Client: City of Larkspur
Gruen Gruen + Associates (GG+A) served as real estate, financial feasibility and development strategy consultants to the City of Larkspur. The City requested a feasibility and economic trade-off analysis for two key properties. One of the parcels is located in downtown Larkspur. That City-owned parcel accommodated 28 parking spaces. The City wished to utilize this property to leverage a dynamic mixed use, retail and residential downtown development in combination with a privately owned adjacent parcel. The second property was owned by the Ross Valley Sanitary District and was located off of Sir Francis Drake Blvd. The Sanitary District operation had been closed for several years. The question we were asked was what type of mixed use (office, retail, and/or visitor) development could be profitably developed on the Sanitary District site. One of GG+A’s primary tasks was to estimate supportable land values for alternative uses and densities. Throughout this process we served as strategic economic advisors to the City and their consulting planner.