Bringing New Energy to Forgotten Spaces
Where some firms might see insurmountable challenges, we see opportunities. We have built a business model around acquiring properties and taking on redevelopment projects that other investment firms might shy away from.
We are also disciplined in our approach to improving communities through ethical development. This means that with every project we undertake, we put the needs of the community first, working side-by-side with local leaders to develop plans that align with their vision and complement the nearby architecture and landscape.
Above all, we believe in the importance of investing in areas where we can have the greatest positive impact on residents, businesses, and towns. With every project we consider, it is our goal to produce an outstanding result. At the end of the day, when we ask ourselves, “Have we done any good in the world today?” we should be able to answer with a resounding “Yes.”
We are specialists at identifying ideal locations for commercial development projects.
As part of our process, we analyze local growth, market trends, and infrastructure projects to predict where retail hubs should be located to draw the most investors. We then work with local governments to balance incentives with investment partners and local communities, and we negotiate agreements to bring new businesses to areas of emerging economic growth.
Our Process
KennMar believes that new developments should complement existing retail areas and communities. When developing plans, we consider the scale and style of nearby architecture, as well as how new development may affect traffic. To ensure consumers and local residents can move through new development areas with ease, we may work with municipalities to add new roadways, expand existing roadways, or alter traffic patterns.
We oversee all aspects of planning and due diligence, collecting public comments, applying for tax incentives or municipal bonds, and ensuring our stakeholders are shielded from any unnecessary liability.
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 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.
KennMar’s investment philosophy takes a community-first approach.
For every acquisition we consider, whether it be an office building, retail center or hotel, we look for price disconnects in high growth markets that have the potential to generate ongoing income for our investment partners.
Finding opportunities that generate value today is the easy part. Identifying those that the market will demand in coming years is where we thrive.
