Feasibility Analysis, Development Programming, and Entitlement and Transaction Support for the Redevelopment of the Mother Guerin High School Property

Clients: Noah Properties and Environmental Protection Industries A development team of Environmental Protection Industries and Noah Properties engaged Gruen Gruen + Associates (GG+A) to assist the team with obtaining entitlements and financial incentives for the redevelopment of a closed former Catholic high school on about 22 acres of land in River Grove, Illinois. The ultimate… Read More

Real Estate Economic Analysis of Workforce Housing Development Options for County-Owned Properties

Client: County of Santa Cruz Santa Cruz County owns properties on which it has administrative offices and from which it provides services. Portions of these properties could be potentially used to develop workforce housing for county employees or other workers employed by public sector entities such as local schools, municipalities, or fire districts. Santa Cruz… Read More

Market Analysis for the Proposed Habitat Modular Housing Production Plant in Rifle

Habitat for Humanity® of the Roaring Fork Valley (Habitat) plans to build and operate a 65,000-square-foot modular housing production facility on 10.5 acres of land leased from the City of Rifle. The facility will manufacture modular housing units for Habitat-sponsored projects and for sale to third parties, exclusively for use in “deed-restricted” affordable workforce housing… Read More

Evaluation of TIF Incentives Needed to Support the Feasible Adaptive Reuse of Two Office Buildings into Residential Units

Client: The Prime Group The Prime Group retained Gruen Gruen + Associates (GG+A) to complete an analysis of the proposed adaptive reuse of office space into 280 apartment units and 6,900 square feet of ground floor space at 208 South La Salle Street and 349 apartment units and 6,000 square feet of ground floor commercial… Read More

The Effects of Affordable Housing Requirements on Financial Feasibility of Multi-Family Development Alternatives in Wilmette

Client: Village of Wilmette The Village of Wilmette engaged GG+A to evaluate the effects of affordable housing requirements on the financial feasibility of multi-family development in the Village Center of Wilmette. GG+A prepared development prototypes for a one acre “test site” ranging in scale from a four-story building with 74 multi-family rental units to a… Read More

Potential Feasible Uses for the Redevelopment of Fire Station 61 and Development and Financing Strategy

Client: City of Rancho Cordova The City of Rancho Cordova owns a vacant parcel of land of approximately 35,000 square feet on Folsom Boulevard. Adjoining the City-owned parcel is the Sacramento Metropolitan Fire District (“Fire District”) Station 61 located at 10595 Folsom Boulevard. The Fire District property includes five buildable parcels located behind the Station… Read More

Land Use Scenario Planning Study

Client: City of Glenwood Springs (CO) The City of Glenwood Springs engaged GG+A and its subcontractors, SGM Engineering and The Land Studio, to provide an information base and an objective economic analysis to facilitate trade-off decisions about future uses of the Glenwood Springs Airport property. The City-owned Airport property and adjoining city-owned property consists of… Read More

Real Estate Analysis and Recommendations for Enhancement of Downtown Grand Forks

Client: City of Grand Forks (ND) GG+A completed an inspection of Downtown Grand Forks and in-person interviews and focus panels with merchants, restaurant and bar/night club owners and managers, financial institutions, large employers, professional service providers, economic development and planning professionals, Downtown property owners, real estate developers, and real estate brokers as well as community… Read More

Market Research, Real Estate Financial Feasibility and Valuation Analysis, and TIF Advisory Services

Client: Village of Sugar Grove (IL) A developer, Crown Community Development (“Crown”), proposed developing approximately 454 acres of land in Sugar Grove for industrial uses. Crown provided a forecast of the anticipated build-out of the project and a request for a considerable TIF subsidy to the Village of Sugar Grove. The Village retained Gruen Gruen… Read More

Market and Real Estate Economic Analysis of the Brookfield Square Mall / Executive Drive Redevelopment Area

Client: City of Brookfield (WI) The City of Brookfield (WI) engaged Gruen Gruen + Associates (GG+A) to conduct market research and real estate economic analysis to determine if the Brookfield Square Mall/ Executive Drive Redevelopment Area could support the amount of land use products specified in the Brookfield Square Mall/ Executive Drive Redevelopment Plan prepared… Read More

Analysis of 38th and Kipling Redevelopment

Client: Renewal Wheat Ridge The City of Wheat Ridge Urban Renewal Authority, Renewal Wheat Ridge, engaged Gruen Gruen + Associates (“GG+A”) to complete an analysis of a 6.3-acre redevelopment at 38th and Kipling and to evaluate the need for subsidies requested by the developer. The development was proposed to include a 27,000-square-foot Sprouts grocery store,… Read More

Analysis of Class 7(B) Incentive to Support of Adaptive Re-Use

Client: Baker Development Corporation Baker Development Corporation was in the midst of renovating and adaptively reusing a 100-year-old vacant manufacturing building on 1.1 acres of land at 2017 North Mendell Street in Chicago, Illinois into 52,000 square feet of creative loft office space when it experienced unanticipated cost increases. Baker Development Corporation retained a property… Read More

Real Estate Economic Analysis of Drexel Town Square Redevelopment Proposals

Client: City of Oak Creek (WI) Gruen Gruen + Associates (GG+A) was retained by the City of Oak Creek to evaluate development proposals for Drexel Town Square and provide negotiation assistance. GG+A reviewed the development cost estimates for the proposed multi-family and retail developments; operating projections and investment parameters of the proposed developments; and prepared… Read More

Assessment of Park Rapids Armory Re-Use

Client: RDG Planning and Design RDG Planning and Design retained GG+A to assess the potential cash flow generated for the adaptive re-use program for the 24,000-square-foot Armory Building in Downtown Park Rapids, Minnesota. GG+A was also asked to identify the nature of community benefits that may result from occupancy and operation of the project. To… Read More

Real Estate Economic Analysis of Use Options in Southern Scottsdale

Client: City of Scottsdale As strategic input into the preparation of a specific plan for Southern Scottsdale, the City of Scottsdale retained GG+A to evaluate the real estate economics of existing uses and prototypical development and redevelopment alternatives under existing and potential changed or new zoning, subdivision, and other regulations governing the use of land.… Read More

Real Estate Economic Analysis of Zoning Options for Northfield Road

Client:  Village of Northfield (IL) GG+A was retained by the Village of Northfield to identify for the Northfield Road corridor the real estate economics of representative existing conditions and prototypical development alternatives given current zoning designations and alternatives to current zoning designations. GG+A drew inferences from a synthesis of the real estate economic analysis about… Read More

Real Estate Economic Analysis to Assess Impacts of Affordable Housing Ordinance on Developing Rental and For-Sale Housing

Client:  City of Davis (CA) The City of Davis retained GG+A to conduct real estate economic analysis of rental and for-sale housing development alternatives to assess the impacts of the City’s affordable housing ordinance on the feasibility of development. GG+A evaluated the economics of five different for-sale product types and three affordable housing scenarios to… Read More

Real Estate Economic Analysis of Downtown Redevelopment Alternatives

Client: Roseville (CA) Community Development Corporation Gruen Gruen + Associates conducted real estate economic analysis of prototypical redevelopment alternatives or potential development projects located on four sites in Downtown Roseville and prepared a report summarizing the results of the following: • An evaluation of the current real estate economics that apply to the type and… Read More

Financial Analysis and Negotiation Support for Redevelopment of San Diego DMV Site

Client: State of California, Department of General Services, Real Estate Services Department GG+A was engaged by the State of California Department of General Services, Real Estate Services Department, to provide analysis and negotiation support for the redevelopment and ground lease of a 6-acre site in the Hillcrest neighborhood of San Diego currently occupied by the… Read More

Market Analysis, Real Estate Economic Analysis, and Negotiation Support for Re-use and Disposition of Surplus Property

Client:  State of California Department of General Services, Real Estate Services Division, Asset Planning and Enhancement Branch GG+A served as the market and real estate economic analyst on a multi-disciplinary team engaged by the State of California Department of General Services, Real Estate Services Division, Asset Planning and Enhancement Branch to prepare a plan for… Read More

Market and Financial Evaluation of West Village Center Development

Client:  Village of Wilmette (IL) GG+A was retained to review and evaluate developer proposals for the 1.7-acre West Village Center.  The developer evaluation was directed toward identifying a preferred developer who would have the capacity to select and implement a development program likely to be sustainable over the long run and create spill over benefits… Read More