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StoneCreek Partners / Posts tagged "feasibility" (Page 4)
project feasibility consultants - California coastal resorts market

Project Feasibility and Due Diligence, for Resort Hotel

24.01.2016 Hotel Development Consultants, Project Feasibility Consultants

As a real estate consultant, a project feasibility study and due diligence review was prepared for the proposed Monterey Plaza resort hotel, to be located in Monterey, California.

 

Our development consulting work included an analysis of market support for the project, hotel financial projections, preliminary capital budget, an entitlements and permitting assessment, and facility recommendations for the planned hotel development.  Meeting space and meeting room configuration recommendations included an overall sizing recommendation, at 18,000 to 20,000 SF of space.

 

The site for the resort hotel was situated along a rocky beach overlooking Monterey Bay, in the Cannery Row district of Monterey.  Cannery Row is the historic waterfront street which at one time was the site of a several sardine canning factories, the last of which shuttered in 1973.    Cannery Row was made famous in a 1945 novel set during the Great Depression, by author John Steinbeck.   Monterey’s Cannery Row district is also home to the famed Monterey Bay Aquarium.

 

Subsequent to preparation of the project feasibility study and due diligence, and full project design, this 290-room resort hotel was built and opened as one of the premier independent properties of the Monterey (California) region.  The hotel is located at 400 Cannery Row in Monterey, California and is now operated by Woodside Hotel Group.

California coastal resorts market - Hyatt Regency Long Beach.

Feasibility Study – Hyatt Regency Long Beach

01.11.1999 Project Consultants for the Pacific Rim Region

Hyatt Development Corp.  |  Feasibility study with facility recommendations, for Urban Development Action Grant application in connection with development of the Hyatt Regency Long Beach.

 

As redevelopment consultants, a market study and financial projections were prepared to accompany client’s application for Urban Development Action Grant (UDAG) funds, as part of developing this major convention hotel to be located in redevelopment project area in downtown Long Beach.

 

The 528-room Hyatt Regency Long Beach Convention Center at the time was a proposed lodging development to be located in a redevelopment project area along Shoreline Drive in the heart of downtown Long Beach.

 

Planned Community Consultants

Pleasant View Planned Golf Community

01.11.1999 Golf course redevelopment and adaptive re-use, Land Development Consultants, Master Planned Community Developments, Project Feasibility Consultants

CUNA Mutual   |   Project master planning consultants and conceptual designer for master-planned community with golf course.  Market study, housing product evaluation, and financial projections, along with master plan for residential golf community in Middleton (Madison), Wisconsin.

 

Pleasant View Golf Community was a planned joint venture of two of Wisconsin’s leading financial services organizations. At build-out the master-planned golf community would include 1,300 residential units and an 18-hole championship-calibre golf course. Initial golf course routing was completed by Jack Nicklaus Design for integration with overall land development planning.

 

A business plan for the development project was prepared, including a detailed market assessment, supply/demand study, and recommended residential product array. Sales absorption, phasing schedules, and infrastructure routing were critical aspects of the work effort for the client.

 

Unlike other cities of its size (approx. 17,000 population), Middleton features the amenities and activity of much larger cities while maintaining its own unique small town charm with friendly and spirited people. Middleton benefits from close proximity to Madison and the University of Wisconsin, which has helped Middleton to become home to high-tech, biotech, pharmaceutical, medical research and agri-businesses as well as emerging and expanding commercial enterprises.

 

Hotel Development Consultants - Due diligence consultants

Huntington Hotel Pasadena

19.08.1982 Due Diligence Consultants, Hotel Development Consultants, Project Consultants for North America, Property inspection services

Feasibility study for required capital improvements program related to the Huntington Hotel Pasadena (subsequently rebuilt as the Ritz-Carlton Hotel Pasadena, now The Langham). The hotel, owned by a major Japanese investment and development organization, was determined to require major life-safety (earthquake reinforcement) upgrades as well as wide-ranging improvement to guest areas including rooms and restaurants.

 

Our hotel consulting work included a market study, financial projections, capital improvements budget review, and an investment performance evaluation to justify required capital items. The objective was to determine the overall feasibility of various disposition, reconstruction, or substantial renovation alternatives in connection with a pre-litigation evaluation of Owner’s options.

 

Hotel later rebuilt as the Ritz-Carlton Huntington Hotel.

 

Feasibility Study for Affordable Housing Project

Feasibility Study for Affordable Housing Project

19.08.1981 Due Diligence Consultants, Public Sector Work, Redevelopment Project Consultants

Feasibility study for affordable housing project then known as the Rodeo La Cienega Redevelopment Project Area (Cameo Woods) in Los Angeles, California.    Our work as local government real estate consultants included a market study with financial analysis, along with select due diligence review, for the proposed condominium conversion of a 384-unit rental housing community.

 

The developer for this 27-acre redevelopment project was Hotel del Coronado Corp. (San Diego).   The Community Redevelopment Agency of the City of Los Angeles was the public agency involved with this affordable housing initiative.  The Community Redevelopment Agency of the City of Los Angeles was a local community redevelopment agency that financed and assisted in the development of multifamily affordable housing using local tax monies and federal community development grants. The State of California dissolved all such community redevelopment agencies in June 2011.    When it was first established in 1948, the Community Redevelopment Agency of the City of Los Angeles was dedicated to revitalizing, refurbishing, and renewing economically depressed areas of the City of Los Angeles.

 

Our project feasibility study was used to support the financing for the project, provided through the State of California SB-99 mortgage revenue bond program.   California law in the 1980’s authorized both state and local governmental entities to issue tax-exempt mortgage revenue bonds (“MRBs”).   The proceeds from the sale of these bonds was used to provide financing for the development of housing at interest rates that were below prevailing market rates.   At the time, State law generally restricted availability of this subsidized financing to low- and moderate-income households.

 

Subsequent to our feasibility study for this affordable housing project the SB-99 mortgage revenue bonds were issued and the developer proceeded with the condominium conversion of the former apartment community.   The residential community is situated adjacent to the region’s Baldwin Hills community.

 

Local Government real estate consultants for affordable housing

Our work with local governments includes real estate consulting in connection with affordable and workforce housing programs.

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