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Thursday, January 21, 2021

Newport on the Levee announces new retail concepts

The Gallery building. FTM file. 


Newport on the Levee has announced more retail concepts that align with their development shakeup. 

"Trade" is a revolving retail market inside the Gallery Building that will be launched this summer. The concept builds upon the success of "The Exchange", which held 10 local artisans and retailers over the holiday season in the foamier Barnes & Noble building. 

The former Barnes & Noble building housed "The Exchange" over the holiday season. FTM file. 

There is 10,000 square feet and room for up to 12 tenants, with a flexible lease schedule in the new concept. 

“New age businesses are hungry for flexible, low-commitment workspace within highly amenitized urban environments,” said Tim Perry, managing partner at NAP. “The new Newport on the Levee will achieve a unique sense of ‘place’ where office workers have immediate access to everything from morning coffee to evening events, just steps away from their desks. This engaging, social environment is even more appealing now as employers look to bring their workforce out of isolation and re-establish a strong company culture.”

North American Properties is also applying this approach to office leasing. The upstairs level of the Exchange is being transformed into modern office suites ranging from 4,000 to 16,000 square feet that come as part of a larger NAP program called Flip/Switch, a flexible, furnished, wired, move-in ready solution crafted for companies looking for workspaces with short-term lease agreements. 
 
14 N. Grand Ave. 

Phase two of NAP’s redevelopment of the Levee is underway, which includes renovations to the 113,000-square-foot Gallery Building, the addition of open-air communal spaces, and enhancements to increase connectivity throughout the property. 


The Exchange. FTM file. 

Four retailers have signed leases for the "Trade" concept, all of which were a part of "The Exchange". They are: 

-Colonel De's Gourmet Herbs & Spices
-Little Spoon Bakery and Cafe
-Bon Mi Street
-Bluegrass & Sass

The Exchange Market will be converted into individual storefronts for retailers, while the upper level is being built out into office space.

According to reports, North American Properties is differentiating their retail "big mall" experience by targeting local vendors. 

1 comment:

  1. The Levee is struggling. The entire project lacks focus. Seems everything is a shoestring effort. Bricks and mortar retail are in decline, all food services suffer the pandemic and no one likes to pay parking. This mall like structure should be removed from the riverfront.

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