Understanding market trends is key when developing any type of real estate. Forecasting the needs and expectations of potential clients and finding the right property are variables that development and investment companies must take into account. Pivotal’s twenty-five years of experience have enabled them to gain the knowledge and relationships necessary to complete these tasks. Real estate development is a large segment of its group, and Pivotal has high expectations for all of its real estate developments. Their involvement throughout the Western Americas region has allowed them to research Western culture and learn about trends. This helps Pivotal predict customer expectations and allows them to align their expectations to match the demands of their customers.
The landscape in the American West includes every type of climate that America has to offer. Pivotal has developed real estate in the mountains of Colorado and in the desert of Arizona. Each property type presents its own challenges and rewards that development groups should use when planning real estate developments.
High-rise residential and commercial condominiums have become the recent trend in major cities. Reverse suburban sprawl is underway, and Pivotal is capitalizing on this trend. Camelback Esplanade is a mixed-use development containing commercial offices and residential condominiums. This type of development is beginning to emerge and Pivotal is participating in the design and development of this type of property. Gaining experience in emerging markets will allow Pivotal to raise customer expectations.
Pivotal’s ability to develop real estate in prime areas allows them to succeed in saturated markets. This gives Pivotal a huge advantage over customers because they can offer specialized properties that outperform competitive products. Cimarron Hills in Georgetown, Texas is an example of a successful real estate development in a saturated market. The suburban area surrounding Austin contains many upper-class residential communities. All of these communities offer residents amenities such as schools, hospitals, and retail stores. Pivotal was able to purchase a ranch outside of Austin and build a master-planned community that offered clients Hill Country living twenty minutes from downtown. These luxurious homes are accompanied by a resort-style spa and wellness center and a Jack Nicklaus championship golf course. This type of specialization is what separates master planned communities from residential communities and has allowed Pivotal to develop these communities in saturated markets.
Areas like Phoenix and Los Angeles are filled with resorts and condominiums, but Pivotal has been able to develop and restore properties in these areas for over twenty-five years.
Real estate development includes more than just designing and building commercial and residential properties. It has evolved to identify attractive properties and forecast potential customer demands. These expectations must be met by development companies for a real estate site to be successful. Pivotal has managed to develop this type of real estate sites throughout the western region of America.