70: 505Design: From Founding Vision to Cooper Carry Acquisition with Nick Igel

Design Development

Nick Igel is a seasoned professional with an impressive track record in real estate development, design, and construction. As a principal of 505Design at Cooper Carry and a founding partner of 505Design, Nick brings vast experience and expertise from his entrepreneurial journey. With a career spanning over two decades, Nick has been instrumental in establishing a multidisciplinary approach at 505Design that includes interior design, graphic design, planning, and architecture. Now part of Cooper Carry, he continues to infuse leadership, emphasizing building solid partnerships and cultures within organizations.

Episode Summary:

In this enthralling episode of Design Development, we are introduced to Nick Eigel, a foundational leader in the design and construction industry. His story is one of an unwavering drive for excellence and a commitment to creating spaces that resonate with people. As we navigate through Nick's professional journey, we uncover the strategic decisions behind founding 505Design and the subsequent acquisition by Cooper Carry.

The conversation unveils the core principles that guided 505 Design from its inception—a company that p essence over mere aesthetics. Nick shares his unique perspective on fostering business culture and what it takes to keep a team united across geographic divides. With his profound insights into the evolution of retail design and the emergence of mixed-use developments, this episode is a treasure trove of knowledge for enthusiasts and professionals alike.

Key Takeaways:

• 505Design's naming strategy was a conscious decision to ensure longevity and flexibility beyond the founders' tenure.
• The multidisciplinary approach to projects at 505Design brings together diverse perspectives for richer solutions.
• Importance of company culture, curiosity, and understanding of societal contexts in the hiring process.
• The organic nature of the acquisition by Cooper Carry and what it means for future growth and market expansion.
• Building and maintaining solid partnerships necessitates nurturing relationships and aligning core company values.

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