When Lidl took the anchor tenant slot, the other tenants fell into place. As COVID-19 erupted, the project was pushed out, though DLC’s tenant-sourcing and leasing-management group continued finding new tenants, Lowe says. Such was the case just as DLC started work in March 2020. “The most interesting thing about our projects is the process-it’s a fluid dance between stakeholders to take an empty space without tenants and transform it,” Lowe says. When the projects are done right-as was the case Frederick-resources flow into the community. It’s a finely orchestrated operation, he says, requiring coordination between architects, leasing and construction teams, civil partners, municipal officers and economic planners within each town’s development zones. “With more than 80 properties-including open air shopping centers from Florida to Texas and from Chicago to Maine-DLC’s work supports a positive economic trickledown effect to the communities it touches,” Lowe says. DLC also provides support for clients on projects like buildouts. Though complex, Lowe says these projects-which involve multiple business retail partners, construction vendors, architectural and engineering professionals and local municipalities-are beneficial to the communities because they increase property values and create jobs, including for contractors. Transforming vacant box stores into new sites for thriving businesses is the specialty of DLC, a privately-owned entrepreneurial real estate business based in Elmsford, New York. It’s been truly remarkable.” Municipal metamorphosis “More than 200 people-contractors, architects, DLC staff and townspeople-came together to have their hand in this some way. “It’s amazing what we’ve achieved during such a challenging time,” Lowe says. With shoppers at Lidl already pulling into parking spaces to buy food, the $10 million project will be finished this summer. By March 2021, all the spaces had been filled.
Then came Harbor Freight Tools, Ollie’s Bargain Outlet and Goodwill. The first tenant was Lidl, a discount grocer. Buying the 90,000-square-foot empty box store in 2019, DLC made it a mission to attract four commercial tenants by giving the property a facelift. Where others saw just another abandoned store, he and his leadership team saw opportunity. Community expectations were low for the property’s redevelopment-especially during a pandemic.īut Clark Lowe, DLC Management’s director of construction and a former Marine, didn’t see things that way. The parking lot was vacant, save for a plastic bag wafting across like a tumbleweed on the prairie. Everyone in Frederick, Maryland, knew the local eyesore-the massive Kmart that sat empty for two years.
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