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Money Transit retail hitting the mark as train stations multiply

15:05  09 april  2018
15:05  09 april  2018 Source:   smh.com.au

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Central Station is also getting a 5 million upgrade featuring an expanded retail precinct. Transit retail is big business with some outlets making more sales than a stand alone store. In overseas countries, train stations have more retail sites than above ground.

MARC Train Service is a commuter rail system whose service areas include Harford County, Maryland; Baltimore City; Washington D.C.; Brunswick, Maryland; Frederick, Maryland and Martinsburg, West Virginia. MARC Transit Team Network Stations .

Woods Bagot and John McAslan + Partners are the architectural partners delivering the Sydney Metro upgrade to Central Station, a key component of the Sydney Metro City & Southwest project.© Woods Bagot and John McAslan + Partners Woods Bagot and John McAslan + Partners are the architectural partners delivering the Sydney Metro upgrade to Central Station, a key component of the Sydney Metro City & Southwest project.

Sydney Metro is delivering eight new metro stations which will be a bonanza for retailers as they capture the passing parade of passengers.

The same is happening in Melbourne, where the metro is being expanded and also creating a boom for retail outlets.

Transit hubs, like hospitals and airports, are the new frontiers for retailers.

Consumers are captive in hospitals and airports. However, they are also in a rush and need to grab things on the run in transit hubs.

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precinct. Transit retail is big business with some outlets making more sales than a stand alone store. Pink's troubled tour of Australia has hit another snag - as her infant son Jameson is suffering from hand, foot, and mouth disease. Pink's troubled tour of Australia has hit another snag - as her

MARC riders who use Amtrak service may be subject to inspection and/or screening prior to boarding Amtrak trains at Union Station in MTA Commuter Bus Route 991 MTA ICC Commuter Bus Route 204 Frederick County TransIT Routes 10, 20 Frederick County TransIT Meet- the - MARC shuttle.

Already, key retailers are lining up to snare a lease in the rebuilt Wynyard station in the City, which will be a mix of luxury brands and food and beverage outlets.

Central Station is also getting a $955 million upgrade featuring an expanded retail precinct.

Transit retail is big business with some outlets making more sales than a stand alone store. In overseas countries, train stations have more retail sites than above ground.

Shopping in airports is also a major growth opportunity for retailers, and is being well-supported by consumers.

Sydney and Melbourne domestic and international airports have undergone major renovations with many big names opening stores, both within the duty free zones and outside the customs areas.

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MARC ticket vending machines (TVM) are located at Washington Union Station and the following MARC Train stations Takoma Langley Crossroads Transit Center MARC and MTA Commuter Bus tickets, SmarTrip cards (including Senior), and loading fare value and passes onto SmarTrip cards.

Transportation. Transit . MTA MARC Train . BWI Marshall Airport offers free, frequent, and convenient shuttle service between the MARC /Amtrak station and the BWI Marshall Airport Terminal.

With travel now taking longer with heightened security, travellers are getting to airports earlier making the linger time longer at the terminal.

This is creating retail opportunities, according to the leasing agents.

Apart from the Sydney Metro project, Grocon in partnership with Aqualand and Scentre Group has been selected by the Barangaroo Delivery Authority to deliver Central Barangaroo to create a vast retail and residential hub.

There will also be a new train station, which will lead into a Westfield mall.

According to James Tuma, national director of Urban Design at Urbis, with a large number of infrastructure projects underway across Australia, and a growing population, there is no better time to leverage the space within, above and around transport hubs.

''Transport hubs can unify and integrate surrounding suburbs and inspire customer experience to spark the senses to keep travellers coming back,'' Mr Tuma said.

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The MARC Train is the commuter rail system serving the Baltimore–Washington Metropolitan Area in the United States. The system is owned by the Maryland Transit Administration (MTA Maryland), and serves Maryland, Washington, D.C., and West Virginia.

''A transport hub can incorporate much more than just a supermarket.''

The Sydney Metro Northwest project, which opens in the first half of next year, is the first stage of Sydney Metro which will be the first fully-automated railway in Australia.

The director of retail services and asset management at Savills Australia, Ben Nastasi, said the first stage includes eight new railway stations from Cudgegong Road Station, Rouse Hill to Cherrybrook and the upgrade of five existing railway stations, which will open in the first half of 2019.

Mr Nastasi said Sydney Metro Northwest are planning to deliver retail offerings that are station specific and complimentary to the broader newly created station precinct and retail already on offer in the immediate area.

''Local demographics and customer research feedback allows us to provide a more tailored experience for commuters at each station, reflecting the site-specific retail need with usages accommodating their respective catchments,'' he said.

According to Savills Quarter Times report, national retail investment volumes reached a 10 year high at $9.17 billion in 2017, with almost half of the total value invested in the $200 million plus segment, a trend which hasn’t been seen since 2007.

While overall volumes appeared to moderate during the first half of 2017, major investment volumes quickly recovered and the final quarter closed strongly.

According to Katy Dean, associate director of research and consultancy at Savills Australia, investment volumes in 2015 were close to $9 billion.

A new CBRE report shows one-fifth of brands from the Americas, and Europe, the Middle East and Africa are targeting travel hubs (such as airport and railway terminals) as an emerging area for expansion.

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