Retail Market Strategy: Indianapolis, Indiana
Residential Market Strategy: Salt Lake City, Utah
Market Strategy: Oldham County, Kentucky
We were able to confirm solid opportunity for new condominium and single-family units with exceptional absorption rates at appropriate price points.
A private development company in Mississippi retained Anderson Economic Group to conduct a feasibility study for their proposed development of a mix of dwelling units in a Planned Unit Development (P.U.D.) near Ocean Springs, Mississippi.
Nearly two years after the devastation that Hurricane Katrina brought to the coastline, these developers and our firm were among the first in efforts to develop new low-income and market rate housing to the area. The purpose of our study was to develop an optimal strategy for development, identify the opportunity for new multi- and single-family units, determine target price points and formats, and provide anticipated absorption rates. As a part of our work, we conducted a site visit, market tour, supply and demand analysis, and a thorough inventory of the current supply of for-sale houses within the local area.
After less than two months of pre-sales, the project sold nearly every unit in the planned development.
Patrick L. Anderson, Ian K. Clemens
AEG conducts market research to determine the best location for Covisint.
An analysis of the economic impacts of the proposed Gun Lake Casino.
Retail Market Analysis and Feasibility Study
The Taubman Company – Nassau County, New York
The Taubman Company, a nationally known developer with 30 premier shopping centers throughout the United States, retained Anderson Economic Group to conduct a market study assessing the supportability of a proposed regional shopping center in Nassau County, New York. The market area is affluent but very competitive, and the proposed regional mall received strong resistance from community residents who did not want just another mall.
Anderson Economic Group conducted a quantitative analysis that included detailed field work and retail inventories, analysis of resident demographics and resident expenditure patterns on department stores and other retail categories, and an evaluation of site characteristics. We detailed the benefits and risks of the project, and formulated an achievable tenant mix for the project.
The results of our analysis indicated sufficient market support for the proposed mall, to be anchored by Neiman Marcus, Lord & Taylor, and a selection of other fashion tenants. The project’s success will depend on a high-quality project and creation of an enjoyable, entertaining and pedestrian-friendly shopping environment, with a recommended tenant mix that encourages shopping, dining and other activities that extend into the evening hours.
Retail Market Study
Sodexho USA – Bowie, Maryland
Anderson Economic Group (AEG) was retained by Sodexho USA to conduct a market feasibility study for a historic preservation building near Bowie University, Maryland. Sodexho, a food and facilities management services company, was interested in converting a historic building into a quality restaurant with southern, African-American or Soul Food cuisine.
Anderson Economic Group provided an assessment of the market conditions and likely success of the proposed restaurant. We conducted a site visit of the proposed historical building and rigorous field analyses in the City of Bowie and surrounding communities. We also performed an analysis of local demographics, comparing the proposed development’s trade area with the City of Bowie, Prince George, and Anne Arundel Counties, and the State of Maryland. Our market feasibility analysis also included a rigorous supply and demand analysis of restaurants. Using our market study, Sedexho USA was able to developed a highest and best use strategy for the historic preservation building.