on communities� current state and alter trajectories, shopping patterns within specific commercial corridors, corridor preferences among different demographic groups, retail corridors ripe for investment, and the likely aftereffect of new retail development on communities.
Development facilitation services by serving as an authority broker among parties considering strategic retail development, organizing a coalition of outlets thinking about urban retail development (Retail Coalition from the Willing), providing assistance that accelerates the expansion timeline, and initiating new retail developments in which the data and analytics indicate market opportunities for strategic retail development.
Financing tools to permit developers to draw high-impact national and native retail tenants which will influence upward neighborhood trajectory by giving debt and equity financing to close the money gaps that prevent them from committing.
This equipment create mutually reinforcing retail and community change THAT BENEFITS residents and businesses alike. - Lyneir Richardson