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Hotel Illyrian Resort

Owner representative for conceptual design phase in planning this destination resort for coastal Montenegro, in the south Ulcinj region.  Situated on the site of the existing Hotel Mediteran Ulcinj.  Design team included Kahler Slater Architects (USA), and Selim Resulbegovic of Ital Design (Montenegro).

 

Hotel Mediteran is a destination resort situated along the Adriatic coast, in the scenic coastal town of Ulcinj (Montenegro). StoneCreek Partners has provided owner representation support to the facilities management and development teams.

 

The property was purchased by Becovic Management Group, d.o.o., an affiliate of Chicago-based Becovic Management Group. Another Becovic affiliate organization, Becovic Holdings Corporation, manages Hotel Mediteran and provides owner representation for all renovation and new construction activity.

 

The Becovic organizations were founded by Husein Becovic, a native Montenegrin who emigrated to the U.S. in the 1960’s. Now retired from the business but active in philanthropy, Husein Becovic purchased Hotel Mediteran out of fondness for his hometown – Ulcinj – and in interest in initiating the greater economic development of the Ulcinj South Coast region.

 

The project is involves the redevelopment of a portion of an existing resort hotel, the Hotel Mediteran Ulcinj.

 

 

La Costa Ranch MPC

BCE Development  |  For this prominent master-planned residential community, in North San Diego County, work was in support of company’s overall business planning effort. Client organization was interested in understanding the financial comparison of various build-out strategies, exiting either through bulk land sale, finished lot takedowns to end builders, or hold and develop through end homebuilding. Work included “finished lot vs. builder pad” take-down scenarios.

 

BCE Development had acquired this North San Diego County master-planned community with substantial remaining build-out inventory, as part of a portfolio acquisition of major land developments. A business plan with detailed market and financial analysis was prepared, for use by California senior management of this major Canadian company, in presenting to the Board of Directors various alternatives for disposition and/or development. One key strategic marketing issue in the business planning effort, was the amount and type of senior housing (independent living, assisted living, skill nursing, etc.) to be included in the land use plan.

 

The La Costa Ranch property is part of he City of Carlsbad, a unique coastal community located about 35 miles north of the City of San Diego surrounded by mountains, lagoons and the Pacific Ocean. The City’s overall build-out population is about 135,000 residents based upon a total dwelling unit cap ratified by Carlsbad votes in the November 1986 election. While a smaller, coastal community, Carlsbad is the location of multimedia, biomedical, electronic, and light industrial businesses.

 

Mercado del Lago Shopping Center

Santa Margarita Co.  |  Leasing plan and financial analysis for planned shopping center in Rancho Santa Margarita, California.

 

Extensive financial analysis was prepared in collaboration with client organization’s CFO, in tandem with ongoing land use master planning and experiential design efforts for this town center facility in the heart of this highly-successful master-planned community.

 

The City of Rancho Santa Margarita is a result of a handshake land deal where James C. Flood and Richard O’Neill, Sr. purchased the property and later, O’Neill deeded his land holdings to his son, Jerome, under whose leadership the ranch grew to 230,000 acres and spanned three counties. The holdings later become home to such communities as Mission Viejo and Rancho Santa Margarita. The Rancho Santa Margarita landholding traces its history to the Shoshonean Native American Indian trible known as the Acagchemen. The community is situated along the foothills of the Santa Ana Mountains, master planned as an urban village.

 

Los Angeles Metro Rail

Development strategies, including financial and market analysis, for joint pubic-private development opportunities at Metro Rail stations.

 

Joint development refers to commercial development that is encouraged at such stations stops as part of the overall regional economic strategy for such transportation development. Work effort included a market study with financial recommendations to document the fiscal economic impact of such joint development strategies.

 

Metro Rail is an urban rail system serving Los Angeles County, California. It consists of six lines, including two rapid transit subway lines (the Red and Purple lines) and four light rail lines (the Blue, Green, Gold and Expo lines) serving 80 stations.

 

Newport-Banning Ranch MPC

Sojitz Corporation of America  |  Asset opportunities review as part of owner’s business planning process.

 

The 505-acre Newport Banning Ranch was owned by an affiliate of Nissho Iwai American Corp. (NIAC), in venture with partners (Taylor Woodrow Company and a major oil company). NIC was interested in what feasible disposition and/or development options might be best for this property. Important issues included its location within a California Coastal Commission LCP planning jurisdiction, ongoing oil and gas extraction operations conducted throughout the County (454 acres) portion of the property, abandoned oil well clean-up, and sensitive habitats, steep coastal bluffs, gullies and ravines.

 

Work completed for NIAC while StoneCreek Partners was retained as U.S. representative for new acquisitions and venture investments, including acting as a due diligence consultant, in real estate.

 

Redlands Snowtacular

A+O Properties, Inc. (Los Angeles)  |  Production of special event held each year on the Saturday following Black Friday, at a major Inland Empire retail shopping center.   Featuring retailer product introductions, live bands, amusement riders, and always, more than 30 tons of snow for a hale-bale confined kid’s play area.

 

Jumeirah Hills New Town

Sama Dubai – Dubai Holding  |  Retail district programming for planned mega mixed-use development in Dubai, including guest experiential programming, district- and neighborhood-level tenant mix, tenanting, and leasing strategies.

 

StoneCreek Partners was retained to create retail and shopping center concepts and a leasing plan, in a dozen locations throughout the planned Madinat Jumeirah “new town” in Dubai. The project was envisioned as a new urban core for that district of Dubai.

 

Work included a detailed retail tenant mix, leasing, facilities descriptions, critical success factors, and detailing of the retail-entertainment program for more than two million square feet of retail space (GLA). StoneCreek Partners also helped devise the “big idea” for this master-planned community – a network of great streets and grand canals with destination entertainment at major intersections throughout the community.

 

Westin Hotel LAX

Watt High-Rise, Inc  |  Hotel project feasibility report, including market analysis with financial projections, facility recommendations, and hotel franchise affiliation recommendations, for planned commercial hotel situated along Century Boulevard at the Los Angeles International (LAX) Airport. The property opened as a Stouffer, later re-flagged as a Westin.