Kosmont Retail NOW!® and Development Opportunity Reserve (DOR)™
Kosmont Companies was retained by the City of Buellton in response to a Request for Proposals (RFP) for the preparation of a Market & Economic Analysis and Economic Development Implementation Plan (Plan). Kosmont was later additionally retained for the initial implementation of the Plan, including recruitment of targeted retailers/developers (e.g. Chipotle) for identified development opportunity sites within the City.
Kosmont collaborated closely with the Buellton Visitors Bureau/Chamber of Commerce (also a client) to identify development opportunity sites, prepare marketing flyers, solicit retailer interest and conduct developer outreach at ICSC conferences in Monterey, San Diego, and Las Vegas between 2013 and 2015.
In January 2017 the City Council approved to move CEQA forward and finalize the Specific Plan document. Kosmont is collaborating with the City on a planning team to implement the Specific Plan and utilize an Economic Development tool known as a Development Opportunity Reserve (D.O.R.™) to induce private investment into the Avenue of Flags downtown district.