Real Estate Advisory Services - Archives

Repositioning of Office Complex Retail Podium

Paramount Group Inc. REIT | StoneCreek Partners was retained to provide real estate advisory services in connection the repositioning of this office complex’s retail podium. The repositioning program consisted of a $40 million capital spend that would re-position the 60,000 SF retail podium for this landmark office building.

The complex, One Market Plaza, features two high-rise towers on top of a six-story office building, a two-story subterranean and parking garage. The historic 11-story Southern Pacific Building, also known as “The Landmark”, was completed in 1916, and incorporated into the development in 1976. Situated prominently along the San Francisco Bay, the office and retail complex comprises an entire city block between Market and Mission Street and Steuart and Spear Street.

The Pavilion Event Space at One Market Plaza is one of San Francisco’s premier event venues. The Pavilion Event Space is made available for special events in this dramatic space. In addition, there are two landscaped patios on the 7th Floor with sweeping panoramic views of the Bay.

The Scope of Work for StoneCreek Partners included review of market support from nearby financial district employees and visitors, re-tenanting mix, guest circulation retrofits, and related subjects. The repositioning of this office Complex’s retail podium has since been completed.

Real Estate Advisory Services - master land use planning consultants

Land Development Consultants for Resort

Land development consultants for resort planned for the Big Island of Hawaii. Our consulting work for North Kohala Ranch included a market evaluation, the project feasibility analysis, built product concepts, conceptual master planning, and initial entitlements strategy.

The big idea for the project was a master-planned resort with substantial wellness facilities, golf, and extensive outdoor recreation activities. Recommendations included a 240-room main resort along with residential development overlooking Māhukona Harbor. The harbor is actually an abandoned commercial harbor used by the Kohala Sugar Company.

For this work we acted as land development consultants for for this resort was on behalf of Chalon International of Hawaii. In December 1988, Chalon International of Hawaii (Chalon Hawaii) had been established as a subsidiary of Chalon Corporation, a Japanese company.

This former commercial harbor for Kohala Sugar Company was part of an extensive sugar cane farming and production operation.

The North Kohala district is the portion of the Big Island (a/k/a Hawaii County) at its extreme north tip, the region where Kamehameha the Great was born. This part of the Big Island is known for its scenic valleys, its ranching culture and the Paniolos (Hawaiian cowboys), and extensive role in Hawaiian history. During the initial environmental review of the landholding, more than 11,000 archaeological and historic sites were identified. Our work as land development consultants for resort concepting and development included consideration of such sensitive cultural and historical sites of the indigenous Hawaiians.

The scenic valleys created by Kohala volcano were extensively cultivated in ancient times, where the valleys were terraced for farming with ditch irrigation systems that brought water from mountain streams to crops such as taro, sweet potatoes, and bananas.

Chalon Hawaii (later renamed Surety Kohala) was formed to acquire, own and develop the vacant land of Kohala Land, which at the time consisted of about 19,384 acres. The majority of Kohala Land’s property was zoned at the time, for agriculture. Kohala Land property had been used for sugar cane production for a century or more until 1975 when the primary facility (Kohala Sugar Company) was closed. After the cessation of sugar cane operations there were no major activities on the land, which was left vacant.

Feasibility and Due Diligence Consultants

Marina Plaza Senior Housing

30.08.2014 Real Estate Advisory Services -, Real Estate Consultants, Senior Housing Feasibility and Facilities Consultants

Market study with capital budgeting and financial projections, for proposed senior independent living apartments to be developed in Marina del Rey, California. Project site subject to ground lease with County of Los Angeles.

Feasibility Study for Mixed-Use Urban Infill Project

15.06.2014 Experience with C-Store Fueling Stations, Mixed-Use Development Consultants, Real Estate Advisory Services -

Feasibility study for mixed-use urban infill project envisioned for a key intersection in the Hollywood community of Los Angeles, California.

The market study with financial projections and facility recommendations for the proposed mixed-use development included an office tower, hotel, and ground floor retail stores. Various schemes were evaluated including one version featuring a prominent c-store fuel station.

The project to be located at well-known Los Angeles intersection of Sunset Boulevard and N. La Brea boulevard, in what is now the City of West Hollywood. This intersection and this part of greater Los Angeles, experiences particularly high auto traffic. The project of Goldrich & Kest Industries LLC was not pursued at the time.

Development Consultants for Resort Hotel

01.08.1981 Hotel Development Consultants, Real Estate Advisory Services -

Development consultants for resort hotel project in California, in the Buellton (Solvang) area of the Santa Ynez Valley. Our work included a market and financial feasibility study for the project, with facility and branding recommendations. Meeting space recommendations called for approximately 15,000 to 17,500 SF of space, later designed at built at 14,750 SF.

The work product was prepared to support the financing of this to-be-built resort hotel. The largest feasibility question for the project was its potential market capture given its location just outside the major concentration of Solvang hotels. Despite being outside the Solving central business district, hotel project was to be situated with substantial visibility and adjacency to Interstate 101, one of two major entries to the Solvang tourist district.

Our work here as hotel project development consultants included lodging brand “flag” alternatives for this 175 to 200 room property, for owner consideration. The initial assessment at the time, was that the potential guest demographic and hotel operator reservations system, was best met with the Holiday Inn brand.

The Buellton area is situated just west of the scenic themed Danish community of Solvang, California. Both communities are located in the Santa Ynez Valley region of Santa Barbara County, a closely-controlled urban growth area.

Following our here as hotel development consultants for this resort hotel, the hotel was developed and opened as a 163-room Holiday Inn, and later re-flagged as a Marriott Hotel. The property is located at 555 McMurray Road in Buellton, California.