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StoneCreek Partners / Highest-and-Best-Use (Page 3)
Shopping Mall Redevelopment Concepting

Shopping Mall Redevelopment Concepting

19.08.2012 Highest-and-Best-Use, Mixed-Use Development Consultants, Redevelopment Project Consultants

Shopping mall redevelopment concepting for Plantation Fashion Mall in Plantation (Broward County), Florida.   StoneCreek Partners was retained to evaluate net financial results from alternative redevelopment schemes for the defunct retail mall.   Each alternative in consideration involved some form of demolition and new mixed-use program that would integrate all site components..   The overall site includes the mall, along with office and hotel (Sheraton Suites) components.

 

At the time the study effort commenced, the existing shopping mall was in decline with the tenant mix already transforming to office and governmental users.   The malls decline was a result of somewhat poor location given regional roadways, the rise of numerous competitive retail offerings, and an obsolescent mall design at its upper levels.

 

The mall and its adjacent components were eventually renamed 321 North and fully redeveloped in a mixed-use scheme.

 

Our consulting work included an evaluation of strategic alternatives for the shopping center, mall redevelopment and renovation options, tenant and sales mix, and alternative leasing plans to support various lifestyle, location-based entertainment, retail, health services, and mixed-use revitalization options.   The shopping mall redevelopment concepting also included competitive considerations given nearby regional malls with arguably better locations for retailers considering regional site selection, including the Westfield Broward, The Fountains, and the mega-destination Sawgrass Mills mall.

 

Our affiliate AEC Creative was responsible for programming of a unique 3rd-Floor events center – explored and prepared for implementation during renovation.

 

Real Estate Advisory Services

Yamashiro’s Redevelopment

15.06.2008 Highest-and-Best-Use, Real Estate Advisory Services -, Redevelopment Project Consultants

D. Glover / Yamashiro Interests  |  Real estate advisory services in connection with the prospective repositioning and redevelopment of an urban site overlooking Hollywood’s central business district – a highest-and-best use study.

 

Yamashiro’s Restaurant carries a “Cal-Asian” design theme which has been a feature of the hillside overlooking downtown Hollywood since the day it opened as a restaurant in the 1960’s. The restaurant is just above the Magic Castle performance facility on the same hillside. Yamashiro’s offers one of the best views available overlooking the Hollywood community and surrounding areas of the City of Los Angeles.

 

 

Film Studios Development Consultants - StoneCreek

Lorimar Studios

19.08.1996 Film Studios and Backlots, Highest-and-Best-Use, Real Estate Consultants

Master plan for potential highest-and-best-use of Lorimar Studios in Culver City (California), prior to ownership by SONY Studios.

 

Analysis of re-purposing and redevelopment potential for the Lorimar Studios campus, explored with a focus on “highest and best use.”  The full array of existing of future facilities were part of the analysis, including soundstages, production office space, post production facilities, and the like.

 

Acting as consultants for the film studios’ re-use and further development, redevelopment options were evaluated and compared to a baseline redevelopment scheme, along with build-out and phasing scenarios. Report included conceptual site plans of various redevelopment schemes for the film studios, financial projections, market analysis, and an implementation risk analysis of the alternatives.

 

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