WESTCHESTER, IL-Locally-based Tri-Land Properties Inc. iskeeping busy during this downturn, having invested before the fallin about a dozen retail redevelopment properties that haveturnaround potential. These infill sites, the company says, are indemographic areas where residential has kept up, such as the firm’srecent start on redoing the 183,000-square-foot Brywood Centre inKansas City, MO.

Richard Dube, president and owner of the company, tellsGlobeSt.com that his firm didn’t chase new growth areas in theearly part of the decade. This strategy paid off, he says. “Wedon’t need new rooftops to make our centers effective,” Dube says.“Those people who own land in the Kansas City area that is south ofthe beltways of interstates 35 and 435, where all the heavy growthwas occurring, they don’t have enough houses now that couldgenerate sales. And there certainly won’t be any new residentialdevelopment anytime soon.”

His company is working on various phases of half a dozenprojects, including Brywood and Cherokee Hills Shopping Center inOverland Park, KS, at 95th Street and Antioch Road. Dube says hisfirm will finish next month with a $23 million redevelopment on the133,000-square-foot power center.