Celebrating Client Achievements in 2023: Success in Real Estate, It's a Long Game
Showcasing specific client achievements in 2023 is difficult due to the fact that all our clients experienced varying degrees of success during this past year.
In 4th quarter 2023, the Derby, KS, Planning Commission and City Council approved Wichita, KS-based Garvey Ventures plan to build Greenwood Village, mixed-use development on 154-acres in this Wichita suburb. The plans are to develop a walkable, master planned mixed-use community that align with the Vision Derby 2024 Comprehensive Plan. We conducted analysis on the market supportability of the mixed-use project and prepared a set of development strategies based on the findings. Congratulations to the team, and thank you, Tim, for involving us at the very beginning of this project. (Read more in this Wichita Business Journal article.)
In July 2023, Colorado-based LiveForward Development and Texas-based Stayble Real Estate were preparing to go before the Planning Commission and City Council for the City of Louisville in Boulder County, CO, to seek rezoning of about 2.5 acres within the Highway 42 Urban Renewal area. We provided the mixed-use market supportability analysis used in the rezoning application package. The Planning Commission approved the rezoning at their September 14, 2023, public hearing. Congratulations to Tim and Scott Kilkenny, Partners of LiveForward Development, and Hunter Floyd and Nick Coker, Partners of Stayble Real Estate. Thank you for involving us on your team! (Read about the project on the City of Louisville website.)
In 2023, CIM Group and Centennial Yards saw significant progress toward this major mixed-use development of 50-acres off of Downtown Atlanta, known as “The Gulch”, and adjacent to the Mercedes Benz Stadium and State Farm Arena. New residential, luxury hotel properties were delivered as well as strong demand by retailers and restaurants to sign leases ahead of the 2026 FIFA World Cup. Our contribution was an extensive demand analysis of consumer spending potential that is being used by the leasing team. Much continued success to the team and investors involved in this significant development! Thank you Nick Garzia and Brian McGowan for the opportunity. (Read more about Centennial Yards in this Bloomberg article.)
We have been working with Cincinnati-based North American Properties on the Riverton mixed-use master planned development in Sayreville, NJ, since 2017. In December 2023, the New Jersey Economic Development Authority awarded $400 million in tax credits for this $2.5 billion project. We provided the economic impact analysis and other tailored market reports used in the application to the Aspire program. Congratulations to Kevin Polston, North American Properties, and the entire team involved in this major event. Thank you, Kevin, for our involvement on the team! (Read more in this Home News Tribune article.)
Our collaboration with Omaha-based Jasper Stone Partners on Avenue One, a 200-acre mixed-use master planned neighborhood in West Omaha, began in 2015. In September 2023 a development partnership was formed between Jasper Stone and Memphis-based Poag Development and JLL, the leasing partner. Together this partnership will create a lifestyle retail mixed-use development on about 80-acres at the SEC of West Dodge and 192nd. We led this process for Jasper Stone Partners to identify a retail development partner and could not be more pleased with the outcome. Congratulations to the Jasper Stone, Poag Development, and JLL team! And thank you Curt Hofer, Jeff Hofer, Dakoda Kilzer, D.J. Hinman, Josh Poag, and Greg Whitney for our involvement on the team. (Read more in the JLL press release.)
The organizations at the forefront of these initiatives, much like all of our clients, exemplify the timeless wisdom that building wealth in real estate, as in life, is a journey that requires patience. Wishing everyone the achievement of significant milestones on this path!
