West Coast Development

Development Criteria

Shopping Center Development Criteria
The who, what, where and how of Westco Development shopping center development.

Geographic Location Preference
Current emphasis on California and Connecticut, with long term strategy including some of the western states (Arizona, Nevada, Idaho, and Mexico).

Submarket Priority
Urban In-Fill and Regional Mixed Use

Project Type/Preference

Type Size Range Major Anchors
Neighborhood Center 7-15 acres Supermarket - Drug - Banks - Restaurants - Others
Community Center 4-30 acres General Merchandise - Supermarket-Drug - Others
Power Center 30-100 acres Multiple “Big Box” Users - Hotels - Office - Others

Property Acquisition Conditions
Entitled – Anchor tenant commitments will be obtained

Unentitled – Zoning and entitlements will be secured by Westco Development; Anchor tenant commitments will be obtained by Westco Development.

Ownership – Single parcel ownership desirable. Assemblies and multiple parcel transactions acceptable.

Property Acquisition and Construction Financing
Preference – Financing is not a condition to close escrow.
Alternative – Joint venture with Westco Development (landowners/investors)

Desirable Property Attributes
Strong intersection – solid traffic counts
Property depth – minimum 500 feet
Property width – minimum 600-700 feet
Major utilities available to site
Topography supporting maximum GLA yield
Good visibility from arterials
Population – 3 mile radius – minimum 25,000
Note: Acreage that is undevelopable or rock formations not counted in land value

Westco Development / Eastco Development
55575 Medallist Drive La Quinta, 92253
Phone: (760) 564-0789 • (760) 574-2625