SPRINGFIELD, JULY—The Williams family of real estate businessmen announced plans July 10 for their new Enterprise Commercial Group LLC with five divisions, including a southwest Missouri franchise for New York City-based NAI Global, which has more than 400 offices worldwide, some 7,000 brokers and over $20 billion in commercial real estate transactions annually.
Days later, they unveiled plans for The Ridge at Ward Branch, a 100-acre mixed-use development on far South Campbell Avenue that, upon completion, would have an estimated value of $500 million. Led by Phil Williams and business partner Trip Rhodes, The Ridge calls on commercial space for potential tenants including restaurants, hotels, offices, retail centers and lofts, as well as bike trails and natural elements to form a park-like environment. Officials expect the first 60 acres will be completed in 2021. On the back 40 acres, the business partners’ RW Developments LLC plans to open a senior living continuum-of-care community. No timeline has been set for the second phase.
“We’ve got a substantial amount of interest on the front end from tenants. We have quite a bit of office space that people have already put a lot of interest in,” Phil Williams said this summer. “It’s exceeded all of our expectations.”
He also is a co-owner in NAI Enterprise with his father Brad and brother Titus, with plans to relocate the franchise to The Ridge adjacent to The Library Center. Titus Williams, who owns Enterprise Commercial with his father, also is working to redevelop The Kitchen Inc.’s Commercial Street campus – upon the nonprofit relocating – into a residential and commercial center with the aid of new market tax credits.
The family also quickly leased to capacity a center city apartment complex dubbed 800 South in mid-2018.
The announcements of Enterprise Commercial, NAI and The Ridge came after the Williams family in June sold their Missouri Valley REIT Inc. to Fargo, North Dakota-based Edgewood REIT.
Enterprise Commercial now manages $550 million in assets, including $450 million for other firms such as Edgewood.
The Bark Yard dog park and bar concept launched; Charity Fent Cake Design LLC moved; and a pair of business owners collaborated on opening The Hidden Hut LLC.
This poll is not a scientific sampling. It offers a snapshot of what readers are thinking.
Heather Kite, owner of startup business Rooted Deep Farms, talks about tough times during the winter of 2020-2021. She says determination was a necessary component that kept her going.
Jeramey and Julia Henson, co-owners of HM Dentworks Academy, discuss the importance of family in work-life balance. They say you can’t make up for the major life events. HM Dentworks Academy is also co-owned by Chris McWhirter.
Rachel Barks, owner of Artistry Pottery, talks about her struggle with PXE, or Pseudoxanthoma elasticum, a disease that affects the eyes. She says that despite her struggle, she is ultimately thankful.
Jessica Burkland, a Missouri State University business instructor in the Department of Management, talks about small business start-up trends in a post-pandemic year. Burkland, who owns Activate Consulting & Training and volunteers as a small business mentor for SCORE of Southwest Missouri, says startups that offer new services and products to help people work from home or that enhance mental health could find greater success.
Jim and Debbie Meinsen, co-owners of TCI Graphics, say the past year has been one of the toughest they have faced. Now in the company's 50th year, the couple says they learned a few things in 2020.
Charlie Rosenbury, president of Self-Interactive, calls on his experience in programming to illustrate lessons he has learned running a business and life in general. Springfield Business Journal's 90 Ideas is presented by Great Southern Bank.
Darline Mabins talks with SBJ’s Christine Temple about growing up after a tragic accident took the lives of her mother and older brother. Mabins is now the regional branch sales manager for Arvest Bank. No Ceiling is an SBJ podcast, going in depth with local women, sharing their journey to the top of their professions.
Caleb Scott, owner, coach and player for Queen City Insane Asylum semi-professional football team, talks about the ways that the team works to support each other on and off the field. Scott says you can’t force people to become leaders, they have to come naturally.
Steve Williams, owner of Crosstown Barbecue, discusses the role relationships have played throughout the 51 years that Crosstown Barbecue has been in business. He says that while he puts effort into providing the best food he can, ultimately “people like to do business with people they like.”
Randy Bacon, professional photographer and humanitarian, relates his experience building relationships with clients since he became a photographer. He says building relationships with his clients and perfecting his craft are the most important things he does to spread his business.