Case Studies
> Design Center at 5th Avenue
> Poway Plaza Shopping Center
> Sweetwater Crossing
C
ASE
S
TUDY
> P
OWAY
P
LAZA
S
HOPPING
C
ENTER
The Results:
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Forgivable city loan
- Highest ever provided in program ($320,000)
Amended DDA
- Transferred 6,000 sf restaurant pad to former DMV space
Property refinancing
- Provided $3M for capital improvements
$3.5M center-wide renovation
- Substantial facade improvements including improved tenant signage
- Improved main entry to create better sense of arrival
- Re-configuring fire lane to allow development of an outdoor seating area
Leasing results
- Addition of recognized national brands and franchises
- Addition of other service to better balance existing tenant mix
New rent rates for in-line space increased 85%
Post project value to cost exceeded 150%
Post project cash on cash returns in excess of 20%
www.powayplaza.com
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