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