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Legacy Development Partners Launches to Transform Retail, Mixed-Use Development Across the Southwest

via Business Wire

Backed by strategic partnership with The Garrett Companies, industry veterans aim to elevate commercial real estate

Legacy Development Partners, a newly launched real estate development firm specializing in retail and mixed-use projects, is set to make an immediate impact across the Southwest and beyond. Founded by industry veteran Chris Hake and strategically backed by national multifamily leader and mixed-use developer The Garrett Companies, the Phoenix-based firm will focus on developing and redeveloping single-tenant outparcels, multi-tenant buildings, grocery-anchored projects and mixed-use spaces.

“We built Legacy Development Partners on a foundation of partnership — and in today’s challenging real estate space, true partnership is more critical than ever,” said Hake. “From tenants to municipalities, brokers to landowners, everyone we work with is treated as a valued ally, working together toward shared success in any market cycle.”

Legacy Development Partners’ affiliation with The Garrett Companies — a full-service multifamily development, construction and property management and mixed-use development firm — will enable the new venture to leverage national expertise and resources while maintaining an independent, local identity focused on retail-driven, mixed-use solutions.

“At The Garrett Companies, we are always looking for dynamic ways to expand our capabilities, and this affiliation gives us a highly experienced commercial division to complement our multifamily projects,” said Eric Garrett, founder and CEO of The Garrett Companies and strategic partner to Legacy Development Partners. “Chris has an incredible track record in the industry, and we’re excited to support his team as they build something truly impactful.”

Hake brings decades of experience in commercial real estate development, having sourced and overseen approximately $1.3 billion in ground-up projects across the Southwest, Southeast and Midwest regions. His extensive expertise and connections have empowered Legacy Development Partners to launch with an active pipeline of more than a dozen opportunities, representing nearly $110 million in potential development volume.

Initial projects will be concentrated in the Phoenix metro area and across Arizona, with additional developments planned in Colorado, Utah and Idaho. Legacy Development Partners will also pursue select mixed-use opportunities in high-growth markets nationwide along with tenant-directed opportunities across the country.

For more information, visit legacydevpar.com.

About Legacy Development Partners

Legacy Development Partners is a comprehensive real estate company specializing in the development and redevelopment of single-tenant outparcels, multi-tenant shop buildings, grocery-anchored projects, and mixed-use developments. Based in Phoenix, the company’s leadership portfolio has delivered commercial projects in 13 states and 50 markets across the Southwest, Southeast and Midwest regions representing more than $1.3 billion in value. More at legacydevpar.com and follow Legacy Development Partners on LinkedIn.

About The Garrett Companies

The Garrett Companies is a full-service multifamily development, construction and management team. Their team of experts works in unison to entitle, develop, build and manage multifamily projects across the country. They are currently active in six states and have completed over 60 projects in 22 states. After delivering over 20,000 apartment homes, they have become industry leaders in forecasting trends and delivering living options that find quick success in the marketplace. Their proprietary market research criteria paired with a disciplined business model reduces risk and allows the creation of desirable, high-end multifamily housing that produces superior risk-adjusted returns. As a complement to high-end multifamily developments, they also specialize in mixed-use, retail and office and have a restaurant division. More at thegarrettco.com and follow The Garrett Companies on LinkedIn.

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