IDEA1

Property: Ground up development of 6-story mixed use complex comprised of 298 multifamily units, 7000 SF of creative office space and 6,650 of ground floor retail space in I.D.E.A. (Innovation-Design-Education-Arts) District (www.ideadistrictsd.com) in San Diego’s Upper East Village.

Project Capitalization: $90 Million

Client: Lowe Enterprises and I.D.E.A. Partners

Assignment: Retained to advise the Client in development strategy, valuation, and joint venture equity capitalization

Results:

• Facilitated equity capitalization, venture structuring, marketing presentations and tours with joint venture equity partner
• Formulated investment strategy and conducted entitlement, site, financial and market feasibility
• Created pro forma financial model and recommended target unit mix and market positioning