Development / Redevelopment
Our core belief is that by its very nature a community focused development is a collaborative endeavor by us as developers, the municipality and surrounding neighbors to provide quality housing, lodging, goods, services and entertainment to its customers. We operate a development to be a positive asset to it owners, residents, merchants and the community where it is located.
Your shopping centers have to constantly compete with new centers opening in their trade area. Competition for tenants and shopping dollars has become fierce. The current market demands that property owners refocus and remerchandise existing centers to preserve and enhance their investment.
Revitalizing a shopping center offers an opportunity to capitalize on existing traffic and convenience together with the excitement of a new development.
At Concordia Realty Corporation we take decisive action to revitalize centers which have stagnating sales volumes, tired looks or inappropriate tenant mix.
We first evaluate a shopping center’s competitive position in its trade area and region. Concordia Realty Corporation then actively researches each area’s demographics, aggressively seeking the right tenant mix for a center, and implements any needed structural changes or renovations.
With a strong practical knowledge of the shopping center business, we provide the full range of services needed to turn stale shopping centers into vibrant active centers. From property and pro-forma analysis, through anchor tenant leasing and construction, Concordia Realty Corporation provides the skills and experience to complete the job.
Successful revitalization improves the financial performance both in terms of your return on investment and the shopping centers market share.
Concordia Realty turns an under-performing shopping center into a profit center.