Delivering New Energy
We are committed to enhancing our customer experience and portfolio quality. Our self-funded 3-R (Redevelop, Repurpose, Reposition) platform was created to focus on community improvement, tenant and customer satisfaction, and raising the value of our properties.
- REDEVELOP Substantial renovations, e.g. tear-downs, re-merchandising, exterior/interior improvements
- REPURPOSE Substantial alterations, including changing the product-type
- REPOSITION Less substantial asset enhancements, generally $5mm or less of investment
Working together, our experienced team of development professionals creates opportunities vital to the long-term success of our company and the communities we serve. Our 3-R projects provided a 12% annualized return in 2017.
FEATURED DEVELOPMENT: EDDY STREET COMMONS AT NOTRE DAME
Eddy Street Commons at Notre Dame is a premier mixed-use destination in South Bend, IN, located adjacent to the University of Notre Dame’s campus. The development features retail, multifamily offerings, hotel accommodations, and office space. In 2018, the development’s footprint expanded with the opening of the Embassy Suites by Hilton South Bend at Notre Dame hotel. Eddy Street Commons continues to expand, with Phase 2 of the site currently under construction. Upon completion, Phase 2 will feature additional retail, multifamily offerings, and a community center.