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Osman Construction on both projects. a really good opportunity for us in this “I think we’re all trying to figure that out.
SERVICESTAR’s first retail center with- area,” he says. SERVICESTAR has plans More and more enclosed malls are being
out an automotive center is the Eagle’s to develop 15 mixed-use projects within torn down as opposed to being built.”
Nest Village Center in Aurora, Colo. Sit- the next three years, which includes three He adds that the company is focusing
uated on a 16-acre site, the project includes developments in Colorado, totaling over on “pedestrian-oriented” developments.
33,000 square feet of unanchored retail 100 acres: Fort Carson (Colorado Springs), “People want everything all in one place,
space and five out-lots which are sold, Grand Gardens (Pueblo) and Reata Ridge and a lot of them want community cen-
ground-leased, or built-to-suit to national (Parker). ters,” Poremba continues. “That’s the recipe
banking, retail and restaurant outlets. So far, the company has faced only good we’re trying to do – we’re trying to create
The $26 million development is expected changes since the transition, Poremba a sense of place that’s vibrant, conven-
to be completed in November after eight notes. Because it is a turnkey developer, ient, and a place where people want to be.”
months of construction. SERVICESTAR employs people specializ- The company recently hired an acqui-
Poremba describes Eagle’s Nest as a ing in real estate, entitlement, architecture, sitions director to look for additional
“perfect” setting for a neighborhood cen- construction, leasing and brokerage serv- development opportunities in Dallas,
ter. “It has a lot of marketing features,” he ices. However, it is looking into expand- Colorado, Chicago and Virginia. “We
emphasizes. “It’s right across the street ing its staff. “We’re most likely going to already have a good track record there, so
from a marquee development and is bring in new key people in the near we hope to create more successful devel-
adjacent to E-470, and on a busy intersec- future,” Poremba says. “In the develop- opments [in these areas],” Poremba says.
tion with outstanding views of the Rocky ment industry, you always have to take He says he wants to see SERVICESTAR
Mountains. Therefore, the inline building baby steps. Some of the timing has to do continue its success in the retail develop-
is an ideal site for smaller tenants like with approvals, so we have to plan ment industry. However, its short-term
restaurants, fitness studios, nail salons, around definitive points first in the goals include familiarizing itself with
and other uses that support the nearby months ahead.” military-base work because of the loca-
high-end, high-growth neighborhoods. tion of some of its developments, as well
Dynamic Industry as becoming LEED certified. Poremba
Only Positive Changes Poremba, who joined SERVICESTAR in adds that the company will strive to cre-
Poremba says the market is moving to- 2001, says the retail industry continuous- ate projects with good design and that
ward more lifestyle developments. “There’s ly changes. “It’s pretty dynamic,” he notes. are economically feasible. ■

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