65 Bay Street Brownfield Office/Industrial Development, Boston, MA - On behalf of Dorchester Bay Economic Development Corporation provided a broad range of financing, transaction, and development management services for redevelopment of 5 acre brownfield site in inner city neighborhood of Boston for $14 million, 80,000 SF office/industrial project. Assessed market potentials and feasibility, formulated development strategies, participated in marketing overtures to potential users, structured public and private debt and equity financing integrating seven lenders and numerous other funding sources, negotiated lease and sale option with build-to-suit tenant, advised on assembling project team, community and public approvals, and aspects of construction.

 

Paragon Mills, Commercial/Industrial/Mixed-Use Development, Providence, RI - Assisting Olneyville Housing Corporation, a community development corporation, in acquisition and redevelopment of 120,000 SF mill complex for office, industrial, residential, and artist live-work space. Negotiated purchase and sale agreement for acquisition and providing ongoing assistance in exploration and management of market, financial, design, and aspects of project and in structuring of financing integrating federal and state historic tax credits and New Markets Tax Credits.

 

Community Maritime Park, Pensacola, FL - Assisted Community Maritime Park Associates, a non-profit developer comprising prominent business and civic leaders, in acquisition and predevelopment of a 30 acre site on downtown waterfront for waterfront park, multi-use ballpark, maritime museum, and over 300,000 SF of private mixed-use development. Assisted in preparing successful proposal in response to City RFP, development programming, evaluating site capacity (including Florida Development of Regional Impact), market and financial feasibility, supportable land value, real estate taxes and TIF revenues, and negotiating master lease and development agreement including $40 million of public financing. Subsequently, engaged by City of Pensacola to assist City and CMPA in negotiating master lease and development agreement between CMPA and private developer to implement the project by means of construction of public improvements and long term staged disposition and development of private project components.

 

Key West Steam Plant Redevelopment, Key West, FL - On behalf of utility company, Keys Energy Services, formulated disposition strategy and RFP for 90,000 SF surplus power plant. Evaluated proposals and assisted in negotiating lease and development agreement for mixed-use project with cinema complex, retail, residential, and office components. After that proposal proved not to be viable, assisted in negotiating lease and development agreement for $20+ million, 57-unit luxury market rate and affordable residential project.

 

Urban Residential Mixed-Use Project, Boston, MA - On behalf of property owner/developer (joint venture of Boston Community Development Corporation and private developer), evaluated market and financial potential and formulated strategies for programming and other elements of development for proposed 300 unit high-rise residential project with retail and office in fringe Roxbury/South End location.

 

Charles Street Jail Redevelopment, Boston, MA - On behalf of Partners Healthcare, assisted in exploring market and development potentials, institution-related program options, and strategies for development for major hospital-owned urban property to accommodate over 500,000 SF of mixed-use residential, hotel, office, retail and/or other development at the MassGeneral Hospital campus in Boston.

 

South Avenue/Middlesex Garage Parking/Mixed-Use Development Strategy, Natick, MA - On behalf of Natick Center Associates and Town evaluated feasibility and financing strategies for over 500 structured spaces of public parking integrated with mixed-use redevelopment of key publicly owned sites, including approximately 100 residential units.

 

Town Center Property Redevelopment, Natick, MA - On behalf of Natick Center Associates and two property owners, evaluated potential and formulated strategies for redevelopment of existing buildings and land for housing, office and retail.

 

Smart Growth Town Center Mixed-Use Development, Bedford, MA - On behalf of Citizen's Housing and Planning Association, assisted town and private developer in evaluating development potentials and strategizing 25,000 SF mixed-use retail, residential, office project to achieve optimum balance of developer's financial objectives and town's planning objectives.

 

Miami Performing Arts Center Parking Development, Miami, FL - Assisted Miami Downtown Development Authority, Performing Arts Center, Miami-Dade School Board and other property owners and stakeholders in evaluating and formulating strategies for development of 1,500 parking spaces to serve the Performing Arts Center and School Board by means of property disposition, public-private joint-development and other means.

 

Midtown Cultural District Development Strategy, Boston, MA - For Greater Boston Chamber of Commerce and task force comprising property owners, developers and community interests, assessed market potentials and feasibility of potential mixed-use development in City's adult entertainment district under alternate programmatic, phasing, and zoning scenarios, resulting in recommended policy guidelines, development strategies, and programmatic and design vision for million+ SF mixed-use residential/office/retail/entertainment development incorporating new and historic older structures to act as focal point for evolving cultural/entertainment district.

 

Inner City Retail Development, Washington, DC - Provided strategic and transaction structuring guidance to Manna CDC for proposed 100,000+ SF inner city retail project. Represented CDC in partnership negotiations with private developer and assisted in formulating development strategies and exploring options for public-private financing including Enterprise Zone tax exempt bonds, tax increment financing, and New Markets Tax Credits.

 

Miracle Theater Performing Arts Center Acquisition, Coral Gables, FL - Represented City in negotiating acquisition of the Miracle Theater for redevelment as performing arts center. Formulated and evaluated alternate acquisition structures, including long term lease, installment sale, and sale with seller financing, and formulated financing plan to fund City acquisition.*

 

Food Processing Industrial Project, Dorchester/Boston, MA - On behalf of Dorchester Bay Economic Development Corporation, negotiated and structured conceptual agreements with food processing company and public and non-profit financing sources and provided other development coordination services for proposed redevelopment of a derelict 22,0000 SF building in an inner city neighborhood of Boston.

CDC-Sponsored Mixed-Use Development, East Boston, MA - Provided NOAH (Neighborhood of Affordable Housing) with highest and best use/feasibility evaluation, financing exploration, and strategy formulation for property acquisition, development, and financing of a proposed 25,000 SF mixed-use retail and office project in the Maverick Square neighborhood of East Boston.

Neighborhood Business Center Analysis, Dorchester, MA - for Codman Square Neighborhood Development Corporation, evaluated market potential and development feasibility of proposed business service center and professional office suites acquisition/development.

Inner City Retail Franchise Market Analysis, Roxbury, MA - On behalf of Urban Edge Housing Corporation, conducted market analysis of proposed investment in athletic shoe store franchise for pioneering retail location. Integrated diverse data sources to estimate magnitude of business sector, consumer expenditure patterns of inner city residents, and competitive retail environment, culminating in estimates of expenditure potential, capture, and sales performance.

University-Developer Joint Venture for Specialty Retail/Cinema Complex, Boston, MA - On behalf of a major university land owner, evaluated feasibility and financial implications of 200,000+ SF urban retail center/cinema complex proposed by developer. Evaluation considered prospects for project feasibility and return/risk to land-owning university joint venture partner under alternate scenarios of anchor tenanting. Recommended deal structure and process strategies for maximizing client's position and protecting against downside risk.*

Palm Beach Photographic Centre at Ocean City Lumber Project Public Financing, Delray Beach, FL - Assisted Community Redevelopment Agency in evaluating and structuring public financing to make feasible redevelopment of a building by a private developer for lease to photography educational center and gallery. Strategic options formulated included participation loan, credit enhancement and grant.

College Land Mixed-Use Development, Providence Suburbs, RI - Formulated strategies for development and marketing of 200 acres of surplus college-owned land. Evaluated potential for office, R&D, industrial, golf course and residential. Formulated mixed-use development program and strategies for assemblage, zoning, and disposition.*

*Project performed by Barry Abramson as a senior officer of other firm