Bob Pack’s Mantra – Words to Work By

From Z. Kelly Queijo:

With Virginia Tech students who come to Blacksburg, Virginia developer Bob Pack for advice about a future in business development, he shares the same nine words with each of them:

Location, Location, Location
Work, Work, Work
Patience, Patience, Patience

Kent Square, developed by Bob Pack, featuring a Hokie Bird “If you don't have those nine words, then you may as well be in some other business,” Pack warns.

If they don't care to hear that, then he doesn't have much else to say to them.

“We've had a pretty good run at it and a lot of it has to do with gathering the right people around you.”

The right people in Bob's life include wife, Barbara Pack, and business partners Jeff and Harriett Price, Doug and Katherine Stewart, Tim and Carolyn Bell, brother Bill Pack, Tom Koontz, architect, and the Pointe West Management Company team: Suzie Marshall, Aaron Harris, Bob Burroughs, Stacy Croy.

To those about to embark on a construction project, he shares the two most important lessons he ever learned about the business:

    It will cost more than you thought.
    It will take longer than you thought.

According to Pack, if you know this going in, there will be fewer frustrations.

Another lesson Pack learned early on was the importance of building not only quality structures, but  also quality in relationships.

“If you understand Blacksburg well enough, you know you've got to bring the town and university together. Tech is a university with a town in it, rather than a university town.”

With roughly 100,000 square feet of office space rented to Virginia Tech, he estimates he serves about one thousand people from the university on a monthly basis.

“We've tried to snuggle up as close as we could get to the university and, through the years, we've been pretty lucky with that. We felt that regardless of the economy, they would never close the doors to Virginia Tech and even if they ever did, it wouldn't matter then, because we would all be in such bad shape.”

Fortunately, for all of us, Virginia Tech continues to keep its doors open as well as open new ones.

And Pack's advice about location, work and patience are words to build businesses by.

Z. Kelly Queijo writes about people and their passions for business and technology.

Connecting People in the RNR - CarLessBrit
Bob Pack, Blacksburg's Builder

Comments

  1. Handshake 2.0 has permission to quote this comment received via e-mail:

    Let me say from the start that you are writing about a man who has made such a great contribution to our community. It was a pleasure to be associated with Bob not only with the Lyric, to which he gave so much of his time and talent and was an intricate part of our having the marvelous facility as part of our downtown, but in other projects as well.

    His approach to the projects that he has been involved in have been of the highest quality and as I stated in an article to the newspaper some time ago, his approach was not with doing it in an inexpensive way but taking the high road. A quality product from a quality builder!

    He is a local young man who has made so many contributions to the town he has grown up in and I cannot emphasis enough how very proud I am to have been involved with him and consider him and his wife good friends and wish him continued success in all his endeavors which in turn will be a contribution to our town. I wish we could have more of his liking.

    Jim Dymock

    [From Z. Kelly Queijo: Jim Dymock was the General Manager of Davidson’s for 42 years is a long-time advocate for Downtown Blacksburg.]

Speak Your Mind

*