The New Formula For Modern Living.
More and more, consumers are showing a growing desire to live in walkable work-play communities. Whether in downtown area of large and small cities or in urbanizing suburbs, a significant lifestyle shift points to highly designed personal living space, shared social space, and public or publicly accessible amenities converging into one.
On-demand culture has taken hold in many ways. E-commerce has driven radical changes in consumption habits. As a result of online marketing and at-home delivery, the retail sector is changing on a scale not seen since the advent of the suburban shopping center in the 50’s.
AvalonBay has been at the forefront of successfully developing residential and retail mixed-use environments and has increasingly pursued these developments since the last recession.
Whether delivering a retail component to our retail partner for their ownership and operation or owning and operating the retail ourselves, AvalonBay has honed the institutional knowledge and capabilities to deliver complex mixed-use products.
To date, those efforts are the result of our regional development teams sourcing and executing one-off opportunities. With the goal of substantially adding to our mixed-use portfolio, AvalonBay is now seeking to create programmatic relationships with retail partners in great retail environments.
Rather than merely reducing excess retail capacity AvalonBay offers retail property owners the alternative of reconfiguring older retail assets into potentional street-level retail while adding residental density.
Why Partner With AvalonBay?
Through AvalonBay’s twelve regional operations teams, we offer retail partners the ability to work on multiple site locations backed by a track record of success and consistency. Beyond the power of our financial strength and experience, we also act as our own general contractor, providing streamlined execution for our retail partners. These capabilities enable AvalonBay to perform in the time frames required to effect a mixed-use development program, successfully maneuver the myriad of technical building issues in mixed-use environments, and complete the legal documentation necessary for mixed-use projects with multiple ownership entities.
- A clear corporate commitment to mixed-use development and acquisition
- Expertise developing, constructing, and operating mixed-use product in all of our regions
- Shared best practices and consistent approach company wide
- A balance sheet second to none
- A single point of contact for all mixed-use development
Jonathan B. Cox