Category : Press

Encore Retail, LLC Closes on Marketplace at Craig Ranch

Marketplace at Craig Ranch

(Dallas, Texas) October 16, 2014 – Encore Retail, LLC, a subsidiary of Dallas-based Encore Enterprises, Inc., acquired land to develop a 20-acre Class A neighborhood retail development in the master planned community of Craig Ranch, a 2,200 acre master-planned business, retail, and residential community. The development will be located at the city limit lines of McKinney and Frisco, Texas, at the northeast intersection of Custer and Stacy Roads.

The project will be known as Marketplace at Craig Ranch and will be anchored by a grocer with inline retail space, as well as five outparcel pad sites along Custer and Stacy Roads.

“We are excited about Marketplace at Craig Ranch and look forward to adding it to our retail portfolio. With the excellent access, quality of the design, and strong trade area, the development will appeal to a wide array of retailers looking to expand into the growing submarket,” said Nicholas Barber, President of Encore Retail.

McKinney, Texas was ranked as the number one best place to live in America and is ranked as one of the fastest growing communities in the United States according to Money Magazine. The award-winning Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs, and exhibits.

“North Texas is rapidly growing and McKinney is positioned in the center of that growth,” said Bharat Sangani, Chairman of Encore Enterprises. “We are proud to be providing Craig Ranch with a first-class neighborhood shopping center.”

The project is already experiencing strong interest from regional and national retailers.

About Encore Retail, LLC
Encore Retail, LLC is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail shopping centers throughout the United States. For more information, visit Encore Retail, LLC or call (214) 259-7000.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

Encore Hospitality Purchases 154-Room DoubleTree Suites by Hilton, Plans $6+ Million Renovation

atlanta doubletree small

(Atlanta, Georgia) October 2, 2014 – Encore Hospitality, a subsidiary of Dallas-based commercial real estate investment firm, Encore Enterprises, Inc., has purchased a 154-room DoubleTree Suites by Hilton hotel in Atlanta, Georgia. The hotel is located immediately adjacent to SunTrust Park, the new Atlanta Braves baseball stadium, which is slated for completion in 2017.

“We are excited to be back owning and managing hotels in Atlanta,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing millions of dollars into the hotel so as to properly position it in the market and compete with all the hotels that have recently undergone a renovation.”

Encore plans on investing upwards of six million dollars into the remodel, including a state of the art lobby which will feature a multi-story water feature and a sports lounge.

“SunTrust Park and the Braves are anticipated to draw large crowds, and we are positioned to serve the community when this need arises,” said Bharat Sangani, Chairman of Encore Enterprises.

The deal was brokered by Hodges Ward Elliott out of Atlanta, Georgia and purchased from Inland Hospitality of Palm Beach, Florida.

About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information, visit Encore Hospitality, LLC or call (214) 259-7000.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

Encore Restaurants Opens Newest IHOP Restaurant in Pascagoula, MS

(Pascagoula, MS) July 18, 2014 – Encore Restaurants, LLC, a new division of the Dallas-based Encore Enterprises, Inc., has announced the opening of their latest project, an International House of Pancakes in Pascagoula, Mississippi. America’s newest IHOP will celebrate their inaugural day with a grand opening on July, 18, 2014, at its location at 2212 Denny Avenue in Pascagoula, Mississippi. This is the second IHOP restaurant to be owned and managed by Encore Restaurants.

“While we are proud to add another international brand to the Mississippi Gulf Coast, it’s very much a local business,” said Dr. Bharat Sangani, Chairman of Encore Enterprises and developer of Lakeview Village shopping center in D’Iberville, Mississippi, where Encore’s first IHOP is located. “The new IHOP restaurant will have approximately 80 staff members, with many living in the Pascagoula area. It’s nice that in addition to serving great food, we are making a positive impact on the local economy that so many of us call home.”

The restaurant features breakfast favorites such as large varieties of pancakes and omelets, as well as a wide selection of popular lunch and dinner items. Though the new IHOP will not be open 24/7 initially, it will gravitate towards 24/7 availability in the coming months.

“The local neighborhood really stepped in to help grow our new IHOP. Our IHOP commitment is to serve the best food, in the best location, with the best people,” said William Bruce of Encore Restaurants.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

About IHOP
For over 55 years, International House of Pancakes, LLC has been a leader and expert in all things breakfast and a leader in family dining. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. IHOP restaurants are franchised and operated by Glendale, Calif.-based International House of Pancakes, LLC and its affiliates. International House of Pancakes, LLC is a wholly-owned subsidiary of DineEquity, Inc. (NYSE: DIN).

Encore Office Closes on Intech 12 Office Building in Indianapolis, IN

(Dallas, Texas) March 11, 2014 – Encore Office, LLC a division of the Dallas-based Encore Enterprises, Inc., has closed on the Intech 12 office building, a 2-story, 140,368 square foot office building in Indianapolis, Indiana. Atlanta-based Wells Management Company sold the building to a joint venture between Encore Office and Middleton Partners, LLC of Northbrook, Illinois.

“We are extremely excited about the addition of Intech 12 to our office portfolio. With the quality of construction, layout of the building, and favorable highway access, Intech 12 will appeal to tenants seeking larger space and dense parking requirements” said Mark Cypert, President of Encore Office.

Situated in the southwest quadrant of West 71st Street and Interstate 465 in the Indianapolis metro area, the Intech 12 building includes roughly 15,000 square feet of warehouse space.

From 2003 to August 2013, Eli Lilly and Company’s information technology department occupied the building. Constructed in 2000, the entirety of the building is currently available for lease.

“We are tremendously pleased with Encore Office’s expansion into the Indianapolis market, as Encore continues to strategically grow its office portfolio” said Bharat Sangani M.D., Chairman of Encore Enterprises.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

About Encore Office, LLC.

Encore Office, LLC is a privately held commercial real estate company focused on the acquisition, ownership, redevelopment and asset management of class “A” commercial office buildings across the United States. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

Hotels Seek LEED Certification to Cut Costs and Help the Environment

The U.S. Green Building Council (USGBC) recently rolled out its latest Leadership in Environmental Design (LEED) standards for hotel certification, which included specific guidelines for hotels and other businesses in the hospitality industry. The LEED system for design, construction, operation, and maintenance of buildings promotes environmental responsibility during the building process and sustainable habits during operations.

Introduced in 1998, the LEED rating system has taken the drastic changes in environmentally friendly construction into consideration. Marriot International currently has 13 LEED-certified hotels. The USGBC gives out platinum, gold, and silver ratings beyond basic LEED certification. Only three hotels have earned a LEED platinum rating. Hotels can save money and boost their brand by complying with these green guidelines.

LEED Principles

The LEED rating system is broken down into various sustainable categories. Hotels can earn points by building on sustainable sites that minimize impact on the ecosystem. USGBC also offers credit for using sustainable building materials and reducing waste during the building process. Once a hotel is up, it’s use of water contributes to the LEED rating. Low-flow faucets and showers are examples of efficient water consumption. Lastly, LEED awards points for sustainable energy consumption. Energy companies can come alongside these building operations to create a plan for sustainability. Hotels that value and conserve electricity are more likely to get a high rating. Hotels have a chance to go green in all these categories.

LEED v4

The latest LEED specifications offer a new suite of tools designed to speed up the certification process. “For LEED 2009 there are about 1,000 versions of forms,” USGBC director Corey Enck told Hotelnewsresource.com. “For LEED v4 there are about 200.” The new LEED specifications also eliminate the light pollution credit for hotels. LEED guidelines indicate the commercial properties should have shading in the windows to prevent light from pouring out. In a hotel, however, guests control whether or not these shades are in use, so it doesn’t make sense to penalize owners. Along with LEED v4, USGBC.org offers a number of new resources for businesses seeking certification, whether they’re getting ready to build or looking to make an existing property more sustainable.

Platinum Hotel Certification

Earning the USGBC’s highest LEED rating is no easy task. Only two hotels in the United States are certified LEED platinum. Bardessono, a hotel and spa in Yountville, CA, uses low-e glass, automatically controlled thermostats and overhangs to reduce energy costs. Owners Steve and Pat Bardessono built their hotel with stone from an existing building. Not only did this give Bardessono a classic look, it also saved material. North Carolina’s Proximity Hotel was the first LEED platinum certified hotel. Proximity features 100 solar rooftop panels that heat water for the hotel. A number of water conservation advancements saved Proximity two million gallons of water in $13,000 in the first year of their installation. During construction, Proximity also recycled 87 percent of its construction debris.

Hotels can look to these two top performers for inspiration. LEED certification is a valuable badge to advertise, and it can save hotels money.

Encore Land, LLC Purchases Approximately 15 Acres of Land for Residential Development in Mansfield, TX

(Dallas, Texas) November 26, 2013 – Encore Land, LLC, a division of the Dallas-based Encore Enterprises, Inc., has purchased approximately 15 acres of land for development of a new residential community in Mansfield, TX. Known as The Villages of Park Hill, the community will be located at 2011 Callender Road in Mansfield just north of Debbie Road at Highway 287.

“The Village of Park Hill will bring quality single-family residences ranging in size from 2,290 to 3,600 square feet by Dunhill Homes,” said Developer Steve Donosky, President of Encore Land. “Encore Land is eager to participate in the rapidly growing Mansfield community.”

“Dunhill Homes is excited to be entering into the Mansfield market with our top notch energy efficient homes,” said Chris Hartley, Vice President of Sales & Marketing for Dunhill Homes. “Dunhill Homes will be showcasing our best plans within this community along with many included features that are not typically seen at our starting price point.”

The community will feature 59 lots, each unique and covered with mature hardwood trees, surrounding a large central park with walking trails. Residents of the Village of Park Hill will attend top rated Mansfield schools and have excellent access to Highway 287. The Mansfield civic center, various retail shopping areas which include the Cinemark 12 Mansfield movie theater, a variety of restaurants, Marshalls, and Best Buy are all within walking distance. The targeted opening date for the project is late spring/summer 2014.

About Dunhill Homes, LLC

Dunhill Homes, LLC is a privately owned homebuilding company based out of Dallas, TX. Dunhill Homes is known for building some of the most energy efficient homes in DFW with each home being Environments for Living Certified and Energy Star Guaranteed. Dunhill Homes is one of the fastest growing homebuilding companies within DFW.

About Encore Land, LLC.

Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land is the newest subsidiary of Encore Enterprises and provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information about Encore Land, LLC., visit www.encore.bz or call (214) 259-7000.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit www.encore.bz or call (214) 259-7000.

Encore Global Continues Growth with New Alabama/Florida Regional Center

(Dallas, Texas) November 26, 2013 – Encore Global Investment Management, LLC (Encore Global) a division of the Dallas-based Encore Enterprises, Inc., plans to develop and/or finance multiple real estate projects in the states of Alabama and Florida as part of its nationwide EB-5 Regional Center network.

“We are excited to add yet another EB-5 Regional Center to our actively growing portfolio,” said Bharat Sangani, Chairman of Encore Enterprises. “This particular addition is especially great because it is our first Regional Center to cover two states.”

The EB-5 Employment-Creation Immigrant Visa Category was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide accredited foreign individuals with an opportunity to achieve conditional and permanent residency status by investing lawfully acquired funds (at least $500,000 within a rural area or one of high unemployment, or $1 million anywhere else) in a USCIS approved Regional Center. To qualify, each investor must directly or indirectly, through the Regional Center, create ten full-time jobs in the United States. In exchange for this investment, the investor may be able to obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age.

The Encore Alabama/Florida Regional Center has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities located throughout Alabama and Florida. Encore Global will develop and/or fund commercial real estate projects in two Alabama counties, including Baldwin and Mobile, and eight Florida counties including Bay, Calhoun, Escambia, Gulf, Okaloosa, Santa Rosa, Walton, and Washington.

About Encore Global Investment Management, LLC

Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking to obtain permanent residency status in the United States. Encore Global owns and operates eight approved Regional Centers in Alabama-Florida, California, Louisiana, Mississippi, Tennessee, North Carolina, Texas, and Washington, D.C. These Regional Centers focus on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, and office facilities. Visit Encore EB5 or call (214) 259-7021 for more information.

Disclaimer: Not every investment is safe, not every investment in a regional center will ultimately result in green card status, and not every investment will produce a profit.

Brenda Grogan and Daisy Chen Honored at November CREW Luncheon

CREW Honorees

Brenda Grogan and Daisy Chen were showcased at the November monthly luncheon for CREW (Commercial Real Estate Women) after attending CREW’s annual convention proudly held in Dallas this year. Speakers at the convention were real estate tycoon Barbara Corcoran from Shark Tank, and Pulitzer winner Tom Friedman, columnist for the New York Times. Mahesh Shetty, Encore’s COO / CFO, was a guest for their convention luncheon. CREW’s motto is: Advancing the Achievements of Women in Commercial Real Estate While Positively Impacting the Industry.

Encore Enterprises Sponsors Annual Gala and CME Sessions for Alabama API

Encore Enterprises was a proud sponsor of the Annual Gala and CME sessions for Alabama API, a chapter of the American Association of Physicians of Indian Origin (AAPI) in Huntsville on November 15th-16th, 2013. The event was attended by physicians mainly from Huntsville, Decatur, and Birmingham. This was part of a series of AAPI events Encore Enterprises has been supporting across the country, many of which are in support of their Childhood Obesity initiative as well as academic scholarship programs. Dr. Bharat Sangani, Founder and Chairman of Encore Enterprises was honored with a plaque for his contribution to the physician community. Mahesh Shetty, CFO/COO was in attendance along with Sejal Desai, Vice President, Community Development and Brenda Grogan, Director of Wealth Management.

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