Commercial Renovations

Fri. Dec. 15, 2017
Thank you for your interest in The Cherokee Group. This web site is focused on our real estate and community development activities. To learn who we are, what we do, and how we help you, please follow the links below.

Market Metrics

Quick Links

Help Fight Mortgage Fraud

See a Cherokee Sign on a Property?

Checking Us Out?

We're buying. Info for brokers, banks and sellers

Need help with a problem property or mortgage?

Let Us Guide You

If the information you seek was not provided here, also try:

Information Guide: provides website links that relate to both who you are or why you're visiting our website.

Search: search a specific topic

Contact Us: Send us your question

Checking Us Out: a quick overview of Cherokee

About Us: a full description of our services and people

Our Companies: details our various companies and business units

Sitemap: select from our page titles

Advantages of Renovating

Cherokee owns and operates investment real estate. Most of our holdings were previously dilapidated, dangerous, non-performing properties that we acquired by foreclosure from irresponsible or absent owners who had abandoned them.

We then restore a property to its full potential; this typically involves an extensive renovation. In the case of commercial properties, we often redevelop them, creating permanent local jobs, restoring the tax base, and providing a home to commercial enterprises that serve the immediate neighborhood, such as retail stores or professional offices.

Community development is usually associated with the rehabilitation of residential housing stock in a community. Cherokee is active in this area. However a healthy community needs a mix of different kinds of real estate, including residential, commercial, industrial, and undeveloped land that is often called open space or vacant land.

Any improvement to real estate benefits a community. Residential renovations increase the amount and quality of housing.

Renovations of commercial properties not only stabilize the tax base and reduce crime, but they provide local jobs, and often serve the community with retail and office services. While providing all of these advantages, commercial renovations also give the additional benefit of not creating further demand for educational or social services. They are a win-win situation for communities, as they tend to pay more taxes into a town's coffers than they extract in services. Therefore, they are very desirable to a community, assuming that they are developed in a responsible manner, and in concert with a community's vision for its future.

Cherokee is committed to being an agent for positive change in the communities in which we work. Our commercial developments tend to be smaller infill projects, or the renovation of existing properties. Our renovations are based on very distressed properties, since these are what we tend to acquire by foreclosure, our standard asset acquisition mechanism.

Renovating existing commercial properties helps maintain the character of mature communities. It is much less disruptive to the surrounding properties, as it does not create new drainage and infrastructure requirements. Plus, renovating is "green" in the sense that salvaging any property is the equivalent of recycling it; renovation means that less material is placed into landfills, and less new construction material is used.

You can see related information on this web site on these pages: