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Office and Industrial Consultants - Local government real estate consultants

Urban Core Revitalization – Spring Street Los Angeles

City of Los Angeles CRA  |  As real estate project consultants to the Los Angeles Community Redevelopment Agency, StoneCreek Partners provided financial analysis and evaluation of illustrative deal structuring for various public-private intervention strategies to achieve the economic turnaround and urban revitalization of the Spring Street corridor in downtown Los Angeles.  The redevelopment analysis included consideration of funded public subsidies, and transferred development rights.

 

Spring Street in downtown Los Angeles was once called “Wall Street of the West,” home to numerous major financial institutions, the old Pacific Stock Exchange, and many of the city’s finest office buildings dating back to the early days of downtown Los Angeles. A 1994 strategic plan for downtown called for a mix of public and private investment in retail, housing and commercial development.

 

Over the years, various efforts have sought to revitalize the Spring Street Corridor, including the successful opening of the Ronald Reagan State Building – at the corner of Spring Street and Third Street.

 

Joint Development Strategies for Metro Rail

Joint Development Strategies for Metro-Rail

Los Angeles County Metropolitan Transportation Authority  |  Acted as local government consultants to the City of Los Angeles providing Joint Development Strategies for Metro-Rail development, including financial and market analysis, for so-called “joint pubic-private real estate development opportunities” at potential Los Angeles 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 feasibility studies with financial recommendations to document the fiscal economic impact of such joint development strategies.  Our work providing joint development strategies for Metro-Rail also included identification of analogous projects from other regions, and prototypical public-private mixed-use developments at specific Metro Rail stations.

 

Los Angeles Metro Rail is an urban rail system serving Los Angeles County, California, operated by the Los Angeles County Metropolitan Transportation Authority.  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 93 stations.

 

L.A.’s Metro Rail started service in 1990.  Metro Rail had two predecessors which unfortunately were discontinued for reasons unrelated to ridership success.  The prior rail services were the the famed Pacific Electric Railway Company a/k/a the Red Cars and the Los Angeles Railway Yellow Car lines, which operated between the late 19th century and the 1960’s.  The Red Cars was a privately owned mass transit system in Southern California consisting of electrically powered streetcars, interurban cars, and buses and was the largest electric railway system in the world in the 1920s.   There are still vestiges of the old Red Car system in Los Angeles, visible in the lot lines and building edges that were once situated along the Red Car route alignments.

 

Local government real estate consultants

StoneCreek Partners has acted as local government consultants for real estate development, for an array of federal, state, regional and local municipalities and agencies.

StoneCreek Economic Development Consultants & Planners

Feasibility Analysis – South Tahoe Redevelopment Plan

South Tahoe Redevelopment Agency  |  A feasibility study and program implementation plan was prepared for several districts in the community of South Tahoe (California / Nevada).

 

The Project Area for the South Tahoe Redevelopment Agency (STRA) was adopted on June 28, 1988 by Ordinance NO. 746. The Project Area is located in the northeast portion of the City of South Lake Tahoe and encompasses approximately 174 acres. Major land uses include tourist facilities and commercial development. The Project Area generally runs along Highway 50 from just west of Ski Run Boulevard to the California-Nevada border.

 

Local government real estate consultants

Charrette for Retail-Entertainment District

City of Avondale  |  Big idea exploration, Ideation and initial master plan concepts for destination retail and entertainment zone. A project sponsored by the City of Avondale, Arizona.

 

Stonecreek LLC affiliate Adventure Studios was selected as a development consultant to work with the City of Avondale – a community with a key gateway location in to the rapidly – growing suburbs of western Phoenix.

A master plan for development of the 400 acre site was prepared, with a major regional shopping center, retail-entertainment facilities, and a themed entertainment district with attractions, all included in the plan.

An initial charrette was conducted to initially evaluate all potential land use opportunities for this strategic site along a major interstate highway.

 

 

 

 

Local government real estate consultants - Land Development Consultants - Entitlements and Permits Consultants

North Fontana Redevelopment Project Area

City of Fontana CRA  |  Acting as a real estate consultant, a market analysis was prepared in support of redevelopment project area activities.

 

The North Fontana Redevelopment Project was originally adopted in 1982 and encompasses approximately 8,900 acres, including major portions of the northern area of the City from Foothill Boulevard to Interstate 15 on the northwest to the City boundaries immediately east of Sierra Avenue.