![]() ![]() Don’t be afraid of shopping mall construction.Ģ) Know your construction limits. People want to know what is going on, and a shopping mall owner showing a proactive approach can also help lure new tenants. ![]() Shopping mall construction attracts curiosity and builds buzz for a shopping center. They think major retail construction turns people away from their shopping mall. Believe it or not, a lot of shopping center landlords and retail investors are afraid of a shopping mall construction project. Here are some points to consider before purchasing an underperforming shopping mall.ġ) Don’t be afraid of a big retail construction project. ![]() Many of these purchases will come with a significant retail renovation and construction component that is imperative to making your overall deal work and keeping your commercial construction budget in line. Perhaps the most important aspect in this process will be engaging a national retail commercial contractor for advice and feasibility studies. However, like all major investments, due diligence should be a major component prior to the purchase. As the economy improves and prices hit bottom, these transactions have become more realistic for commercial real estate investors when compared to past years. Dated interiors, as seen at this EC project, require significant work and reimagining.Īs we have mentioned in previous posts, opportunities abound for investing in underperforming shopping malls right now. ![]() Englewood Construction is currently engaged in several mall redevelopments across the country. ![]()
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4/4/2024 02:00:00 pm
UP Development, LLC, a premier retail developer with more than 25 years of experience focused primarily in urban communities in the Southeast and Midwest, is expanding into high growth markets nationwide.
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