Construction Today - November 2017 - 47
The company's developments
include parks and multiple
types of businesses.
Bruning and Wardy's community minded development philosophy led them to establish CenterCal Properties in 2004. The two
found a like-minded capital investment partner in the California
State Teachers Retirement System, which was seeking long-term
"We wanted to develop properties that make a difference in the
communities they serve," Bruning says. "We feel the securitization
of the industry had led to a lot of sameness among retail properties
- they all look alike, and have become one-dimensional locations
where you only come to shop. We wanted to create places where
people could come back three to four times a week as opposed to just
once every six months."
Retail centers developed and owned by CenterCal vary in size, but
all typically include different types of businesses. These include grocery stores, fitness centers, movie theaters and other entertainment
venues, and several restaurants. "The idea of having a convenient
place that is efficient and where you can fill different needs is at the
core of our company," he adds. "There aren't many companies that
are place-making right now."
CenterCal's retail centers also include public parks and gathering
places. "We find centralized sites [for our developments]," Bruning
says. "People who go to our centers are seeing their neighbors more
than they used to, because they're going to one spot instead of several disparate locations."
Bruning sees the company's developments as being compatible
for future use by major ecommerce retailers such as Amazon that are
looking to build fulfillment centers or stores. "We think that Internet
businesses can thrive in the places we create," he adds. "If we are the
Vila Construction Company has been serving Northern California
for the past century starting in 1916. We value client relationships and
pride ourselves on client satisfaction, integrity and honest approach from
preconstruction services to closeout of each construction project. Vila
performs work in industrial, retail, education, and commercial buildings.
Vila is proud to be a partner of CenterCal Properties.
NOVEMBER 2017 CONSTRUCTION-TODAY.COM