P      I      N      D      Ʌ      R


 Role:  Development Manager 

 Outcome:  Completion one month ahead of schedule and $125,000 under budget.

ThereTM

   1989

Type:  Medical Treatment Center

           New Construction


Cost:  $6,000,000(1) 


Status:  Completed 1991


Of Note:

  • Denver public drunkenness intake facility. 
  • High intensity medical treatment center running 24/7.
  • It is a "lock down" facility; no unescorted entry or exit.    
  • Because of perception no neighborhood wanted it. 
  • We found a neighborhood that understood operation and the impact of 50 highly paid medical staff.
  • Because of the poor economy we had to find a contractor to self finance it.  Hensel Phelps Construction did - for the first time in their 53 year history.
  • The previous location had to close for environmental issues. 


Recognition:

  • Denver Regional Council of Governments,                   Public-Private Partnership Awards:  First Place



Details

  • 38,000 s.f. special purpose medical treatment center
  • Adjacent surface parking


Investment Overview

  • "Develop to Suit" Transaction via Tri-Party Agreement
  • General Contractor Funded Design-Build Construction Contract
  • City of Denver issued Certificates of Participation takeout


Neighborhood:  Golden Triangle

  • Entry: Run down fringe of downtown Denver notable primarily for abundance of surface parking lots for office workers in downtown core.  
  • Impact:  The majority of surface parking lots have been replaced with new projects; from lofts to museums to municipal facilities and the neighborhood has come into its own as a destination.  Poetically, the restaurateur who championed the revival of the neighborhood and led the support for the facility sold her restaurant to a hipster bar after 28 years of operation as a result of the transformation of the neighborhood.  
  • Legacy:  Stage II >> Stage III neighborhood transformation
"C.A.R.E.S. GETS NEW HOME.  BUILDER JUST SAID YES TO ALCOHOL DETOXIFICATION CENTER, FINANCED IT AND FINISHED CONSTRUCTION EARLY, UNDER BUDGET." 

                                                                                                                                                                                   Rocky Mountain News

 Denver c.a.r.e.s.

   Denver, CO (Golden Triangle)

 mcmillan reservoir redevelopment

   Washington D.C. (McMillan/Brookland/Eckington)

"Respect the genius of a place."


                         - Frederick Law Olmsted, 
                            Father of American landscape architecture

ThereTM

   2004

All Information at time of completion/opening/repositioning or realization of Asset/Investment. (1)  All Cost/Value references are in year completed adjusted to 2014 by CPI index.  (2)  Projects/Investments referenced are PINDAR or involved PINDAR key personnel as Principal/Project Executive or Project Manager at a previous company.                     

 Role:  Co-Development Manager(2) 

 Outcome:  tbd

Type:  Medical Office/Retail/Rental/

            Urban Townhome/

            Community Center/Park

           New Construction/

            Adaptive Reuse


Cost:  $700,000,000(1) 


Team: 

  • Medical Office Developer
  • Residential/Retail Developer
  • Urban Townhome Developer
  • District of Columbia as Master Land/Park & Community Center Developer


Status:  Seven Years into projected

              Nine Year Entitlement

              Period (as of Q2 2014)


Of Note:

  • Site is a deteriorating, decommissioned municipal water treatment facility.
  • The perimeter walkway and adjacent reservoir grounds were designed by the son of famed landscape architect Frederick Law Olmsted.
  • Unreinforced concrete underground cells; some starting to fail. 

Type:

Details

  • 2 Million s.f. mixed use new neighborhood redevelopment on vacant 24 acre site
  • 1.2MM s.f. Medical Office
  • 100K Neighborhood Retail
  • 600 Apartments including Affordable Senior
  • 200 Urban Townhomes
  • New Community Recreation Center
  • New 6+ Acre Neighborhood Park
  • Surface, private and multi-level below grade parking
  • Public-Private Partnership with the District of Columbia


Investment Overview

  • Three GP's sponsoring respective investments
  • D.C. Property Tax Relief and Infrastructure & Affordable Housing subsidy


Neighborhood:  "New McMillan"

  • Entry: Fenced off decommissioned, deteriorating industrial site. 
  • Impact:  A new neighborhood will be borne, in its entirety, with the project providing a "third place" for an underserved neighborhood.  
  • Legacy:  Stage II >> Stage IV neighborhood transformation projected
"REDEVELOPING McMILLAN IS THE ONLY WAY TO SAVE IT." 

                                                                                                                                                                             Greater Greater Washington

The Bank Lofts

Denver, CO