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Real Estate Advisory Services - Senior housing consultants

Richmond Senior Village – Project Feasibility

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.

 

 

Opportunity Zone Consultants

Burton Station Urban Village

As real estate consultants for project feasibility, StoneCreek Partners provided feasibility analysis, a conceptual site plan and rapid-prototyping massing study, and business plan for proposed mixed-use urban village to be developed on infill properties in Virginia Beach, Virginia. Components of the urban village to include office space, main street retail, hotel, senior living, and for-sale housing.

 

In addition to the subject Project, the neighborhood in which the Project is situated continues to be a major focus for redevelopment and regeneration, for developments featuring for-sale housing, apartments, and shopping facilities.  One of the more recent developments in the neighborhood is Norfolk Premium Outlets, a Simon Property development which opened in June 2017.    A new regional IKEA store is now in development in close proximity, further enhancing the regional retail draw of the Project’s immediate neighborhood.

 

The Project site is well situated within the Hampton Roads region, just off the Hampton Road Beltway (Interstate 64).    The Hampton Road Beltway is the primary transportation route through the Hampton Roads region.   Hampton Roads refers to the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area, which includes the cities of Virginia Beach, Norfolk, Chesapeake, Hampton, Newport News, Portsmouth, Suffolk, Poquoson, and Williamsburg.   The resident population of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area ranks among the top 50 metropolitan areas of the U.S.

 

Retail-Entertainment Consultants

Hampton Crossroads

Feasibility study with market and financial projections, along with tenant mix, leasing roster, and retail-entertainment programming options.  For an entertainment district adjacent to Hampton Coliseum in Hampton Roads, Virginia.

 

Conceptual site planning, leasing plan, development budget, and business plan for proposed mixed-use retail-entertainment complex adjacent to Hampton Roads Convention Center and Hampton Coliseum, and across the road from the Power Plant retail center along Interstate 64.

 

Mountain Meadows Golf Community

Al-Shehail Group (Riyadh) / Hopkins Development  |  As land development consultants we provided a market study with capital budget estimate and financial projections, for a proposed residential golf community, for McGaheysville, Virginia.   This due diligence and feasibility evaluation was to support the Al-Shehail Group of Companies’ potential investment.  The site for this  to-be-built master-planned residential golf community is situated in rolling meadow lands and foothills near McGaheysville, within the Shenandoah Valley resort destination community near Massanutten Ski Resort.   The 300-acre project includes 420 units in this master-planned golf community.

 

Following the due diligence effort, StoneCreek LLC was retained by the Al-Shehail Group to revamp and fine-tune the project master plan. Objectives included maximization of the housing along 16,900 lineal feet of golf course frontage. Project naming and naming conventions were also reworked, and golf signature holes were configured to minimize and balance on-site grading.

 

McGaheysville is located near the south fork of Shenandoah River in the heart of the Shenandoah Valley.

 

due diligence consultants

Lakeside Shopping Center

Phillips Edison & Company, Inc. REIT  |  StoneCreek Partners provided due diligence consulting  in connection with buyer’s shopping center acquisition, including property inspections, Phase 1 environmental reviews, tenant lease confirms, and rent rollover analysis, for this grocery-anchored community shopping center.   Support of the buyer included preparation of tenant lease abstracts, estoppels, SNDA (subordination, non-disturbance and attornment) provisions, and a review of common area charges (CAM) and vendors, among due diligence items.

 

Tenancies at Lakeside Shopping Center included a typical roster of anchor and inline retail tenants, along with a Kroger Fuel Center (gas station) with limited convenience store offerings.

 

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