M & M Real Estate Development and Consulting

07/13/2024

REBUILDING HAYTI SINCE 1987

Phoenix Crossing Shopping Center and Phoenix Square Shopping Center have provided business opportunities and jobs for almost 40 years to Hayti and the Fayetteville Street Corridor.

Our family of merchants have contributed to the vitality of our historic business district, our community and the City of Durham.

African & Caribbean Market
African World of Braids
Alcoholicos Anonimos
Ama'Gees Jamaican Cuisine
Black Wall Street Barber Shop
Durham Business & Professional Chain
Durham County Health Department
Fayetteville Street Planning Group
Firelife Christian Church
Gail’s Hair Gallery
Hayti Barber Shop
Imperial Barber Shop
Johnson Driving Academy
LaShea Yoni Spa
M & M Management Office
MC & Blackwell Bail Bond
Mozzie’s Cuisine
Muhammad’s Mosque 34
Nail Jinni
Naturally Yours Hair Studio
Nzinga's Kitchen
Obvio Commissary
Phoenix Event Center
Phoenix Square Associates
Rhythm & Brews Bar and Grill
Royal Hair Gallery
Sold Out Ministries
Sweet Lovable Chocolates
Tax Pros Plus
Thorpe’s Barber Shop
To***co Land
Wang's Garden
World of Flowers
Zuri & Associates Inc.

M & M Real Estate Development and Consulting believes that neighborhoods can be transformed into safe, livable, sustainable and affordable cultural destinations with vibrant residential neighborhoods, thriving neighborhood shopping districts, national and local historic districts and fully-utilized parks and recreational facilities. Economic recovery can become a reality through neighborhood economic development.

Transforming urban neighborhoods through neighborhood economic development is our mission.

M & M Real Estate Development and Consulting brings its knowledge of urban economics, community development and real estate development to bear on three of our urban neighborhoods’ biggest challenges – unemployment, lack of business development and lack of capital investment. Traditional solutions to these challenges often focus on one development sector, which singularly, is not sufficient to engage all the resouces needed for a transformation. Traditional solutions also fail to utilize the community's assets to upflit the existing community and increase its participation in the transformation.

M & M Real Estate Development and Consulting uses commercial real estate development as the driving “place maker” for capital investment, business formation and job creation by leveraging existing neighborhood assets along with public and private resources to remove constraints and coordinate sustainable economic solutions. The resulting business and employment growth fuels the growth of private investment and consumer spending in challenged neighborhoods -- creating an upward spiral across many economic sectors.

M & M Real Estate Development and Consulting has successfully developed neighborhood economic engines that have created places for local businesses to start and grow, generated hundreds of jobs for local residents and attracted neighborhood-friendly capital into the neighborhoods of greatest need.

09/09/2023

The Durham Business & Professional Chain is a 501c3 non-profit African American business advocacy organization. Founded in 1937, its mission is wealth creation through the removal of structural barriers to African American economic participation.

09/03/2023

RETHINKING YOUR BUSINESS LOCATION?

Recent news articles have called the Durham NC downtown area "hot" as businesses and residents are entering this market at a rapid pace. The Phoenix Crossing Shopping Center is located on the south gateway into downtown Durham and lies in the heart of Durham NC.

We have plenty of parking, proximity to major employment centers and universities and we're on one of the busiest commercial corridors in Durham. Spaces range from 630 square feet to 2300 square feet.

Your business will also benefit from traffic generated by national businesses like KFC and Walgreens along with popular local hair salons, nail salons and restaurants. Phoenix Crossing is also adjacent to the City of Durham's redevelopment area now under construction with a potential for 300+ new apartments and 100 homes.

What’s more, another 1100 apartments and over 700 hotel rooms are under construction within a half mile of our location and are scheduled to come to the market in 2022.

Contact Denise Hester at 919-680-2878 for more information.

09/03/2023

A SWEET OPPORTUNITY

09/02/2023

RETAIL OPPORTUNITY FOR DOG GROOMER Phoenix Crossing Shopping Center Durham NC

Recent news articles have called the Durham NC downtown area "hot" as businesses and residents are entering this market at a rapid pace. The Phoenix Crossing Shopping Center is located on the south gateway into downtown Durham and lies in the heart of Durham NC.

We have plenty of parking, proximity to major employment centers and universities and we're on one of the busiest commercial corridors in Durham. Spaces range from 780 square feet to 2520 square feet.

Your business will also benefit from traffic generated by national businesses like KFC and Walgreens along with popular local hair salons, nail salons and restaurants. Phoenix Crossing is also adjacent to the City of Durham's redevelopment area now under construction with a potential for 300+ new apartments and 100 homes.

What’s more, another 1100 apartments and over 700 hotel rooms are under construction within a half mile of our location and are scheduled to come to the market in 2024.

Contact Denise Hester at 919-680-2878 for more information or visit www.phoenixshoppingcentersinhayti.com

09/02/2023

UNDERSTANDING TENANT IMPROVEMENTS

In commercial leasing one area that can make or break a successful leasing outcome is the timely and properly budgeted upfit of a space. This work is also called tenant fit up.

As we have said before never make assumptions about any aspect of commercial leasing. Read your lease before signing so that you understand how the lease is administered — rates, terms, time limits, responsibilities etc.

For upfit issues understand time limits on landlord’s work and tenant’s work to avoid costly errors. The best scenario is that all tenant work will be completed as soon as possible to avoid paying rent before you’re open for business.

At M & M Real Estate Development we urge prospective tenants to have an attorney (or other advisor) review our lease before signing. We welcome these discussions on the front end to avoid costly misunderstandings once a lease has been signed.

09/02/2023

08/09/2023

FORMER CHURCH SPACE AVAILABLE FOR LEASE -- Phoenix Crossing Shopping Center Durham NC

Former church space is now available (approximately 700 square feet) with open area, one bathroom and two offices. Plenty of parking and served by two bus routes. Easy access with no stairs and parking close to the space.

Call Denise for details at 919-624-9473 for more information or to schedule an appointment to view the space.