Regional Renaissance by Charles W. Wessner & Thomas R. Howell

Author:Charles W. Wessner & Thomas R. Howell
Language: eng
Format: epub
ISBN: 9783030211943
Publisher: Springer International Publishing

7.1.6.3 Retail

Nanotechnology-related operations in the Capital Region have drawn significant new investments in retail stores throughout the region. In 2013 the General Manager of Crossgates Mall in Albany, Joseph Castaldo, noted that Lord & Taylor and Designer Michael Kors would open stores at the mall in 2014 and that Crate & Barrel would open up a “pop-up” store during the Christmas season, one of only four nationwide. Castaldo observed that the region had grown wealthier and that the technology sector’s impact should not be overlooked— When we do leasing for any tenant, whether Lord & Taylor or Dave & Buster’s…the boom in the nanotech college, GlobalFoundries, the Global 450 consortium, all of that has been a selling point. It changes your whole demographic profile. 95

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