Lake Anne Village Center Commercial Reinvestment Plan
Working with and on behalf of the LAVC’s non-residential uses owners and operators to develop a Commercial Reinvestment Plan (CRP) for the LAVC, the OCR contracted with Alvarez and Marsal Real Estate Advisory Services, LLC (A&M), who augmented its wide ranging real estate knowledge with that of The Eisen Group (TEG), which specializes in retail and mixed-use real estate.
Released in 2011, the LAVC CRP contains an assessment of current conditions affecting the non-residential uses, and provides short and long term strategies to stabilize and sustain current establishments and attract viable and complementary new non-residential establishments. Today, the CRP continues to be successfully implemented by the Lake Anne Village Center, a Condominium Association (LARCA) Merchants Association bringing new life and vitality to this important community gathering place, and mixed use residential and commercial center.
Click here to go to the Lake Anne Calendar of Events.
The Final Report, April 2011
- Executive Summary
- Current Conditions Assessment
- Commercial Reinvestment Plan Recommendations
Click here to view a PowerPoint which contains A&M/TEG findings, commercial management program strategies, and revitalization concepts.