WHAT WE DO
CHANGING THE LANDSCAPE
Well adapted to the needs of today’s demanding market, RED Development succeeds as a malleable and multi-faceted commercial real estate company. RED has grown from its much-admired development roots by deploying the company’s sizable expertise in the ongoing management and acquisition of existing properties – a growing niche that continues to thrive. RED Development is a partner of choice for elite national retailers, real estate investors and property owners when it comes to maximizing asset value and performance.
NATIONAL REACH, OPERATIONAL EXCELLENCE
RED Development’s portfolio includes a high-quality mix of retail, commercial, and mixed use properties with national reach. Building on a track record of operational excellence for its own properties, RED’s market-leading asset management services help third-party property owners heighten performance metrics via superior leasing, property management, marketing and more.
ROOM TO GROW
From the company’s founding in 1995, RED’s experience in development has translated to robust capabilities, resulting in improved profitability and appeal through remerchandising and repositioning properties. This proven expertise – combined with talented, longstanding company leadership – continues to help RED Development attract discerning capital partners, including AEW and its pension fund client. Strong access to both capital and debt markets is enabling RED to grow through acquisitions in select markets.
Differentiating RED Development are key qualities that range from our developmental prowess, asset management acumen and flexibility, all blanketed by our highly accomplished leadership team with limitless resources skills. Together, these qualities position RED as a leader in today’s evolving real estate landscape.
Strong access to both capital and debt markets is enabling RED Development to grow through acquisitions in select markets. RED is uniquely well positioned to take advantage of attractive acquisition opportunities. Led by a cohesive team of executives that includes the company’s founders, RED is both big enough and small enough – a privately held, well-capitalized organization with a rock-solid reputation for delivering projects and deals as promised. RED also draws on many years of successful retail and mixed-used development experience to reposition and enhance the performance of acquired properties.
The RED Development property The Shops at Hilton Village, a well-situated property on high-impact Scottsdale Road in Scottsdale, AZ is a prime target for RED’s specialty – unlocking hidden value through strategic updates and smart remerchandising. Additionally, The Shops at Town & Country in Phoenix is also realizing new value with an expansive Whole Foods Market and two energy-filled restaurants.
Building on a track record of operational excellence for our own properties, RED Development’s market-leading asset management services help third-party property owners heighten performance metrics via superior leasing, property management, marketing and more.
Essential experience gained through RED’s strong history of development since the company’s founding in 1995 translates to robust capabilities in remerchandising and repositioning properties to improve profitability and appeal.
TAILORED ANSWERS, DEDICATED TEAMS
Whether it’s a true turnaround story or taking a center from good to great, our team brings seasoned professionalism in every real estate discipline. We work to custom create the right asset management program for every property to maximize its full potential.
RED Development has long been able to attract outstanding, experienced executives for roles across the company. Part of that appeal is our flat structure which promotes speedy decision-making and rewards entrepreneurial thinking. Through this wealth of industry talent, we’ve been able to incorporate the best practices of blue-chip real estate and retail companies in a manner that fits well within RED’s own nimble and fast-moving culture.
Development is a core expertise – and passion – for the people at RED. We guide a high-quality retail and mixed-use portfolio with reach across the United States and a diverse range of clients – many of which we built from the ground up.
Through years of outstanding development work, RED has honed our expertise in every commercial real estate discipline including design, construction, entitlements, leasing, property management, marketing and more.
CHANGING THE LANDSCAPE
Most notably, RED was the developer behind CityScape, the first vertically integrated mixed-use project in downtown Phoenix, AZ. Expanding upon the iconic 1.2 million square foot Cityscape property, Block 23 at CityScape added 200,000 square feet of mixed-use development to the Phoenix skyline, including the first grocery store in the downtown city center.
Additionally, The Union Dallas, which straddles the border between Uptown and Downtown Dallas, TX, transformed the skyline and brought the first urban grocery store to the market.
Current mixed-use projects underway include the mega, mixed-use redevelopment of the former 93-acre+ Paradise Valley Mall in Phoenix, AZ; The Grove at the prestigious corner of 44th and Camelback Road in Phoenix, AZ, home to the first-ever boutique hotel by acclaimed restaurateur, Sam Fox; and Tempe Depot in Tempe, AZ, the first multimodal site in Greater Phoenix with connections to the light rail, streetcar and commuter bus stop systems.
RED is well positioned to pursue development opportunities nationwide.