The 'return to the cities' trend that began in the US in the 1980's continues to generate in-fill redevelopment opportunities for mixed-use projects offering ground floor retail combined with office and residential uses. The on-going challenge for each individual project is how best to successfully weave together new uses and facilities within the fabric of the existing community.
In 1986, Glenn Williamson led an organizing effort among local development groups to market 41 Chicago neighborhoods to national retail chains in partnership with the International Council of Shopping Centers (ICSC). Lessons learned from this city-wide effort were later put to use as executive director of the Beverly Local Development Company, which acquired and redeveloped vacant land and an historic landmark into medical, office and retail projects in the early 1990's.
Amber Real Estate is now focused on projects in Washington, DC, blending urban redevelopment experience here in the US with lessons learned overseas. One lesson learned in Russia is that incorporating a mix of uses reduces the risk of failure from over-reliance on any one market segment. Another lesson from Chicago is that medical uses and other specialty tenants can establish long-term viability for sites where more traditional retail uses may not make as much sense.
The following 3 projects offer a sample of the variety of experience Amber can offer.
1. Development of the Morgan Park Professional Centre, Chicago
2. Advisory services for Hill East Waterfront, Washington D.C.