Virginia Beach Vintage Shops May Be Redeveloped Soon
The Impact of Redevelopment on Local Vintage Shops Redevelopment opens up opportunities for expansion and increased foot traffic. However, it also poses existential threats to local vintage shops. These small businesses are crucial to the community culture. Yet, they face challenges like increased commercial rents which can displace them. With new developments, leasing preferences often shift. This favors national and regional chains, sidelining vintage enterprises. Vintage shops typically operate in smaller spaces. These small spaces might be sacrificed for larger tenants, disrupting this cultural asset. Redevelopment can shift foot traffic patterns. This poses risks to their niche customer base, impacting visibility and sustainability. MarketSquare in Virginia Beach, formerly known as Lynnhaven Shopping Center, provides an example of a shopping center undergoing redevelopment, altering its retail lineup and potentially affecting local independent businesses. Construction can lead to ...