Before summer 2018, Titus Williams and his family of real estate businessmen were behind the scenes in local and Midwestern developments. That’s no longer the case.
The Williamses took a significant step with the creation of Enterprise Commercial Group LLC and the southwest Missouri franchise for New York City-based NAI Global, which has 400 offices worldwide, some 7,000 brokers and $20 billion in commercial real estate transactions annually.
Then, they unveiled The Ridge at Ward Branch, a 100-acre planned development in far south Springfield with an estimated value of $500 million. It’s the city’s largest single proposal since 60/65 Partnership LLC a decade ago announced a $400 million mixed-use development that has yet to materialize in southeast Springfield.
“You wouldn’t have known that we were in the market unless you were a related party or a strategic partner,” says Titus Williams, president of Enterprise Commercial and principal with the locally based NAI Enterprise LLC.
He works with his brother Phil and their father Brad. The switch to the public eye followed another significant change for the family: the sale in June 2018 of their Missouri Valley REIT Inc. to Fargo, North Dakota-based Edgewood REIT.
Now, Enterprise Commercial’s largest unit is its asset management business. The firm manages $550 million in assets, $450 million of which are for other firms, including Edgewood, and $100 million of which are the family’s personal assets.
Enterprise Management, which handles office, retail and asset management, is one of five Enterprise Commercial divisions. The others are NAI; Enterprise Construction, which specializes in general contracting; Enterprise Residential, a residential brokerage; and Enterprise Development, a real estate developer with a focus on capital improvement projects in the North and Midwest United States.
Locally, the family’s developments are staggering in scope.
Williams is working to redevelop The Kitchen Inc.’s Commercial Street campus – upon its relocation – into a residential and commercial center with the aid of new market tax credits. And the family quickly leased to capacity a center city apartment complex dubbed 800 South in mid-2018.
“There’s a few other large projects in the works right now,” Williams says.
The first of SBJ's forums detailing Economic Growth Survey results is held.
Scott Shotts, partner with Missouri Spirits, says when they started in 2011 there were approximately 300 distilleries in the U.S. and now there are more than 3,000 so competition has grown significantly. Diversification of their business model has helped them succeed.
Matthew Blystone of Theta Float Spa had the financial means to start the unique business, but used crowdsourcing for pre-orders to determine market interest in addition to gathering a nice cash reserve before opening.
Avery Parrish with the Springfield Regional Arts Council explains how businesses can display local art in their spaces for a fraction of the price of investing in a permanent collection. The corporate partnership program allows a business to select from a customized portfolio of local artists' work curated based on the company's mission and aesthetic that can be switched out every six or 12 months.
After a year of experiential market research, Danny Collins, 37 North founder and guide, found three ways they plan to expand. Some were anticipated and others were not expected until they …
Inspirational speaker Chad Porter shares his story of turning a tragic accident that took him to the darkest depths into a rewarding career as a motivational speaker and business coach.
"For me success is...a little bit fleeting. Today's success and goal achieved only lasts about that long," says Curtis Millsap, owner of Millsap Farms. Look beyond the day-to-day financial achievements to the long-term victories.
Danny Collins, 37 North founder and guide, took his experience as an expedition manager for National Geographic Unique Lodge of the World in Ecuador to start his Ozarks based outdoor activity company. Since launching the company, he has relied on post-trip evaluations and prospective customer input to guide the course.
Jennifer Rothschild, author and speaker, says, "With the blessing of the success that we've experienced came something I did not expect, which was the need to lead. And, I am a reluctant leader." She realized that her ministry was managed very well, but the ministry's most valuable asset, the people, were not being led well. She gives you three choices she had to make as a reluctant leader. Jennifer Rothschild was one of nine leaders who presented at the 2018 Springfield Business Journal's 90 Ideas in 90 Minutes.
Miles Boyer, Office Manager for the Southern Region of the Builders’ Association, recognizes they are competing for their members' time. That means doing new and different thing are of value to guarantee that their members will participate in classes and events.
Ömer Önder, owner of Springfield Diner, learns the results of a customer survey conducted by Longitude LLC. Dustin Myers and Jeremy Wells, owners of the branding agency, inform Ömer that his customers are looking for a shift in his menu offerings. Made to Order is an ongoing sbjLive documentary series in collaboration with Springfield Business Journal tracking the rebranding of a local restaurant. See ongoing coverage at: sbj.net/madetoorder