Chicago TREND can be a social enterprise initially funded by the John D. and Catherine T. MacArthur Foundation. It's a centralized source of property developers, retailers and community development organizations trying to better understand the trajectories of Chicago neighborhoods and spend money on profitable retail projects that may drive transformative change. Chicago TREND provides a suite of services to spot neighborhood and strategic retail opportunities, shorten the normal retail development timeline, and supply financial incentives and risk sharing for retailers and developers. More specifically, Chicago TREND delivers: - Lyneir Richardson
Market data and analytics that offer sophisticated and predictive market data on communities� current state and change trajectories, shopping patterns within specific commercial corridors, corridor preferences among different demographic groups, retail corridors ripe for investment, and also the likely aftereffect of new retail development on communities.
Development facilitation services by serving as an authority broker among parties thinking about strategic retail development, organizing a coalition of shops thinking about urban retail development (Retail Coalition from the Willing), providing assistance that accelerates the expansion timeline, and initiating new retail developments the location where the data and analytics indicate market opportunities for strategic retail development.
Financing tools to permit developers to attract high-impact national and native retail tenants which will influence upward neighborhood trajectory by offering debt and equity financing to seal 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