Lake Nona Developer Sees New Opportunities

ORLANDO—Despite overheating in some sectors, Scott Peek sees opportunity. The vice president of commercial sales and development at Tavistock Development, has clear goals and plans to leverage those opportunities. GlobeSt.com caught up with Peek to learn what he sees in part two of this exclusive interview. You can still read part one: H ow I Survived The 1991 CRE Downturn . GlobeSt.com: What are your goals moving forward? Peek: I want to keep doing what I am doing which is being part of a great team at Tavistock— have a hand in creating special projects and structuring transactions that meet our client’s needs while achieving sound risk adjusted returns. GlobeSt.com: What opportunities do you see in your market? Peek: Great question. While several product sectors are a bit overheated, we see additional running room in well-founded residential, retail and office developments, particularly when we can integrate multiple product types in mixed-use projects with great public spaces. We are seeing an evolution in consumer and corporate preferences toward more urban-compact mixed-use projects that have great amenities. These users want a better experience in their work, living and entertainment environments than can be realized in isolated office parks, shopping centers and entertainment venues. The forgoing factors are creating a degree of obsolescence in legacy one-off, single-use projects. GlobeSt.com: How are you leveraging those opportunities? Peek: Tavistock is focused on mixed-use projects or projects where there are very good adjacencies with multiple product types. Our Lake Nona Town Center, Laurate Park and The Grove at Isleworth projects are good examples. Atlanta is Booming. Are You In The Know? Cranes are abundant, the city is hot. Where are the active markets? Who are the key players? What’s on the horizon? Join us at RealShare ATLANTA on April 28 for impactful information from the leaders in Atlanta CRE. View more details here:  https://www.eiseverywhere.com//ehome/160463 .