Development Magazine Winter 2011

Development - Ownership

Kierland Commons Retail Center

How to Succeed in Lifestyle Retail 

Planning to develop a new live, work, play, retail center? Want to keep it 99 percent leased even in less-than-stellar economic times, maintain a full parking lot, blow the original pro forma out of the water and offer a sense of freshness and allure even after 11 years? Then you need to visit Kierland Commons in Phoenix before putting pencil to paper.

Development ’11 reception

Insider Info from Development ’11 - Forecast ’12: Recovering 

Just when the recovery seemed to be taking hold, the summer of discontent and uncertainty began. But as many speakers at NAIOP’s Development ‘11 conference assured attendees, fundamentals are improving, manufacturing has been growing in certain areas, and the likelihood of a double-dip recession seems remote.

Boyle and Harris Office Buildings

Strategically Green - NAIOP Sustainable Development Award Honors Bissell for Boyle and Harris Office Buildings 

North Carolina-based Bissell was named the recipient of NAIOP’s annual Sustainable Development Award. Bissell was honored for the Boyle and Harris office project, twin ten-story commercial structures located in Charlotte, N.C.

NAIOP Past Chairmen

Not Your Grandfather’s Cycle – Past Lessons and Survival Tips for the Future 

Since the economy’s near-meltdown three years ago, the industry has been struggling with the recession, unemployment, debt overhang, a disappearing-then-reappearing-then-contracting CMBS market, a toxic political environment and European bank woes. Development caught up with eight former NAIOP Chairs, all of whom had experienced previous downturns, and asked their thoughts and observations on the last three years.

view of office space in Twelve West from the outside.

Revitalizing an Urban Neighborhood through Integrated Design 

Portland is widely recognized as one of the country’s most environmentally friendly cities, noted for its focus on comprehensive urban planning, commitment to light rail investment and leadership in sustainable architecture. Decades of double-digit population growth has led a regional planning authority to push for high-density, transit-oriented developments and laid the groundwork for a nascent revitalization of the city’s West End.

Bridge Point Woodbridge interior of the warehouse with tractor trailers.

Staying the Course through Development’s Wild Ride 

Fall 2008 was a painful time to have one new commercial development started, but imagine two projects – a two-building industrial complex and a green office building, both barely out of the ground in suburban Chicago. Bridge Development Partners, LLC, confronted this predicament and fought against some of the worst mar¬ket conditions to complete these projects.

Chester S. Morey Mercantile building

Strategically Green - Sustainable Cities, One Block at a Time 

By 2050, 84 percent of the world’s population will likely live in cities, according to the United Nations Foundation. An innovative non-profit organization, Living City Block, is pursuing a vision of “regenerative and resilient cities that are culturally thriving, energy and resource hyper-efficient and economically sustainable.”

From the Archives: Development Ownership Articles from the Previous Issue

Ford Motor Company Campus

2011 Developer of the Year – CenterPoint Properties: At the Center of Hub-Based Intermodal Development 

The downside of a real estate cycle is no picnic, but it is often the time when the best-managed, best-focused companies gain market share and emerge stronger as the economy heals. Such a company is Oak Brook, Illinois-based CenterPoint Properties.

700 Sixth Street exterior view

700 Sixth Street: A Strategic and Adaptive Blend 

In July 2009, 700 Sixth Street opened with a ribbon-cutting celebrating not only the completion of a project but a vision brought to life. Washington, D.C.’s Mayor, officials from the city’s economic development and environmental agencies, the project’s Tokyo investor, and its lead tenant were all in attendance.