Most successful cities are sustained block by block, rather than by large, expansive developments. Our approach to commercial redevelopment begins by identifying underperforming or undesirable land or properties. Then, working with local government and existing business and landowners, we create a creative, practical master plan. Finally we roll up our sleeves and begin the long cumbersome process of turning them into beautiful, productive sites where businesses can grow and thrive. Assemblages of unsightly vacant lots, unrelated buildings, and poorly maintained rental properties become thriving mixed-use developments that bring new vitality to a community in a multitude of ways. Land values go up, existing businesses gain new clientele, the job base expands and local municipalities gain additional tax revenues to invest in other amenities.
There are numerous well-documented benefits of commercial redevelopment, but there are numerous challenges as well. Demolition and removal of existing structures, new requirements for water, sewer and power infrastructure, the need to minimize disruption to the surrounding neighborhood – these are just a few. Lake West Development has decades of experience and the proven capability to successfully manage the multiple difficult challenges that come with commercial infill redevelopments and to bring each project to completion in a way that rewards all stakeholders with increased economic health and prosperity.