JWA BLOG

The latest happenings at Jim Wilson & Associates

The Economy Ends Strong in 2019…Looking Ahead to 2020JWA logo

The Economy Ends Strong in 2019…Looking Ahead to 2020

As the new decade commences, the United States economy is solid thanks to new job creation, low interest rates (thank you Fed) and strong demand from the consumer. (Low unemployment translates to more dollars in the pockets of consumers yielding more robust purchasing power.) The recent holiday season sales were positive overall. Residential construction is improving. Demographics are changing and politics (unfortunately) will take center stage in 2020.

The changing demographics: The Boomers are continuing to enter the retirement world. As a group that fueled the rise of consumerism, the numbers are still great. Estimates are that over 70 million Boomers are retired or getting very close to retirement. That alone changes the income of many households. The Millennials, a rapidly growing segment of the U.S. population, have, on the surface, a different outlook of being more urban, less of a consumer, more into experience buying and certainly more digital. These two ends of the demographic spectrum, Boomers and Millennials, will find 2020 to be a conflicting year – think politics. However, the business world is forecast to keep moving ahead.

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JWA is Pleased to Announce the Promotion of Evan Conder to Vice President of DevelopmentEvan Conder

JWA is Pleased to Announce the Promotion of Evan Conder to Vice President of Development

MONTGOMERY, AL  |  January 6, 2020 – Jim Wilson & Associates (JWA) is pleased to announce the promotion of Evan Conder to Vice President of Development beginning in 2020. Conder’s work has, since his arrival at JWA in 2015, focused upon new site selection, free-standing and multi-unit build-to-suits, new grocery anchored centers such as the Publix anchored centers under development in Macon, Georgia (Tobesofkee Crossing) and McDonough, Georgia (Shoppes at Ola Crossroads) as well as diverse multi-use sites across the Southeast. Since joining in 2015, Conder has been involved in total new construction of over $60 million.

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Creating New Housing Opportunities & Real Estate Market Trendsnoimg

Creating New Housing Opportunities & Real Estate Market Trends

Investments in real estate products are always in demand, some more so than others. Actual returns on the investments appear to be moderating though development activity remains strong within specific categories such as single use retail (i.e. restaurants, fast-food, service). Here’s a quick look at a few real estate categories:

Hotels. Drive the interstates and you’ll see new limited service hotels coming out of the ground everywhere. There are new names for Hilton and Marriott being pushed out, each with the ubiquitous 100 room, four story design package. Are there enough to meet demand? Rumors of revPAR slowing for national branches seem to support the idea that at least a slow-down in construction is on the horizon. Perhaps a factor is the room revenue in the over 7 million home rental listings of Airbnb.

Retail. The retail world is very segmented with each grappling with its own set of circumstances, both positive and negative.

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Real Estate Markets Are Directly Tied To Local Marketsnoimg

Real Estate Markets Are Directly Tied To Local Markets

Real estate markets are all local. Positive movement from the real estate development and investment perspective depends upon the local economic environment in the immediate market area.

Can the commercial space be rented? Depends. Supply? Demand? Growth?

What about residential sales? Depends. Job growth? Mortgage rates? Schools? Amenities? Government environment?

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Jim Wilson & Associates, LLC Offers Services in New Orleans, LouisianaNew Orleans Skyline at night

Jim Wilson & Associates, LLC Offers Services in New Orleans, Louisiana

New Orleans, LA Real Estate Development

Leverage more than 40 years of real estate development experience with Jim Wilson & Associates, LLC, a Montgomery-based full-service investment and real estate firm.  Founded in 1975, our real estate development company has developed over 22 million square feet of retail space alone in addition to residential communities and other sectors such as hotels, Class A office space, and hospitality.

Jim Wilson & Associates, LLC operates throughout the South, including New Orleans and all of Louisiana.  Our privately held real estate development company specializes in building long-term value in a range of sectors such as mixed-use developments, shopping centers, and office space with a large portfolio that includes examples like Edgewater Mall in Biloxi, Mississippi.  Edgewater Mall is an 867,000 square foot regional, enclosed shopping center featuring specialty stores, restaurants, entertainment, and outparcels.  Additional examples include the planned community of New Park, a master-planned residential development in one of Montgomery, Alabama’s fastest growing neighborhoods for new homes, and Wynlakes Golf and Country Club.

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Jim Wilson & Associates Sells Eastchase Venue

Jim Wilson & Associates Sells Eastchase Venue

MONTGOMERY, AL  |  November 21, 2019 –  Montgomery, Alabama based developer Jim Wilson & Associates, LLC (JWA) completed the new shopping center, Eastchase Venue, in October this year and has now successfully completed the sale of the 65,000 square foot project featuring the national retailers Burlington and Best Buy. Eastchase Venue is the latest commercial retail development of the 330 acre, mixed-use project, EASTCHASE, that started in 2002 by JWA with the initial opening of the Shoppes at Eastchase and continues today with this new, featured retail center, Eastchase Venue. The sale transaction was completed on November 20, 2019. In the past three years JWA has new developments in Eastchase that include retail, office, hotels and senior living.

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Jim Wilson & Associates, LLC Offers Services in Jacksonville, FloridaJacksonville, FL skyline at night

Jim Wilson & Associates, LLC Offers Services in Jacksonville, Florida

Jacksonville, FL Real Estate Development

Jim Wilson & Associates was founded in 1975 and brings a proven track record of success in real estate development.  While our home office is located in Montgomery, Alabama, Jim Wilson & Associates has built a reputation across the South as a leading real estate development company.  We have developed over 22 million square feet of shopping space in addition to hotels, Class A office space, master planned communities, and more.

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Jim Wilson & Associates, LLC Signs Four New Leases at Eastchase VenueLogos

Jim Wilson & Associates, LLC Signs Four New Leases at Eastchase Venue

MONTGOMERY, AL  |  October 16, 2019 – Jim Wilson & Associates, LLC (JWA) announce the signing of four new leases for an outparcel in Eastchase Venue – Bad Daddy’s Burger Bar, Jersey Mike’s,  The Simple Greek are all new to Montgomery and Great Clips will be joining them. These new stores will bring great activity to the area and plan to open first quarter 2020.  Eastchase Venue is the newest retail development of Eastchase in Montgomery, Alabama.  Initial construction on the multi-million dollar project began in December 2018.  Located on 10.8 acres at the midway point of Eastchase Parkway, between the highly successful Hilton Garden Inn and the Eastchase Market Center.   “The overall Eastchase Development drives a lot of traffic, and it’s an outstanding location for new stores” states, Carl Bartlett, Executive Vice President of JWA. “We’ve got 80,000 cars a day on the interstate, and we have about 18,000 cars a day on Eastchase Parkway,” Bartlett said. “We’ve got a great location. We’ve got an interstate location that allows people to see us easily, and it’s a great multi-use type of development.”

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Carriage Crossing MarketPlace Welcomes Polished SalonInside of nail salon in Collierville TN

Carriage Crossing MarketPlace Welcomes Polished Salon

COLLIERVILLE, TN  |  October 7, 2019 – Carriage Crossing MarketPlace, on East Shelby Drive in Collierville, and Jim Wilson & Associates, LLC announce the signing of a 4,000 square footage new lease for the MarketPlace – Polished Salon.  Polished Salon is an acrylic free nail salon with a spacious interior and comforting furniture and décor.  Family oriented specializing in manicures, gel and dip powder with kid friendly pedicure chairs.  Walk-ins welcomed, appointments preferred.  Call today and make your appointment 901-221-8916 or visit www.polishedmemphis.com.

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Jim Wilson & Associates, LLC Offers Services in Nashville, TennesseeNashville, Tennessee Skyline at Night

Jim Wilson & Associates, LLC Offers Services in Nashville, Tennessee

Nashville, TN Real Estate Development

Jim Wilson & Associates, LLC leverages more than four decades of real estate development experience.  Our full-service development firm operates across the South including Tennessee with a history dating back to 1975.  JWA has developed more than 22 million square feet of retail space and specializes in mixed-use and residential master planned communities and sectors such as hospitality and Class A Office Space.

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