LRE & Co's New Retail Development: Enhancing Crescent City
LRE & Co's New Retail Development: Enhancing Crescent City
LRE & Co, a dynamic real estate development firm, has recently received the green light from the Del Norte County Planning Department for an exciting retail development project in Crescent City. This ambitious venture spans 87,120 square feet at 915 Washington Boulevard, conveniently located across from Super Walmart, set to create an estimated 12,000 square feet of additional retail space.
A Detailed Overview of the Development
The design will incorporate a Quick Service Restaurant, along with two retail shop pads equipped with drive-thru capabilities, several inline tenant spaces, and two extra drive-thru pads. This strategically positioned site enjoys a robust daily traffic count of approximately 18,000 vehicles along the nearby Highway 101, offering excellent access to Sutter Coast Hospital, Del Norte High School, and is in close proximity to Jack McNamara Field Airport and the stunning Redwood National and State Parks.
The Vision Behind the Project
“Our team is dedicated to thoughtful development that provides lasting value to communities,” shared Akki Patel, President of LRE & Co. He emphasized that the introduction of new tenants will enhance local access to essential retail options and stimulate job creation, benefiting not only Crescent City but also the broader trade area.
The Economic Impact of the Development
Crescent City serves as a crucial retail hub for over 30,000 residents, extending to various communities in Del Norte County, southern Oregon, and neighboring tribal and rural areas. As leasing for the first phase is already in progress, national agreements have been secured with a leading burger chain and a chicken brand. Moreover, discussions are actively ongoing with a well-known coffee brand to situate themselves within this promising project.
Timeline for Construction
Construction kick-off is slated for early 2026, creating a wealth of new jobs and economic opportunities for the Crescent City region. The overall development not only anticipates fostering retail growth but is additionally positioned to energize the local economy through direct employment and the attraction of foot traffic to the area.
About LRE & Co
LRE & Co is a family-owned real estate development and construction firm based out of San Rafael, California. Established in 1999, the firm has garnered a reputation as a leader in the commercial real estate sector, boasting a varied portfolio that includes alliances with national hotel brands, franchise restaurants, and innovative developments spread across Northern California and western Nevada. The company's commitment to community-oriented projects highlights their philosophy of enhancing local economies through strategic developments.
Frequently Asked Questions
What is the size of the new retail development by LRE & Co?
The retail development spans 87,120 square feet and adds approximately 12,000 square feet of new retail space.
Where is the retail development located?
The development is situated at 915 Washington Boulevard, directly across from Super Walmart in Crescent City.
What types of businesses will be included in the new development?
The project will feature a Quick Service Restaurant, retail shop pads with drive-thru capabilities, and inline tenant spaces.
When is the construction scheduled to begin?
Construction is planned to start in early 2026.
How will this development impact the local community?
The development is expected to create new jobs, improve access to retail, and stimulate economic growth in the Crescent City area.
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