On April 17th, I toured our retail property in Deer Park. I showed some photos of some alligator-ing of the parking lot that would require crack filling.
That process occurred last week along with some updated parking lot striping.
Crack sealing is a big deal in our market due to the amount of snow we get. During the day, snow melts from the sun beating on the parking lot. However, as the night-time temperature drops below freezing, the water that has seeped into the asphalt will freeze and expand. This expansion further cracks the asphalt, increasing its exposure to the elements and decreasing its useful life. We have to stay on top of cracks like this. The previous owner failed to do it and we missed it prior to last winter. That's a compounding problem we couldn't let continue.
Regarding the parking lot striping, I'm a big believing in doing it every year. Beyond the safety aspects, I believe it has a subconscious affect on how it makes visitors to the shopping center feel. I discussed this further in the article Buying with the Eye.
Some exciting news for the neighborhood. A new development has been underway for a couple months on the parcel next door to our project. A 36-unit apartment building is under construction. It will be three buildings of 12 units each. Delivery is expected in early fall. This is an exciting development for the small community of Deer Park, Washington and one we hope will bring addition traffic to our retailers.