– The Ivy Group helped their client (California Badminton Academy) successfully lease a commercial indoor recreational property by obtaining from the City of Fremont a Conditional Use Permit (“CUP”) in an industrial zone;

– The Ivy Group helped the client refine the business plan to address traffic and safety concerns, as well as parking requirements, among others;

– The Ivy Group’s CEO Tim Vi Tran, SIOR, CCIM met with then Mayor of Fremont to get his buy in on the project;

– Thy Ivy Group negotiated with the Landlord to relocate a large transformer from the floor space, and secured a 10-year lease with a 5-year renewal.

This project demonstrates that leasing a recreational property in a nontraditional industrial zone can be done—but it takes:

• Zoning expertise to identify viable properties before time is wasted on dead ends.
• Municipal navigation skills to secure approvals in unprecedented situations.
• Negotiation strength to win landlord concessions on costly improvements.
• Commitment to seeing a project through, even when the timeline stretches to a year or more.

To read it as a 3-min blog

To watch is as a video (coming soon)

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