REDEVELOPMENT

Fitting Seamlessly Into the Surrounding Community

Our philosophy is that redevelopments should fit seamlessly into the surrounding community. By repurposing existing architecture, we reduce the amount of demolition debris entering landfills and stimulate economic growth around redeveloped properties.

With every redevelopment project, we also look for opportunities to acquire and revitalize neglected, deteriorating, or abandoned properties, expand their use, and create the infrastructure to support traffic in and around these areas. We also study how the community interacts with those spaces and work with local officials to ensure that our projects fulfill a need. And through our connections and partnerships, we bring the right businesses into our redeveloped properties.

Our Process

When we envision a redevelopment project, we think about the details that add aesthetic appeal. Public spaces may be utilitarian, but they don’t have to be cold or uninviting. Working with architects and landscape professionals, we create concepts that include new ponds, native plants, trees, and green space.

And beyond planning the physical design and construction, during the pre-development phase we also conduct a thorough market analysis so we can gauge when stakeholders will see a return on their investment. Performing due diligence, overseeing permits, zoning, surveys, and compliance to avoid any setbacks during the construction phase are critical to the process.

We also work with national restaurants and retailers that rely on our market expertise in finding high-profile locations as part of a broader redevelopment project. In most cases, we have tenants lined up with executed leases before construction is complete.

Acquisition Criteria

Office Properties:
  • Type: Class A and B office buildings
  • Cost: $10 – 25 million
  • Location: Primary and Secondary Markets
  • Regional Focus: Midwest and Southeast
  • Occupancy: Below Average Occupancy

Retail Properties:
  • Type: Class A and B neighborhood retail centers
  • Cost: $5 – 10 million
  • Location: Primary and Secondary Markets
  • Regional Focus: Midwest and Southeast
  • Occupancy: Low Occupancy

Multifamily Properties:
  • Type: Class A and B apartment communities
  • Cost: $5 – 10 million
  • Location: Primary and Secondary Markets
  • Regional Focus: Midwest and Southeast
  • Occupancy: Average to Above-Average Occupancy

Land:
  • Size: 5 – 50-acres
  • Location: Primary and Secondary Markets with High Density
  • Regional Focus: Midwest and Southeast
  • Site Details:
    • – Hard Corners
    • – Interchanges
    • – 95% Developable
Do you have questions? We might have the answer

Feel Free to Reach Out

If you would like to know more about our company, our team, our process, or anything else about KennMar, we would love the chance to talk to you and answer your question.

We invite you to use this form and get in touch with us.

* indicates required
what would you like to know more about?
stay updated