Who wants a Home Depot, Target, or Olive Garden in Greenwood?
Question: Does Greenwood solicit new businesses or do new businesses discover Greenwood on their own?
Answer: There are MANY moving parts to retail real estate development. Typically, retail establishments have preferred relationships with retail property developers. The property developer searches out available property meeting the retailer’s requirements (water, sewer, traffic count, median household income, the percentage of college graduates in the area, etc). While Greenwood does solicit directly to preferred retail establishments from time to time, that is typically not how new retail is attracted to an area.
Also: It gets MUCH more complicated if the property owner is negotiating long-term leases OR offering property for sale.
The intersection where K-mart was located has more traffic than anywhere in a 40-mile radius, with that in mind . . . If you could have any business locate here, what would it be?
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