A commercial real estate developer, Scott Fish has a long history of building or rebuilding shopping centers that feature big-box anchor stores such as Home Depot and Dick’s Sporting Goods. As principal of UP Development in Franklin, Tennessee, Scott Fish has completed multiple large projects in Central Florida. One of these projects is Winter Park Square in the Orlando suburb of Winter Park.
Sitting on over 11 acres on North Orlando Avenue, Winter Park Square features both Whole Foods and Nordstrom Rack as anchor tenants. Nordstrom Rack cut the ribbon on this 25,000-square-foot location on March 9, 2017. Other present and future tenants of Winter Park Square include PNC Bank and Duck Donuts.
Winter Park Square is located adjacent to the urban lifestyle center of Winter Park Village and near the boutiques, fine dining, and entertainment venues of Park Avenue. The shopping center served as the final catalyst for an extension of Lee Road, a project that had been a priority for the City of Winter Park for a decade.
A developer based out of Franklin, Tennessee, Scott Fish is the principal of UP Development, a firm that operates in the commercial real estate industry. Among the projects that Scott Fish has overseen in his career as a developer is the revitalization of retail centers anchored by major businesses like Walmart, Target, Publix, and Kroger.
Walmart and Target are two of America’s most popular stores. According to an article published by USA Today in 2016, Walmart earned the top spot as the most popular store in this country, with 4,574 stores in the US alone and a total revenue of $482.1 billion in the last fiscal year. Every week, around 260 million people visit its stores around the globe. Target was the next most popular variety store to make USA Today’s list, with 1,792 stores in America and 2016 earnings amounting to $73.79 billion in 2016.
Experts in the industry suggest that Walmart and Target are preferred by customers because of their convenient and accessible locations, low product prices, and the clarity of choices presented to them on the stores’ shelves.
Scott Fish is the principal of UP Development, a retail real estate developer operating primarily in the southeastern United States. In his leadership role with the developer, Scott Fish has managed numerous retail development and workout projects for national retailers such as Walmart and Home Depot.
When it comes to choosing a retail lease, it is important for developers to stay aware of the factors directly influencing their future developments. Here are three key features to consider in retail properties.
– Research zoning. While standard retail zoning may be sufficient for most developers, businesses planning to sell hunting equipment or liquor may require special zoning permits. By conducting careful research and speaking directly with zoning authorities, developers can avoid unpleasant surprises down the road.
– Determine monthly payments. Costs such as basic rent and real estate taxes should be outlined clearly in a retail lease. Developers should also be on the lookout for utilities and common area maintenance (CAM), which may vary widely based on the type of building in question.
– Assess the surrounding area. Most retail businesses thrive in high-traffic areas, which naturally bring customers to their doors. High-traffic areas typically include increased rent and utilities costs, requiring developers to employ careful cost-benefit analysis.
Scott Fish is managing partner of UP Development, a Tennessee-based developer focused on retail projects throughout the southeastern United States. With over 17 years of experience as a developer, Scott Fish guides his company in constructing retail centers on time and within budget.
According to experts, while the stock market will continue to be a roller coaster and foreign markets are even more unstable, real estate is projected to be one of the bright spots for 2016. For example, the real estate communications firm Taylor Johnson has predicted that 2016 will be a busy year for retail leasing and development activity.
Taylor Johnson expects the following trends in 2016:
-demand for off-price retailers like Nordstrom Rack and TJ Max,
-levitation to less-expensive Class B properties,
-newer, larger fitness centers,
-focus on environmentally friendly building improvements,
-increased foreign investment in the U.S. real estate market, and
-additional overhead and physical presence expansion for traditional online retailers
Contractors are gearing up for a busy year. From 2014 to 2015, the construction industry grew by 10 percent. Many developers are projecting similar or even higher growth for 2016. Regardless of an unsteady stock market and concerns over foreign affairs, the construction industry appears to have a high ceiling for continued growth through 2016.
A graduate of Ferris State University, Scott Fish works as a developer and manages many types of projects. In his career as a developer, Scott Fish has successfully designed and permitted retail centers anchored by major retail stores including Home Depot, Walmart, and Publix.
Publix is a chain of food stores across the southern United States that has been in business over 85 years. Publix offers conventional grocery services like bakeries, and delis, and many of its locations have in-house retail pharmacies, as well.
Publix contributes to a number of charities through its philanthropic arm Publix Super Markets Charities. Recently, the chain made a $4 million dollar commitment to Habit For Humanity to build homes across the South in 2016. The gift will allow for 40 new homes to be built, and each home will come with a pantry fully stocked by Publix. Additionally, Publix employees will contribute to the building of the homes.
The supermarket chain has been contributing to Habitat for Humanity since 1989, and this donation was its largest yet. The new houses will be built in Alabama, Florida, Georgia, North and South Carolina, and Tennessee.
Scott Fish, principal of UP Development in Franklin, Tennessee, stands out as the purchaser and redeveloper of what is now the A-Game Sportsplex. Developer Scott Fish purchased the facility to prevent its shutdown, and has since donated it back to the community as a thriving ice arena.
In addition to its traditional youth programs and adult leagues, A-Game Sportsplex hosts a number of classes for home-school students. Its 2015 offerings include two winter sessions and two spring sessions, the latest of which begins April 22. The Sportsplex welcomes children age 6 and above to these hour-long Wednesday afternoon classes, which include 30 minutes of instructional time and a 30-minute practice session.
A-Game Sportsplex also sponsors a fitness class for homeschoolers. The spring 2015 session runs until May 14 and includes a variety of games and activities, including basketball, ice skating, laser chase, and weight training. Children are welcome to stay and eat their own bagged lunches at the Sportsplex after class. Each class is available on a drop-in basis or in unlimited packages sold by the month or semester.
Leveraging his company’s resources to redevelop troubled assets, Principal of UP Development Scott Fish has engaged in a multitude of local and regional workout projects over the past 17 years. Operating his company out of Tennessee, Scott Fish worked in close conjunction with the Nashville Predators of the NHL to develop and sustain youth hockey programs in the state. In fulfilling this endeavor, he purchased a declining community ice rink and redeveloped the facility. Scott Fish purchased the 110,000-square-foot building in Franklin, Tennessee, for less than half of its original cost just before it was about to shut down. Securing an expansion of 70,000 square feet, he and his company added basketball and volleyball courts, as well as renovating the existing ice rink. At the time of its purchase, the facility hosted only a smattering of high school teams and games. By the end of Scott Fish’s redevelopment efforts, more than 20 schools held hockey games at the community facility, known today as the A-Game Sportsplex. Currently, Scott Fish and his associates at UP Development are engaged the redevelopment of a 250,000-square-foot retail center in Orange County, Florida. Stalled for five years, this $36-million workout project involves the Branch Banking and Trust Company (BB&T) buyout of Colonial Bank, a former subsidiary of Colonial Bancgroup Inc. Additional works in progress include a relocation of a Toys “R” Us from the Orlando Fashion Square mall and the completion of a 60,000-square-foot Toys “R” Us at Orlando’s Mall at Millenia. Supporting his community through a multitude of venues, Scott Fish has raised money for the officers of the Franklin Police Department and their families, as well as sponsoring the purchase of musical instruments for schoolchildren across the country. Scott Fish also partnered with the Ford Motor Company and the Tennessee Education Lottery to help sponsor the Franklin Rodeo, held by the Franklin Noon Rotary Club, and he supports youth barrel racing, as well.