On RPAI's Drawing Board: Live, Work, Play

WASHINGTON, DC—Over the past year GlobeSt.com has covered retail REIT RPAI‘s bold and innovative strategic plan to increase long term value through a finite market approach. But an exploration of the intense planning in the ten core target markets that remain underscores the potential growth its executives see for the Oak Brook, IL-based firm and its ability to transform a community through redevelopment.

Currently, approximately 20% of the REIT’s annualized base rent is derived from mixed-use and lifestyle assets, and RPAI intends to add even more through the redevelopment of Boulevard at the Capital Center and Towson Circle.  At Boulevard at the Capital Center, the larger of two projects in the Washington, DC/Baltimore corridor, ambitious plans are shaping up that expand the REIT’s reach, via partnerships, well beyond retail into multifamily and even hospitality and healthcare. But both projects have two themes in common: community transformation and a focus on experience, and convenience, not just shopping.