| In partnership with TROY Enterprises,
Skilken and TROY have created a new development company, Mahogany
Ventures that will focus on the needs of today’s African-American
consumer. The middle to upper income African-American consumer is
looking for an environment that will blend retail, entertainment,
educational, spiritual, residential and business within an Urban Lifestyle
Center.
African-American spending power is fast approaching one trillion dollars
and growing. In an effort to celebrate the positive changes that are
taking place, Mahogany Ventures is working closely with national retail
chains, residential and office developers, religious leaders and the
Columbus Urban League, to create this innovative Urban Lifestyle Center.
TROY Enterprises is poised to become one of our nation’s
leading real estate investment and community development companies,
specializing in the revitalization of urban markets across the country.
Through its urban development division TROY is focused on meeting
the changing needs of communities in today’s marketplace. TROY
is dedicated to building meaningful partnerships with corporations,
retailers and communities where it does business, as well as enhance
value for potential investors.
In 1994, TROY Enterprises CEO, Adam Troy founded Omni Management Group
(OMG) – a real estate development company specializing in office
development and multi-family housing. Over the last decade, under
the dual leadership of Troy and co-founder Keith Key, Omni became
one of the premier African-American owned urban real estate development
companies in the nation. OMG will continue to function as the vortex
between Troy and Key and is poised for greater accomplishments in
the future resulting from the combined efforts of its founders.
TROY Enterprises represents a natural but independent outgrowth of
Omni and its’ success in the area of profitable partnerships
within the urban real estate development industry involving government,
corporations, community organizations, as well as faith-based institutions.
As the company looks toward the future, multi-cultural spending power
is now more than one trillion dollars and growing. Over the next 10
years, the Hispanic and African-American populations are projected
to grow at seven times the rate on the non-ethnic market. The African
American population is expected to reach nearly 40 million, a 50%
increase since 1980. In an effort to reverse the tide of declining
earnings high profile retail chains in search of new growth vehicles
are eager to open stores in ethnic markets. These companies are accustomed
to real estate that meets certain standards of appearance and management.
At the same time, consumers are desperate for higher-quality shopping
and office environments, yet these types of venues remain rare in
urban areas.
|
