GMU: High Hurdles for Redeveloping Older Retail Centers

The redevelopment of older low-rise suburban retail strip centers into modern mid-rise mixed-use projects has been proposed to create more housing in desirable walkable communities. Experienced real estate developers have successfully delivered some of these projects but there are high hurdles for those who want to undertake this complex challenge.

Learn about the many issues in redeveloping older retail strip centers from a case study presentation with Combined Properties, a major retail owner and developer in the Washington D.C., area. Combined Properties owned an obsolete 50-year old retail strip center on 9.8 acres in the City of Fairfax. After many years of planning and effort, the property finally reopened in 2020 as Scout on the Circle, a mixed-use community with 400 apartment units, 29,000 sq. ft. of small retail spaces, and a 54,000 sq. ft. Giant grocery store.

 

Date: November 17, 2020

 

Time: 5:00 pm - 6:00 pm
Location: Online
Fee: $10
Registration: Registration Now Closed
For more information, please contact:
Name: Roderick Maribojoc
Email: [email protected]
 

Featured Speaker: Kathy Bonnafé – President and CEO, Combined Properties

Katherine Bonnafé is responsible for directing Combined Properties’ strategic, operational, and financial activities. She joined the company in 1990. Prior to becoming CEO, she held numerous other positions including: financial analyst, director of acquisitions, senior vice president of Capital Markets, chief financial officer, executive vice president, and president. Combined Properties currently has a $1 billion portfolio comprised of 40 retail and mixed-use properties, growing to over a $2 billion portfolio with over six million square feet when including current projects under development.

 


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