Lake Anne Village Center Commercial Reinvestment Plan
Working with and on behalf of the owners and operators of Lake Anne Village Center's (LAVC) non-residential uses, the OCRR 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, to develop a Commercial Reinvestment Plan (CRP) for the LAVC. The CRP includes an assessment of the current conditions affecting the non-residential uses in the LAVC, and provides recommendations that can be pursued to stabilize and sustain current establishments and attract viable and complementary new non-residential establishments to the LAVC. A&M/TEG will present their findings and recommendations at a public meeting, at a date and time to be announced shortly.
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.