To see a sampling of our graduates' development projects, click on the links below, or simply scroll down.
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Aseana One, Aseana City: Manila, Philippines
Buds Wenceslao ’08, Managing Director, Aseana Holdings Inc.
CURRENTLY UNDER CONSTRUCTION: Aseana One is the first of four commercial projects in the company's flagship development Aseana City. A 12-story office project with 215,000sf gross floor area, Aseana One is designed specifically for the Business Process Outsourcing (BPO) industry. Key features include 100% back-up power, variable refrigerant flow air-conditioning, higher allowances and redundancies of utilities per square foot, and space planning flexibility to attract both BPO and traditional corporate office tenants. The project is transit-oriented, situated near a future stop of the Light Rail Transit extension. Construction of Aseana One began in September 2010, and is scheduled for completion in the first quarter of 2012.
5-11 47th Ave: Long Island City, NY
Brent Carrier ’98, Vice President, Development, O'Connor Capital Partners
A NYS Brownfields Cleanup Program site, this former 1.5 acre manufacturing facility (complete with EPA deed restriction against development) has now been fully entitled for improvement with a 375,000sf, 12-story residential building and graduate student housing facility.
Third and Bond: Brooklyn, NY
Alison Novak ’06, The Hudson Companies Inc., NYC
Alan Bell ’77 (MIT DUSP), Principal, The Hudson Companies Inc., NYC
A blow-by-blow development blog written by developers? It's high time, thought MIT/CRE alum Alison Novak '06. She and colleague David Kramer, principal with New York's Hudson Companies (where MIT DUSP alum Alan Bell '77 is also principal), are penning weekly posts on the company's latest Brooklyn project -- a 44-unit townhouse development at 111 Third Street. Called "Inside Third and Bond," the postings appear on www.brownstoner.com, a popular NYC real estate blog, and are following the project through demolition and design to opening day. Brownstoner editors asked Alison and David to bring just two things to their blog: "total transparency and a thick skin." Visit Inside Third & Bond.
Broadstone Sterling Village: Vallejo, CA
Mark Dunne ’88, Senior Vice President/Managing Director, Boston Capital Real Estate Partners
Daniel P. McCadden ’96, Partner/Managing Director, Alliance Residential Company
Broadstone Sterling Village is a new 186-unit multifamily Class A rental development on a 6.78 acre site (formerly a bowling alley and a movie theatre) offering luxury apartment homes with a state-of-the-art Resident Clubhouse. The deal was facilitated by two alums with companies on opposite coasts — Daniel P. McCadden (’96), Partner and Managing Director of Alliance Residential Company, the developer, and Mark Dunne (’88), Senior Vice President and Managing Director of Boston Capital Real Estate Partners, the equity provider — demonstrating the valuable partnerships that can form between MIT/CRE grads. See photo essay .
The Spire: Denver, CO
Randy Nichols '89
This $175 million, 41-story project will be the tallest residential tower between Chicago and Las Vegas when compled in 2009. Standing 483-feet tall and including 503 condos with 10-foot ceilings, and 602 covered parking spaces, the Spire will be a "green" building with a Leadership in Energy and Environmental Design (LEED) designation.
66 Leonard: New York, NY
Brent Carrier '98
A 156,000sf residential condominium conversion in TriBeCa (NYC, NY).
River East: Long Island City, NY
Brent Carrier '98
A 1.5 million sf 960-unit residential condominium project scheduled to break ground in August 2005.
The Villages at Brookside: Bourne (Cape Cod), MA
Jack Dawley, ’92, Principal, Director of Acquisitions and Development, Northland Residential Corp.
Peter Crabtree, ’00, Acquisition Manager, Northland Residential Corp.
In May 2002, Northland Residential Corp. purchased the land and development rights for a 200+ unit golf course townhome community overlooking The Brookside Golf Club in Bourne. Sales and marketing activity at the $70m project has secured 25 purchase and sales agreements valued in excess of $8.0m to date. Link side, 2 bedroom homes, ranging from 1700sf to 2000sf, offered from $350,000, target the empty nester/retiree market. Each cluster of homes is planned to maximize views. Amenities include a Community Center, with pool, clubhouse, post office and practice putting green. Jointly capitalized with The New Boston Fund, a private real estate equity fund, the project is anticipated to be built out over a 4-5 year period and generate investor returns of 29%.
Goodnow Farm: Sudbury, MA
Jack Dawley, '92, Principal, Director of Acquisitions and Development, Northland Residential Corp.
Peter Crabtree, ’00, Acquisition Manager, Northland Residential Corp.
In 2002, Northland purchased Goodnow Farm, a 68 acre Gentlemen's Farm, from its owner who wished to balance his desire to capture the market value of the land with preserving its overall character. The land-use plan blended Conservation Restrictions, Agricultural Restrictions and Restrictive Covenants to protect over 42 acres, or 62% of the original parcel. Although the land plan called for a much lower density than allowed by local zoning, this was largely offset by the increase in market value achieved by designing each parcel so it enjoys a picturesque setting protected in perpetuity. Sales of the thirteen home sites (2 to 12 acres) have established new records ranging from $700,000 to over $1,000,0000. Gross project sales are targeted at over $13,000,000 which will allow investors an IRR of 29%.
Tim Pattison '85, Director of Real Estate Development, Partners Healthcare Systems, Inc.
Robin Berry ‘88 , Real Estate Development Manager, Partners Healthcare Systems, Inc.
Originally the Charles Street Jail, the Liberty Hotel in Boston opened on August 29th, 2007 following an extensive renovation coupled with new construction. The hotel was developed by Carpenter & Company, Inc. on land owned by Massachusetts General Hospital. The building's original granite edifice built in 1851 was innovative for its time, comprising a cruciform-shaped structure complete with a 90-foot central rotunda and cupola. Today the building is home to numerous public spaces linked by historic catwalks. Dramatic features include vestiges of jail cells within the hotel lobby bar, and magnificent oversize windows. A new, adjoining 16-story tower houses the majority of the 298 guestrooms.
South Central Area New High School #1: Los Angeles, CA
Brent Carrier '98
A 310,000sf 2200 student facility in Los Angeles. The first privately developed public high school in the State of California. Won both the AIA and CASH (Coalition for Adequate School Housing) awards for best new pre-construction school in 2001. Completed in June 2005.
Lighthouse Square: Groton, CT
Gregory Hammond '01
Lighthouse Square - Before
Lighthouse Square - After
Once a lowly 30,000 square foot, struggling retail center, Lighthouse Square is now a 35,000 square foot center, anchored by a brand new Walgreens, and is by all accounts the premier retail location in all of Groton, CT.
Cisco Systems New England Development Center (NEDC): Boxborough, MA
Scott Ross '85, Cisterra Partners
The total development program is approximately 2.1 MSF located within 3 properties totaling 350 acres in Boxborough and Littleton, MA. The initial focus has been a 1.4 MSF single campus development in Boxborough. Approximately 750,000 SF has been completed and occupancy will continue through the 2nd quarter of 2003. A grand opening is scheduled for mid-summer.
Scott Ross '85, Cisterra Partners, the planner/developer has been involved with this property over 15 years through virtually every aspect of development. The development plan includes preservation of wildlife habitats for rare species (the site includes a population of rare Blandings turtles and abuts Nature Conservancy land), protection of wetlands, and restoration of natural landscape (part of the site had been mined for sand and gravel). Due to the numerous and varied issues associated with the project, it is an excellent case study on the evolution of a corporate campus from land assemblage to occupancy.
York Mills Gardens: Toronto, Canada
Rob Brown '93, Principal, Generx Inc.
Rob Brown '93 was principal of Generx Inc. when he developed this 90.000 sf food-anchored neighborhood center in 2001. The project recently won an ICSC award. The major tenant is a family-owned upscale grocery which caters to an affluent clientele. The main design feature is a tensioned architectural membrane canopy which provides protection to a 22-foot wide pedestrian walkway.
Embassy Suites Hotel at Centennial Olympic Park: Atlanta, GA
David Marvin '89, Principal, Legacy Property Group, LLC
David Marvin '89, Principal of Legacy Property Group, LLC, developed this 321 room hotel in downtown Atlanta. The $50 million, 350,000 sf facility opened in June 1999. It was a joint venture with Promus Hotel Corporation, with a Ruth's Chris Steak House franchised restaurant.
Broadstone Enso, Pearl District, Portland, OR
Dan McCadden ‘96, Partner/Managing Director, Alliance Residential Company
Portland's Pearl District is getting a new mixed-use housing project designed and developed as a luxury apartment complex. Located at Northwest 14th Avenue and Lovejoy Street, Broadstone Enso is a six-story, 152-unit project that will feature a courtyard, fitness center, and an adjacent club room with wine storage, as well as 9,000 square feet of retail space on the ground floor. The design of the complex includes metal-clad skin, which reflects the Pearl District's industrial past. Completion is set for the first quarter of 2010. Read article in The Oregonian and see Broadstone Enso's marketing packet (pdf, 2.5M).
Penrose Square, Columbia Pike, Arlington, VA
Andrew Gutowski ‘86, Senior Vice President, Carbon Thompson Development
Penrose Square is the redevelopment of a circa 1970 strip shopping center into an 800,000 square-foot transit-orientated mixed-use project (residential, retail, parking). It comprises 299 luxury apartments, a 57,000 square foot Giant Food store, and 40,000 square feet of urban retail and garage parking for 735 cars. The project is required to meet LEED standards, and a portion of the site will be dedicated to the County for an urban town square. Penrose was conceived under Arlington County's innovative "Form Based Code" entitlement process. Construction started in April 2009, and financing was provided by Wachovia and Royal Bank of Scotland. The project will be completed in the 2nd quarter of 2011. More about Penrose Square (pdf, 269K).
Clayton Lane : Denver (Cherry Creek), CO
Randy Nichols '89, President, The Nichols Partnership, Inc.
The Clayton Lane project emerged over a four-year period (2001–2005) from a free-standing Sears store and 650-car surface parking lot into a dynamic 700,000 SF mixed use development. The award-winning project integrated 350,000 SF of retail space with a 200-room JW Marriot hotel, the world headquarters office building for Janus Capital Group (below right), and 25 units of luxury residential on a 9.5 acre infill site. The unifying principal for the project is retail, with high visibility retail spaces featured in every building, all anchored by the new private street called Clayton Lane.
Showcasing the Cherry Creek district with an environment that is authentic, inviting, pedestrian-friendly, and multi-dimensional, Clayton Lane has been recognized by MIT, CU, DU, NAIOP, ULI, and the City of Denver for its contributions to the city.
Alexandra "Sandi" Stroud '02, Senior Associate, JBG Companies
Just over the Potomac River from Washington DC is Rosslyn, a city whose skyline is now fronted by the dramatic Waterview project. Developed by JBG Companies, the Waterview's two sleek 300-foot towers comprise 1,000,000 SF, includeing 625,000 SF of office space, a 154-room boutique hotel, 133 luxury condos, and 900+ parking spaces. See slideshow (pdf, 4.5M).
Patrick Kennedy '85, President, Panoramic Interests
The Bachenheimer Building in Berkeley, CA, is a mixed-use project with 44 residential units and 3000sf of office/retail space. Amenities include high-speed internet access, rooftop gardens, and stacked hydraulic parking lifts. It was completed in 2004 by Panoramic Interests, a Berkeley-based infill development company founded in 1989 by Center graduate Patrick Kennedy '85. His firm focuses on vacant and under-utilized parcels located near major bus and rail transit lines, encouraging greater use of mass transit.
Gaia Building: Berkeley, CA
Patrick Kennedy '85, President, Panoramic Interests
The Gaia Building is a 91-unit, mixed-use project that was completed in 2001.
Artist Space Initiative: Boston, MA
Peter Roth '85, President, New Atlantic Development Corporation
New Atlantic was designated developer by the Boston Redevelopment Authority to redevelop three urban renewal parcels in the South End for a mixed-use project including artist studios and gallery space, affordable artists' live/work space, and market rate condominiums. This project represents the first public land disposition related to the Mayor's Artist Space Initiative. It's a really interesting and unusual project, and Peter is very excited to have won the competition.
ARTech Building: Berkeley, CA
Patrick Kennedy '85, Principal, Panoramic Interest
The ARTech Building is one of a series of apartment buildings Patrick Kennedy has built in Berkeley over the past 14 years. Like the others, it includes low-income units. In this case, 4 of the 21 units are 'very-low income." Buildings feature high-speed internet access, rooftop gardens and stacked hydraulic parking lifts. Commercial tenants in this building include the Bohemian Cafe on the ground floor and offices occupying a total of 6,000 sf. It received an Excellence in Design Award from the Downtown Berkeley Association.
Marina Village: Boynton Beach, FL (near Palm Beach)
Carlos Rosso '01, Project Manager for The Related Group
Marina Village is a 350-unit waterfront mixed-used condominium project on the Intracoastal Waterway. It includes 12 town houses on its own marina in addition to the two towers and mid-rise buildings. Its design and broad decks and walkways will make it feel like a self-contained neighborhood, as well as inspiring a casual friendly atmosphere. The Related Group has done similar projects in Florida, including CityPlace and Moorings at Lantana. Ground breaking is slated for December with delivery of the first units in mid-2005.
Santana Row: San Jose, CA
Anthony Flanagan '91, Chief Development Officer, Western Region, Federal Realty Investment Trust
Santana Row is a one-of-a-kind neighborhood that blends a distinctive mix of living, shopping and dining experiences. Strategically located in the heart of Silicon Valley, Santana Row features 538,000 square feet of luxury, lifestyle and unique retail along with an international array of restaurants. Lofting above the retail pedestal is 501 rental residential units and a 213-room boutique hotel. Santana Row is focused around a 1,500-foot pedestrian-friendly main street with a central park to accommodate outdoor dining and entertainment.
Thornburg Station: Valley View, OH
Patrick Campbell '87, Consultant and Project Manager
Patrick Campbell '87 was the consultant and project manager. The 70,000 square foot, $15,000,000 mixed-use project located in Valley View, Ohio was designed by Peter vanDijk, FAIA (MIT M. Arch, ‘56) a principal in the firm of vanDijk-Westlake-Reed-Leskosky of Cleveland and developed by Frank Sinito. Phase One was completed in the spring of 2002 at a cost of $8,000,000. When both phases are complete, the complex will function as the new town center for Valley View and a recreational hub for the northern portion of the new Ohio and Erie Canal National Heritage Corridor.
Swans Marketplace: Oakland, CA
Joshua Simon '90, Project Manager
Joshua Simon '90 was the project manager for the $15.5 million historic rehab by the East Bay Asian Local Development Corporation. The architect was Pyatok & Associates. The award-winning project which was opened its doors in December, 1999 converted a landmark building in Old Oakland which had stood vacant for 15 years into a complex of restaurants, shops and housing. The building was divided into three buildings around an outdoor courtyard. Tenants include the Museum of Children's Art and a farmer's market plus co-housing units and affordable housing.