Oldacre McDonald is a full-service commercial real estate firm based in Nashville, Tennessee, specializing in the development of shopping centers and build-to-suit retail, restaurant, and residential projects across the United States. Founded in 1991 by principals Bill Oldacre and Mark McDonald, the company has developed over 570 projects in 28 states, encompassing more than 11 million square feet of leasable space. Their mission is to deliver high-quality projects on time and within budget, fostering strong relationships with many of the nation's top operators.
Key Strategic Focus
Oldacre McDonald's strategic focus lies in the development of large-scale, mixed-use projects that integrate retail, office, multifamily residential, and entertainment components. The company emphasizes creating master-planned developments that serve as regional destinations, enhancing community growth and economic development. Their specialization includes securing major anchor tenants and collaborating with national retail and restaurant chains to ensure the success and sustainability of their projects.
Financials and Funding
While specific financial details are not publicly disclosed, Oldacre McDonald has demonstrated a robust capacity to fund and execute large-scale developments. Their projects often involve partnerships with other developers and investors, leveraging combined resources to achieve substantial developments. For instance, the Century Farms project in Antioch, Tennessee, is a collaboration with various stakeholders, including local government and private investors, to create a 300-acre mixed-use development.
Pipeline Development
Oldacre McDonald has several significant projects in various stages of development:
- Century Farms (Antioch, TN): A 300+ acre mixed-use, master-planned development located 10 miles southeast of Downtown Nashville. The project includes major retail, office, multifamily, and entertainment uses, with zoning for more than 20 million square feet of space. Notable tenants include Tanger Outlets, Community Health Systems, and HCA Healthcare.
- The Pinnacle (Bristol, TN): A 250-acre mixed-use regional development in partnership with Johnson Commercial Development. Anchored by Belk and Bass Pro Shops, The Pinnacle features over 75 retail and restaurant tenants, serving Northeast Tennessee, Southwest Virginia, and Southeastern Kentucky.
- Stewarts Landing (Nashville, TN): A proposed 22-acre mixed-use development near Nashville International Airport, including plans for a hotel, restaurant, retail space, and apartments. Potential tenants represented in renderings include Chipotle, Hyatt House hotel, and PNC Bank branch.
Technological Platform and Innovation
Oldacre McDonald distinguishes itself through its comprehensive approach to commercial real estate development, integrating innovative design and planning methodologies to create cohesive, community-focused developments. While specific proprietary technologies or AI-driven capabilities are not highlighted, the company's success is attributed to its strategic site selection, efficient project management, and strong partnerships with national tenants.
Leadership Team
- Bill Oldacre: Co-founder and Principal. With over three decades of experience in commercial real estate development, Oldacre has been instrumental in overseeing the company's strategic direction and project execution.
- Mark McDonald: Co-founder and Principal. McDonald brings extensive expertise in real estate development, focusing on project planning, tenant relations, and community engagement.
Competitor Profile
Market Insights and Dynamics
The commercial real estate development industry is characterized by significant competition, with numerous firms vying for large-scale, mixed-use projects. The market is influenced by factors such as economic conditions, consumer spending habits, and urban development trends.
Competitor Analysis
Key competitors in the commercial real estate development sector include:
- Hines: A global real estate investment, development, and management firm with a diverse portfolio of projects.
- CBRE Group, Inc.: A leading global real estate services firm offering a broad range of services, including development and investment management.
- The Related Companies: A privately-owned real estate firm known for large-scale mixed-use developments.
These competitors focus on similar large-scale, mixed-use developments, leveraging extensive resources and networks to secure prime development opportunities.
Strategic Collaborations and Partnerships
Oldacre McDonald has engaged in several strategic collaborations to enhance its market position:
- Johnson Commercial Development: Partnered on The Pinnacle project in Bristol, TN, combining expertise to create a regional shopping and entertainment destination.
- Oxford Properties: Collaborated on the Oxford Apartments at Century Farms, a 14-acre development featuring residential units and retail space.
Operational Insights
Oldacre McDonald's strategic considerations include:
- Site Selection: Focusing on areas with high growth potential and underserved markets to maximize development impact.
- Tenant Relationships: Building strong partnerships with national retailers and service providers to ensure project viability and attractiveness.
- Community Engagement: Incorporating community input and needs into project planning to foster local support and long-term success.
Strategic Opportunities and Future Directions
Looking ahead, Oldacre McDonald aims to:
- Expand Portfolio: Continue developing large-scale, mixed-use projects in high-growth regions.
- Enhance Sustainability: Integrate sustainable design and construction practices to meet evolving environmental standards.
- Leverage Technology: Adopt advanced project management and design technologies to improve efficiency and project outcomes.
Contact Information
- Website: www.oldacremcdonald.com
- Twitter: @oldacremcdonald
- Instagram: @oldacremcdonald
Oldacre McDonald's commitment to quality development, strategic partnerships, and community engagement positions it as a significant player in the commercial real estate development industry.
