Crown Point officials promote city at retail real estate convention

2013-06-23T22:45:00Z 2013-06-24T17:20:15Z Crown Point officials promote city at retail real estate conventionSusan Erler susan.erler@nwi.com, (219) 662-5336 nwitimes.com

CROWN POINT | Businesses appeared more willing to gamble on future growth at a gathering of retail real estate developers in Las Vegas, Crown Point Mayor David Uran said.

Where in past years, business developers talked in terms of weighing options, this year they were more specific, said Uran, who was among city officials to attend the 2013 International Council of Shopping Centers Global Retail Real Estate convention in May.

"This year they said they had a targeted number of new stores in the pipeline," he said. "That's very exciting, and we want to be in that pipeline."

Uran and members of his administration attended the convention for the sixth straight year in May to promote the city as a potential locale for businesses wishing to expand or grow. 

A booth highlighting the city's top selling points, including interstate highway interchanges at 109th Avenue and U.S. 231; a multimillion-dollar sports complex and data charting city growth and demographics, was placed where land developers and real estate brokers couldn't miss it, Uran said. 

"They put us in a nice, prime location," he said.

Uran said businesses eyed city demographics that showed population grew by nearly 38 percent over the past decade, with a median household income of $64,227.

"They look for demographics that match their ability to expand," Uran said.

The city can't sign the deals, but leaves that up to local landowners and the retailers themselves.

"We don't own the land, but we share in the vision," Uran said.

Funding of up to $10,000 was approved by the city Redevelopment Commission to pay for participation in the conference.

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