BRIDGING THE GAP BETWEEN TRADITIONAL DEVELOPERS AND OPERATOR MINDSETS IN SURF-ANCHORED REAL ESTATE
Surf Park Central
Industry network and global Summit for real estate developers of surf parks, wave pools, inland surf destinations.
An excerpt from a recent interview with Tony Miller from Peak Surf Park
Traditional developers have not jumped into the space very aggressively. Surf parks are unproven and not an asset class most developers have much experience in. And they typically have more of a build it, fill it, and flip it mindset. So a short term horin excerpt from a recent interview with Tony Miller from Peak Surf Park
Traditional developers have not jumped into the space very aggressively. Surf parks are unproven and not an asset class most developers have much experience in. And they typically have more of a build it, fill it, and flip it mindset. So a short term horizon.
From an industry perspective, as well as the wave tech folks, I think the best people to build and develop a surf park have much more of an operator’s mindset. They have a long-term view of what they’re trying to build and accomplish.
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That’s me. I have an operator’s mindset. I am not a traditional developer. And the same goes for most of the Surf Lakes licensees, as well as the founders of most of the other tech company projects that have open parks.
Here is the rub, traditional developers have the expertise and resources to move projects forward better than operators. However, operators are better suited for the long term viability of the projects and the industry.
So there seems to be an opportunity for development consultants to solve this dilemma and fill a critical gap in the early stages of our emerging industry. Provide operator-minded founders with the expertise and relationships necessary to accelerate their projects.
We have lots of folks offering Ops Management consulting, but you have to get the project developed first before those services can deliver value. So I think there is a huge opportunity to marry the best of an operator’s mindset with the know-how of a developer’s experience to get more successful projects finished faster.
Check out the full interview with Tony Miller here: https://surfparkcentral.com/peak-surf-parks-tony-miller-shares-his-inspiration-and-more-about-his-role-in-the-surf-park-industry/
It's fantastic to see the conversation around bridging the gap between traditional developers and operator mindsets in surf-anchored real estate gaining traction. Engaging and insightful interview excerpt, thanks for sharing Surf Park Central!
Managing Director @ S.T.A.R Procurement | MCIPS
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