In any develpment project, due diligence in evaluating and selecting the right Architect is key. Great Commerical Architects listen intently to clients and seek input from multidisciplinary stakeholders as well as the community at large. Their reputation and client list preceded them and their work doesn't stop with building concepts, mood boards, design or even blueprint drawings. Quality Architects stay with projects from concept to finished development, helping to creatively solve problems and align every recommendation along the way to the original project budget, brand story, and vision.
Altis Capital is excited to be working with Coeval Studios, a multi-disciplinary Commerical architecture and interior design firm based in Dallas TX. We're partnering with Coeval Studio Architects to work on several projects with wholly new brands. New brands require unique interiors and architecture that clearly represent each brand and tell each one's unique brand story through the design of the concept, layout and interiors. Coeval Studio has a long list of successful projects and happy clients. They've also received considrerable industry recognition year after year for their incredible work. Moreover, they're known for having impeccable relationships with developers as well as for their integrated exterior and interior styles which blur the lines between indoor and outdoor spaces, which people truely love.
Among there many recognized projects is The Rustic, a two-level monolithic restaurant and concert venue nestled between skyscrapers, with beautiful timber ceilings and a series of interconnected dining platforms unified by a central stage that make just being in the space a great experience all to itself. In operation, The Rustic trailblazing and trend-setting entertainment space that is also a top 10 performing concept in a saturated #8 US market. Pretty impressive Coeval Studios.
Altis Capital is always committed to due diligence in every project decision — especially in selecting its architecture and design partners. Coeval Studios strengthens our portfolio and the value we'll deliver to investors and communities in the coming year.
CRE sales growth in the United States through Q1 has increased almost 50% percent over the prior year (2021) according to MSCI — with Retail and Hotel categories driving the highest double-digit growth. Take a moment to review Altis Capital's many retail, hotel and entertainment projects underway in the United States.
At Altis Capital, we invest a great deal of time thinking about economic moat — specifically our business strategy, capital allocation (debt and equity), and leveraged tacit and explicit knowledge. These certainly serve to strengthen our brand's economic moat and are not easily imitable, but the two most strategic competitive advantages at the core of our economic moat are our focus on relationships and experience. People and their personal journey with our brand are our first priority.
Esports industry revenue is expected to eclipse $1.5 billion by 2023 and demand for spaces tailor-made for gamers is high. Investors are looking for opportunities to capitalize on the growth. Altis Capital is currently exploring opportunities to raise the bar for live esports experiences with great venues in the United States sure to exceed the wildest dreams of gathering gamers and their growing spectators.
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