Office condominiums are uniquely positioned to meet the needs of small to mid-sized businesses.
They are ideal for professionals and companies that can safely predict their permanent space needs.
Business owners and partners in these organizations are receptive to the benefits that owning versus
leasing office space provides. They welcome the opportunity to buy property without the expense of purchasing
land, and without the aggravation of supervising the construction of a building.
Meeting the Needs of the Target Market
Joseph L. Caradonna has been actively involved in the Michigan real estate market for more then 10 years. He formed CRS Companies over 10 years ago. WATERSTONE presently has an Office Condo project under way - in Macomb Township totaling 27,000 sq. ft. of ground space and 14,000 sq. ft. of mezzanine.
As with any real estate project, the most important element for success in developing office condominiums is location. When planning new construction, WATERSTONE always selects highly visible locations with great accessibility. Since many purchasers are medical and general professionals, this ideal location is on a major thoroughfare, close to both freeway and a major medical center. It's also centrally located near the new Partridge Creek Mall and Lakeside Mall.
Because office condominiums are a long-term investment, it's vital that they're built in areas that will appreciate or retain their value. WATERSTONE conducts extensive market research to identify sites that have high traffic count and are surrounded by other high-end developments. Existing office tenants who want to stay in convenient location for their patients, clients or customers are an excellent source of future office condominium buyers.