BUILDING THE FOUNDATION
Three 20-year old college students (Jim Schloemer, Rich Bell, Steve Wagner) establish Continental Properties.
First commercial project, an 8,000 square foot office building, opens in West Bend, Wisconsin.
Through purchase, first shopping center is acquired in West Bend, Wisconsin.
First grocery-anchored shopping center is developed in Monona, Wisconsin.
First apartment community, Dale Creek, is developed in Greendale, Wisconsin.
Continental’s first business park is developed in Oconomowoc, Wisconsin.
GAINING GROUND: RETAIL DEVELOPMENT GOES NATIONAL
Continental ventures out of Wisconsin for the first time to develop a retail center in Greenville, Michigan.
Annual development reaches 1,000,000 square feet for the first time.
First retail power center is developed in Beaver Creek, Ohio.
- Continental develops its 16th freestanding Kmart store in Kenton, Ohio.
- New corporate headquarters in Menomonee Falls, Wisconsin is completed.
PORTFOLIO EXPANSION: IT’S NOT JUST RETAIL ANYMORE
Multi-Family development office is established in Jacksonville, Florida.
- High-rise office building for State Justice Center is developed for the State of Wisconsin.
- Retail leasing office is established in Scottsdale, Arizona.
- Real estate investment exceeds $500 million.
- Shopping centers in Arizona mark Continental’s entry into the Southwest.
- The first two Springs® apartment projects are launched in Bradenton, Florida.
CONTINUED DIVERSIFICATION: OPPORTUNITIES IN HOSPITALITY
- Continental Hospitality is formed to pursue opportunities in the hotel market.
- The Springs at Bandera opens. Located in San Antonio, Texas, this is the first Springs apartment community developed outside of Florida.
- Continental acquires and later rennovates its first full service hotel, the Hilton Deerfield Beach - Boca Raton.
- Continental becomes a preferred developer for Starwood’s new “aloft” hotel brand.
- Continental expands the Springs apartments into a third state, with the opening of the Springs at Greystone in Birmingham, Alabama.
- Continental develops its 20th Kohls store in Valdosta, Georgia. Three additional Kohl’s stores were also opened in 2006
- The Springs expands into a fourth state with the opening of the Springs at Chatham Parkway in Savannah, Georgia.
- Continental Properties receives recognition from the Milwaukee Business Journal for its Fountain Square retail center in Brookfield, Wisconsin.
- Continental celebrates the grand opening of the aloft Chicago O’Hare in Rosemont, Illinois. It is one of Starwood’s first aloft brand hotels to open in the United States.
- Continental opens three new Springs communities. With the addition of locations in Tennessee and North Carolina, the Springs has 11 communities in 6 states.
- Continental is recognized as one of the “2008 Best Places to Work” on SE Wisconsin by Milwaukee Magazine. The Milwaukee Business Journal also names Continental as a “Top Milwaukee Workplace”.
- Continental celebrates its 30th Anniversary.
- Continental ends the year by selling one of its most ambitious retail developments, Grafton Commons.
- Continental purchase land to develop a new Roundy's Pick n' Save store in Menomonee Falls, WI, razes the existing building, builds the new store and sells the project, all within 11 months.
- Continental breaks ground on three new Kohl's Department Store locations in three states.
- Continental breaks ground on two new Springs apartment communities in the Midwest.
- Continental opens three new Springs communities and breaks ground on two more in two states. Continental's portfolio now includes more than 5,000 apartment homes.
- Continental breaks ground on two new Kohl's department stores in two states.
- Continental breaks ground on a new Pick N Save grocery store in Sheboygan, WI.
- Continental sells two Kohl's department stores – Saginaw, MI and Olathe, KS.
- Continental broke ground on five new multi-family communities in four states for a total of 1,513 additional apartment homes in 2012.
- Continental welcomed the first residents at two newly built multi-family communities in two states.
- Continental has now developed over 6,500 multi-family units.
- Continental sold four multi-family communities generating capitol that will be reinvested in future projects.
- In an environment where retail development continues to be sluggish, Continental had a very successful year filling open space and selling vacant outlots in various centers and projects throughout the country.
- Continental sold six retail projects in four states, including the Culpeper Marketplace shopping center in Culpeper, Virginia.
- Continental purchased an old Target store which is currently being redeveloped into a Bed, Bath & Beyond and Gordmans.
- Continental secured 10 leases, including four "big-box" leases with JCPenney’s, Sears, Dick’s Sporting Goods, and Toys "R" Us.
- Continental delivered two Kohl’s stores: one in Hutchinson, Kansas and the other in Ottumwa, Iowa.
- Continental initiated a new program to recruit recent college graduates to train and develop their skills to become multi-family property managers. This is another step in Continental’s evolution into a world-class multi-family operations company.