2015 Year in Review - Jim Diamond

What emerging trends will drive investment and development in 2016? Online retail sales in the United States will grow to $327 billion in 2016, up 45% from $226 billion in 2015. And 30% of e-retail sales will be from a phone or mobile device.  As we look to the future we expect a diminishing need for traditional big box and traditional main street retail space. While the internet may continually steal market share from brick and mortar retailers, restaurants and entertainment venues may prove to be more resilient. Diamond Properties has been expanding its entertainment group and focusing on modern entertainment centers that include bowling, go kart racing, laser tag and redemption arcades, coupled with a compelling mix of craft beers and food offerings.  Using our two existing brands of Spins Bowl and Grand Prix New York Racing, we have grown to 4 locations with another 2 planned to be in place by the end of 2016. We are continually looking to acquire 100,000 sq ft+   properties that may have passed their prime as traditional retail,  could serve as compelling locations for family entertainment venues.