Thursday, October 24, 20198:00 AM – 9:15 AM
Workshop 12
“IN THE ROOM WHERE IT HAPPENS”: Planning Considerations for Redevelopment and Repositioning
Jason S. GibsonRegency CentersBoca Raton, FL
Tandy C. PatrickBingham Greenebaum Doll LLP
Louisville, KY
I. INTRODUCTION
Redevelopment Trends:
• Community-based, public elements
• Leveraging technology
• Town center/open air concept
• Flexibility regarding types of users, parking, construction/height restrictions
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From ICSC Shopping Centers Today, 6/25/2019Ben Johnson, Contributing Editor
GGP’s Redevelopment of Oakbrook Center, suburban Chicago
• Decade-long redevelopment
• 2MM SF
• Additions: common area, 3-story parking garage, 12-screen AMC cinema, 3 restaurants and food hall (“The District”), Kid Zania entertainment, Life Time Fitness
• Open spaces to forge connection with Oakbrook community
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II. EXISTING REA’S
Physical Structure:• Site Plan• Definition of Shopping Center• Permissible Building Areas• Height Restrictions
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II. EXISTING REA’S, CONTINUED
Documentation:• Use Restrictions• Alterations• Multiple REA’s
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III. LEASE ISSUES
• Operating Covenants/Co-Tenancy• Use Restrictions/Exclusives• Radius Restrictions• Relocation
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III. LEASE ISSUES, CONTINUED
• Rent Restructuring• Maintenance/Repair• TI Allowances• Signage
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III. LEASE ISSUES, CONTINUED
• Rights of First Refusal• Termination Rights• Quiet Enjoyment
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IV. OPERATIONAL ISSUES
• Parking• Construction Issues• Outparcels/Ground Leases• CAM Charges
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IV. OPERATIONAL ISSUES, CONTINUED
• Definition of “Shopping Center”• Title/Survey• Experiential Retail
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V. ADDITIONAL CONSIDERATIONS
• Tax Reassessments• Zoning/Approvals• Financing
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VI. RECENT COURT DECISIONS
• Lord & Taylor, LLC v. White Flint, L.P. (780 F.3d 211, 4th Cir, 2015)• Wallington Plaza v. Taher (2011WL 2637199, New Jersey 2011)• Frittelli, Inc. v. 350 North Canon Drive (202 Cal. App 4th 35, 2011)• Safeway Ind. V. CESC Plaza Limited Partnership (261 F.Supp.2d 439, 2003)• Wisconsin-Newark Neighborhood Coalition v. DC Zoning Com’n. (33 A.3d 382,
2011)• Clay County Realty Co. v. City of Gladstone (254 S.W.3d 859, 2008)• Odyssey (III) DBx, LLC v. PNC Bank, NA (2014 WL 2050761)• North County Advocates v. City of Carlsbad (241 Cal.App.4th 94, 2016)
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