Highest-and-Best-Use Archives

happy holidays from The Adventure Entertainment Cos.

Adventure Entertainment Cos. has new website.

The Adventure Entertainment Cos., an affiliate of StoneCreek Partners (“SCP”), has launched a new website at AEC Creative – in Beta form. Some of the client experience and specific projects that have been listed here along with SCP experience will be moved over to AEC Creative.

The Adventure Entertainment Cos. (AEC) is a conceptual design and project implementation company, focused on themed attractions, location-based entertainment, and outdoor recreation. AEC regularly collaborates with StoneCreek Partners during the project feasibility and conceptual design stages of client assignments, providing early “previsualization” of potential site organization, project massing and relative scale, and exploration of guest scripting and experience.

AEC has also established ventures with 3rd-party organizations for the operation of niche destination facilities in outdoor recreation (GoBOLD Adventures), creative campuses (Monumental Studios), and living stories (StagePlex). These new ventures are led by highly-experienced professionals in these industries, including Paul Bierman-Lytle, Justin Zoladz, and Robert “Bob” Johnson, among others. The purpose of Adventure Entertainment Cos. having a new website, is to prepare for more direct-to-consumer communications about these coming destination facilities. The Adventure Entertainment Cos. is committed to the creation of destination experiences for major project as well as smaller intra-regional locations, that combine the outdoor recreation, extreme sport, themed, and location-based entertainment industries.

Adaptive Re-Use of Obsolescent Properties

09.12.2020 Highest-and-Best-Use, Project Consultants for Tribes and First, Redevelopment Project Consultants

Adaptive re-use of obsolescent properties, an evaluation of potential repurposing alternatives for tribal casino and ancillary property. Using a highest-and best-use analytic framework, a series of alternative re-use programs were considered for the property.

Confidential client.

Real Estate Advisory Services - Senior housing consultants

Richmond Senior Village – Project Feasibility

01.01.2019 Highest-and-Best-Use, Opportunity Zone Consultants, Real Estate Advisory Services -, Senior Housing Feasibility and Facilities Consultants

Confidential Client | Project feasibility evaluation in progress; involves redevelopment (regeneration) of now demolished facilities. Project site in the greater Richmond (Virginia) area.

Work includes evaluation of highest-and-best development opportunities for the site, with detailed evaluations of specific land uses. A continuum of care concept for seniors is part of concept testing, along with specific categories of the continuum including free and independent living, assisted living for seniors, skilled nursing facilities, and the like. Non senior land uses are also in evaluation.

Work as opportunity zone consultants also includes entitlements, zoning and permitting review, capital budgeting, operating projections, and project risk assessment.

Real Estate Consultants - Land Development Consultants

Newport-Banning Ranch MPC

19.08.2018 Highest-and-Best-Use, Land Development Consultants

Sojitz Corporation of America | As land development consultants, provided a review of asset opportunity alternatives 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.