Downtown has a solid base of 50,000 or so office workers and an expanding downtown residential population, so where is the retail? If one downtown property owner has his way- retailers wanting to test the waters will have a low-cost opportunity to do so in the near future. The owner, wishing to remain nameless for now, is floating the idea of creating a retail incubator/mini-bazaar that will fill a void and allow small retailers to build a presence downtown. It is hoped that successes will move to fill other, larger space downtown. Reintroducing retail to downtown has to start somewhere- why not in small increments?
Incubators are an economic development tool, recruiting and nurturing new business. The proposed retail incubator will be in a relatively small, but long and narrow building that creates a walkthrough connecting corridor between Washington and Main streets. Current concept plans would have it split into twenty or so "retail suites." Entrepreneurs can try their hand at running a downtown store with lower risk on a trial basis. If successful, the stores can 'graduate' to a bigger space within the building or move to larger, more permanent space elsewhere.
While the project is in the gestation period, the property owner is looking for feedback from consumers and potential retailers. The building and its tenants would be tailored to supporting the immediate needs of the mid- downtown dwellers and workers. The building is centrally located on the prime 500 block of Main Street, close to hotels, offices and several residential projects.
Various options under consideration range from just an open hall where people set up more like a farmers market to more permanent facilities, a mini-mall if you will, where each tenant has an enclosed, locked space. The development will be pleasant and tastefully done, but the cost of development has to be kept tight as it is expected that tenants can't pay a lot and are likely to be transient. Some of the stalls could be for farmers who would like to have a full time presence downtown year round, fashion designers, artists, and food service/culinary start-ups. It is anticipated that rents would be very competitive and be inclusive of all utilities.
The concept would involve venders selling many of the essentials for downtown living/working as well as locally produced arts products.
To date, the owner has had a fairly positive response. Prospective tenants could be selling men's clothing, toiletries/cosmetics, and computers/electronics. The owner is also looking for naming ideas for the collection of retailers that will hopefully inject a bit of vibrancy to downtown.
The mini-mall idea is taking root in NYC on a grand scale. The Limelight Marketplace is taking a 1860s Gothic revival house of worship (and former nightclub) fitted with hand-painted English stained glass and turning it into a three-story shopper's paradise with space for 60 to 80 tenants each with 150 to 1,200 sq.ft.
Interested in the concept? Email me to get in touch with the building owner.





Fascinating micro-enterprise concept!
There is similar microenterprise "mall" in Kensington Market in Toronto called the Blue Banana. Definitely worth a visit for anyone interested in the logistics of this retail concept!
Check it out: http://www.bluebananamarket.com/