1. What are the unique sources of risk in developing and into retail centers inside the City of Austin Be very thorough. Why is developing in Austin "risky" today or at any time?
2. Assume you have purchased 12 acres on a perfect Corner in Dallas' Highland Park close to SMU. You plan to develop your retail center in the new paradigm o l into 185,000 square al retail Assume you have obtained an interim loan of Space of $48,000,000 and the project has a market value when completed and occupied of $68,000,000.
Describe in full the process of interim construction financing and development management using the AIA forms such as G-702, 703 change proposals, change orders for example for a new retail center project you are developing
3. Your market studies show that new (built in the past 5 years retail centers in Southlake, Texas are fully leased in other words, the occupancy rate is 95$ or more. What does this tell you about the demand for retail space in Southlake at the current time? Would you build another retail center there? What would be the basis of your reasoning? Be very thorough.
4. What is a "lifestyle" retail center? Who coined this term, when, and why does it fit so well the population that is aged 20-40 today Give an example a "lifestyle" Center in Austin today. Give an example of a "lifestyle" center in Houston today. Discuss why this new type retail center may be the new norm for retail. Who or what has caused the drastic changes in retail across the country and why has it been so successful?