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Records will be broken. That is the anticipation for this year’s ICSC New York Deal Making show, taking place this week at the Jacob K. Javits Convention Center, on New York City’s West Side.
Attendance is expected to top 11,000 for the first time, which would set a conference record, up from last year’s roughly 10,300 attendees, according to Timothy McGuinness, ICSC’s vice president of global trade expositions. The show has essentially doubled in size over the past three years, both in terms of exhibit space and attendance numbers. “The numbers speak for themselves as far as how important this event is to the industry,” said McGuinness.
New York Deal Making has been held at the Javits Center since 2014, but this year’s conference space is to increase by 25 percent, to nearly 221,000 square feet. The show’s main entrance is the center’s 15-story Crystal Palace entrance hall. Upon entry, attendees access three main areas in succession: the Global Pavilion, the P3 Pavilion and the Innovation Lounge.
One of the biggest talking points around this year’s show is the move to the glass-roofed top floor of the Javits Center. “It has been a goal for ICSC for a very long time to first move the program to Javits and then from the lower level to the prime exhibition hall,” said Stan Glantz, CRX, CDP, chairman of the conference program planning committee and vice president of development and construction at New York City–based Katz Properties.
Though the total number of exhibitors is remains at about 500, McGuinness cites a pent-up demand among them to augment their individual spaces, and this is what the move upstairs provides. “Many of our members wanted more space and to expand their footprint on the show floor, versus in the past, where there were challenges because of space constraints that we had at the venue,” he said. “Moving the show upstairs has enabled us to allow companies who wanted incrementally more space over the last couple of years to [have] that incremental space.”
The larger exhibitor footprint has allowed Kimco Realty Corp. to expand its presence from only a meeting room to a full booth this year, according to Ross Cooper, Kimco’s president and chief investment officer. “The show is important for us, since it’s a year-end event, and it is a good opportunity to rehash the past year while also looking forward to the following year,” said Cooper. “It is well attended, with retailers as well as capital-markets participants, so we take advantage of the feedback both internally and externally to help craft our strategy going forward.”
Many share the sentiment. “Beyond the meetings with new and old acquaintances and a myriad of networking opportunities, this is truly where retail deals foment,” said Faith Hope Consolo, chairman of retail leasing at Douglas Elliman Real Estate. “Forget the naysayers — retail is alive and well. This is the best platform, with a gathering of the best minds. It is a must-attend if you want to stay at the top of the game. I’ve been participating for 25 years, and I consistently gain new knowledge of trends and ideas and strengthen my contact base.”
“Forget the naysayers — retail is alive and well. This is the best platform, with a gathering of the best minds”
Hessam Nadji, president and CEO of Marcus & Millichap, agrees. “Attending New York Deal Making makes it possible for us to connect with more retail clients and potential clients than any other retail event because of its draw and massive attendance,” Nadji said. “The industry comes there to do business, and we consistently close deals at the conference.”
Retailers, too, find the New York show to be of great value, as Michael Shanahan, vice president of real estate at Burlington Coat Factory, will attest. “As Burlington accelerates its new-store growth,” Shanahan said, “this show has become one of the most important deal-making events, attracting developers from all across the country.”
Glantz says the 2017 show is “substantially different” as it strives to be both more national and more international in scope. “Over the last several years, the program has drawn from a national audience, and this year’s conference includes various sessions of a global nature as we turn our attention to reach a wider global audience,” Glantz said.
By Ben Johnson
Contributor, Commerce + Communities Today
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