Lowe announces new platform

Lowe has launched Retail reVision.

The platform is a strategic initiative to assess and reposition retail properties.

Lowe seeks properties that are regional draws, such as malls, community, lifestyle and power centers that are located in urban and suburban infill markets where Lowe currently operates. This location focus provides key local market knowledge that is vital to success. Target markets are California, the Pacific Northwest and Mid-Atlantic regions, the greater Denver and Phoenix metropolitan areas and the Carolinas.

Lowe is currently engaged by Centennial Real Estate, the owners of the MainPlace Mall in Santa Ana, Calif., where the company is collaborating on the planning, designing and permitting of portions of the property to density the project with multifamily, office and/or hotel uses. Construction of the first phase of multifamily housing is expected to begin in early 2021.