KennMar looks for opportunities to revitalize neglected, deteriorating, or abandoned properties, expand their use, and create the infrastructure to support traffic in and around these areas. By repurposing existing architecture, we reduce the amount of demolition debris entering landfills and stimulate economic growth around redeveloped properties.
Our philosophy is that redevelopments should fit seamlessly into the surrounding community.
As we eye potential redevelopment sites, we study how the community interacts with those spaces. We 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.
Any property KennMar considers for redevelopment must have the potential to generate ongoing income for our investment partners. During the pre-development phase, we conduct a thorough market analysis so we can gauge when stakeholders will see a return on their investment. We also perform due diligence, overseeing permits, zoning, surveys, and compliance to avoid any setbacks during the construction phase.
KennMar has partnerships with national restaurants and retailers that rely on our market expertise in finding high-profile locations as part of a broader redevelopment project. We also excel at forming new business relationships, as we did when we partnered with a grocery chain to be the anchor tenant in Brookshire Village Shoppes, a multimillion-dollar redevelopment in Carmel, IN.
When we envision a redevelopment project, we think about the details that add aesthetic appeal. Public spaces may be utilitarian by nature, 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 and trees, and green space – even if it’s just a lush green median dividing a commercial parking lot.