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Developing Big Boxes

SESSION 1. Developing Big Boxes. ECC Board Member. Mike Gardner Regional VP of Real Estate & Design. Overview . Walmart Realty Retail Development Process Lessons Learned Chicago – An Example. Walmart Realty. FYE 1990 1,402 Walmart Discount Stores 123 Sam’s Clubs

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Developing Big Boxes

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  1. SESSION 1 Developing Big Boxes ECC Board Member Mike GardnerRegional VP of Real Estate & Design

  2. Overview • Walmart Realty • Retail Development Process • Lessons Learned • Chicago – An Example

  3. Walmart Realty • FYE 1990 • 1,402 Walmart Discount Stores • 123 Sam’s Clubs • 1,525 Total Domestic US Units. • 101 Million sq ft. for Retail Space • $25.8 Billion in Sales • FYE 2008 • 1,075 Walmart Discount Stores • 2,256 Supercenters • 579 Sam’s Clubs • 112 Neighborhood Markets • 4,022 Total Domestic US Units • 616.7 Million sq ft. for Retail Space • $345 Billion in Sales.

  4. Walmart Realty • U.S. Development FY08 • 38.1 Million sq ft • 26 Million sq ft net (+4.8% growth) • 192 Supercenters • 13 Sam’s Clubs • 20 Neighborhood Markets • U.S. Development YTD FY09 • 23.8 Million sq ft • 126 Supercenters • 7 Sam’s Clubs • 12 Neighborhood Markets

  5. Walmart Realty • Who are we? • Real Estate • Design • Architecture • Legal • Public Affairs • Market Research

  6. Retail Development Process • Due Diligence • Survey/ Title Work • Geotechnical Studies • Environmental Site Assessment • Traffic Impact report • Utility Studies • Environment Impact report • Economic Impact reports • Community Efforts

  7. Environmental Impact Reports -EIRs • New York – SEQR • California – CEQUA • New Jersey – CAFRA • Florida – Concurrency • Vermont – Act 250 • Maine – MIGA

  8. Community Efforts • Zoning • Initial Check • Look for trends and community concerns • Assess compliance • Develop “By-Right” Plan • Examples • Ephrata, PA – Flood plain/Special use

  9. Community Efforts – cont. • Political Landscape • Identify Approving Bodies • Assess Voting Record • Engage In Dialogue • Examples • Huntington Beach, CA – Referendum • Chicago, IL

  10. Community Efforts – cont. • Neighborhood Concerns • Identify Associations • Door to Door • Neighborhood Meetings • Listen to Concerns • Design Solutions • Examples • Walls/ Trees/ Bushes/ Berms • Livonia, MI • Truck Traffic • Security Cameras • Site and Store tours.

  11. Community Efforts – cont. • Community Concerns • Identify Community Leaders • Engage in Dialogue • Identify in Community Concerns/ Causes • Create Solutions • Examples • Park Dedications • Historic Building Preservation • Ionia, MI • Memphis, TN • Tree Preservation

  12. Community Efforts • Lessons Learned • Develop a Local Presence • Demand Competence & Excellence • Resist Urge to Cut Corners • Let Others Speak for You • Expect, Plan & Budget for Litigation

  13. Chicago, Illinois

  14. Chicago, Illinois Before Helene Curtis Plant After

  15. Chicago, Illinois Green Roof

  16. Chicago, Illinois

  17. Chicago, IL • Involve Walmart Executives • Lee Scott, CEO • Tom Schoewe, CFO • John Menzer, Vice Chairman • Michael Lewis, Divisional President • Todd Libbra, Regional General Manager • Campaign For Support • Alderman Mitts (37th Ward) • Lobby Every Alderman • Seek to Create Coalitions • Black Caucus • Hispanic Caucus

  18. Chicago, Illinois • Create Jobs • 443 jobs – over 15,000 applied • Over 70% from western Chicago communities • Over 50% from 37th Ward • 77% African American • 18% Hispanic

  19. Chicago, Illinois • Commit to the Community • Walmart committed over $500,000 to local organizations, charities, and business organizations • Building Local Businesses • Support Local Chamber of Commerce with assistance to Small Businesses. • Source product from Chicago based, minority-owned businesses • Build using Chicago-based, female & minority-owned contractor.

  20. Chicago, Illinois • Margaret Garner • CEO and President Broadway Consolidated Companies, Inc. • First African American to head construction of a Walmart Store

  21. Corporate Relevance • October 2005 – Katrina • Engage Non Governmental Organizations • Listen to Criticism & Suggestions • Be Willing to Change

  22. Corporate Relevance • Economic Opportunity • Customer Savings • Job Creation • Environment • Sustainability 360 – products, practices, lives & communities • Health Care • More Accessible, More Affordable & Better • Diversity • Workforce & Vendors • Ethics • Improve Pay and Practices in Factories

  23. Corporate Relevance • Invite Others to Participate • Set Goals • Measure Progress

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