Chicago TREND is really a social enterprise initially funded from the John D. and Catherine T. MacArthur Foundation. It is a centralized resource for real estate developers, retailers and community development organizations wanting to better understand the trajectories of Chicago neighborhoods and invest in profitable retail projects that may drive transformative change. Chicago TREND supplies a suite of services to spot neighborhood and strategic retail opportunities, shorten the standard retail development timeline, and offer financial incentives and risk sharing for retailers and developers. Specifically, Chicago TREND delivers: - Lyneir Richardson
Market data and analytics that provide 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 expert broker among parties considering strategic retail development, organizing a coalition of shops considering urban retail development (Retail Coalition of the Willing), providing assistance that accelerates the development timeline, and initiating new retail developments the location where the data and analytics indicate market opportunities for strategic retail development.
Financing tools allowing developers to draw high-impact national and native retail tenants which will influence upward neighborhood trajectory by providing debt and equity financing to seal the financing gaps that prevent them from committing.
This equipment create mutually reinforcing retail and community change THAT BENEFITS residents and businesses alike. - Lyneir Richardson