The slow recovery is leading many developers to examine growth alternatives to new development. Consider, for example, Fort Worth, Texas-based Trademark Property Co.’s idea: invest in distressed properties with excellent real estate and redevelop into new and ambitious concepts. Examples include The Shops at Napa Center in Napa, Calif., and Victory Park in Dallas.
The Shops at Napa Center
In 2013, Trademark formed a joint venture with Zapolski Real Estate, which has offices in Napa, Calif., and Durham, N.C., to redevelop the former Napa Town Center.