Commercial Development
.Strategic alliances and acquisitions.
Commercial Real Estate Development
MDI West Properties is in part a commercial real estate retail development company. We specialize in the development of community, neighborhood and convenience shopping centers as well as single-tenant retail buildings. MDI West Properties focuses on the strategic acquisitions of land for future retail development and acquisitions of improved sites for value-added purposes. We have been successful in attracting capital and financing for all sizes of development projects. We are actively searching for development land primarily in the Southwest region of the United States, with an emphasis in California, Nevada, Colorado, and Idaho.
MDI West Properties provides an interdisciplinary development and management approach. We also utilize a network of consultants to identify problems and quickly formulate solutions in connection with complex financing contracts, governmental restrictions and changing tenant needs..
Parkvue Tower at Bellevue
Designed & Approved
A class “A” urban office development in the heart of the nation’s strongest commercial market
Introduction: PARKVUE TOWER @ BELLEVUE was to be located in the heart of the Central Business District of the strongest office market in the United States. The site is located at the intersection of 106th Avenue NE & NE 4th Street. 106th Avenue NE is designated the “entertainment boulevard” in Bellevue, providing easy access to Bellevue’s retail core while right next to 108th Avenue NE, the City’s commercial core. Bellevue’s Central Business District is a One Square Mile region of cutting edge businesses operating in an exciting new urban center that is coming into its own as a 24 hour city. Bellevue has been referred to recently as Silicon Valley North, with Microsoft at the point of a new technology boom driving the underlying employment growth supporting this growth. This vibrant commercial core is expressing a new level of energy with more than 12,000 new employees moving in in the near future and more than 5,000 new residents making their homes in the downtown core.
Location: 415 106th Avenue NE, Bellevue, WA 98004
Gross Land Area: Approx. 38,454 sf (.88 Acres)
Bear Creek Village Center
Location: Wildomar, California – NWC Interstate 15 & Clinton Keith Road
Size: 85,718 square feet
Tenants: Stater Bros, Washington Mutual, Jack in the Box, Del Taco, Arco AM/PM
Objective: To develop and construct a community center for the rapidly growing community of Wildomar.
Capital Source: Regency Centers: $15,000,000
Clairemont Square Shopping Center
Location: San Diego, California – Clairemont Mesa Blvd. at Clairemont Dr.
Size: 48 acres of land, 520,000 square feet
Tenants: Burlington Coat Factory, Pacific Theatres, Vons, Savon Drugs, TJ Maxx, Circuit City, Outback Steakhouse, Krispy Kreme
Objective: To transform a functionally obsolete thirty-year old center into an entertainment-oriented community shopping center.
Capital Source: STRS: $20,000,000
Border’s Books – Pasadena
Location: Pasadena, California – Lake Avenue at Colorado Boulevard
Size: 40,444 square feet – Three-level building
Tenants: Border’s Books & Music
Objective: To redevlop a historical building built in 1949, formerly occupied by I. Magnin Department Store, for Border’s Books & Music.
Capital Source: Banker’s Trust: $9,100,000
Border’s Books – San Diego
Location: San Diego, California – SWC 6th Street & G Street
Size: 26,000 square feet
Tenants: Border’s Books
Objective: This long-awaited addition to the Gas Lamp district was completed in autumn of 2001 and eliminated the blight that occupied the corner of 6th and G Streets. Completed in conjunction with City Centre Development Corporation.
Capital Source: Banker’s Trust: $10,500,000
Rancho California Town Center
Location: Temecula, California – NEC Ynez Road & Rancho California Road, adjacent to Interstate 15
Size: 48 acres of land, 545,000 square feet
Tenants: Target, Albertsons, Savon Drugs, Edwards Theatre, Claim Jumper, Family Fitness
Objective: To develop and construct the first regional town center to service the newly formed and rapidly expanding area of Temecula, California.
Capital Source: RADNOR/Wells Fargo: $50,000,000
