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Marne-la-Vallée Master Plan

Marne-la-Vallée Master Plan

The Marne-la-Vallée master plan was part of an overall new town economic development plan to relieve urban development pressures on Paris.  Our work noted here was conducted by a predecessor company in which our co-founder was a partner.   Our work in connection with the Marne-la-Vallée master plan included the land use planning and strategic business planning support for client Walt Disney Co.

 

The strategic business planning work included product concepting and financial analysis for various sections of the master land use plan, including specific feasibility issues raised by client’s  strategic planning department.  Work performed also included overall land development consulting analysis such as land residual valuations – a means of depicting build-out value for various master plan and build-out scenarios, as well as financial studies of alternative routings of planning golf course facilities.

 

Marne-la-Vallée is a new town, an economic development strategy for the greater Paris region of France.   It is about a 50-minute drive (by auto) from the center of the Marne-la-Vallée new town master plan which includes Paris Disneyland, over to central Paris (at or about Pont Neuf).   By metro the trip is about one-half the time by automobile.  The Marne-la-Vallée project was one of five new towns envisioned in the early 1960’s, and emerged among these other concept new towns as the largest.

 

The new town was intended to take some of the urban development pressure away from Paris and place a new focus in a new location.  Paris Disneyland was the business “anchor” for propelling the start and growth of the new town region.   From a population of Marne-la-Vallée has a current population of more than 280,000 residents.  The Marne-la-Vallée master plan called for a potential of 500,000 residents at full build-out.

 

Other major institutions that located in this new town include Université Paris-Est Marne-la-Vallée and École des Ponts ParisTech, among numerous others.  The Descartes Cluster is also situated in Marne-la-Vallée new town, the largest concentration in France of research centers (50+), higher education organizations and businesses involved in green technologies and city sustainability.

 

The master planning process for Paris Disneyland (then Euro Disneyland) was comprehensive and wide-ranging. Disney’s overall project included master-planning of a major regional theme park and themed entertainment district in the vicinity of the theme park.

Valencia MPC Retail

Newhall Land & Farming Co.  |  StoneCreek Partners was retained by a division Marketing Dept. of this major land development company to provide advisory services in connection with ongoing business planning efforts. A focus of the work was the build-out of the retail portfolio of neighborhood and community shopping centers.

 

The project focused on application of business planning methods to support planned levels of more comprehensive future land development, including builder land residual analysis, methods of consolidating financial data for multiple projects, and aspects of financial reporting to senior management.

 

Each potential shopping center location within the master planned community, was evaluated for center type (neighborhood, community, regional, power, etc.) as well as for key anchors at each location.  Key anchors included grocery stores and c-store gas stations, among other key uses.

 

Valencia is located in the northwestern corner of the Santa Clarita Valley, a part of Los Angeles County in Southern California. In 1987, it was one of the four communities (along with Saugus, Newhall, and Canyon Country) that merged to create the city of Santa Clarita, California. Valencia was planned and developed over several decades starting in the 1960’s by The Newhall Land & Farming Company. Valencia’s master plan features paseos which allow a resident to travel around the entirety of Valencia without having to cross streets.

 

Opportunity Zone Consultants

Burton Station Urban Village

As real estate consultants for project feasibility, StoneCreek Partners provided feasibility analysis, a conceptual site plan and rapid-prototyping massing study, and business plan for proposed mixed-use urban village to be developed on infill properties in Virginia Beach, Virginia. Components of the urban village to include office space, main street retail, hotel, senior living, and for-sale housing.

 

In addition to the subject Project, the neighborhood in which the Project is situated continues to be a major focus for redevelopment and regeneration, for developments featuring for-sale housing, apartments, and shopping facilities.  One of the more recent developments in the neighborhood is Norfolk Premium Outlets, a Simon Property development which opened in June 2017.    A new regional IKEA store is now in development in close proximity, further enhancing the regional retail draw of the Project’s immediate neighborhood.

 

The Project site is well situated within the Hampton Roads region, just off the Hampton Road Beltway (Interstate 64).    The Hampton Road Beltway is the primary transportation route through the Hampton Roads region.   Hampton Roads refers to the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area, which includes the cities of Virginia Beach, Norfolk, Chesapeake, Hampton, Newport News, Portsmouth, Suffolk, Poquoson, and Williamsburg.   The resident population of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area ranks among the top 50 metropolitan areas of the U.S.

 

Caribbean Development Project Consultants - Due Diligence for Resort Acquisition

Due Diligence for Resort Acquisition

Newfield Enterprises International  |  Due diligence for resort acquisition, involving a master-planned golf community in development in Lovenlund (on St Thomas) in the U.S. Virgin Islands (“USVI”).  The due diligence was prepared on behalf of an international family office (based in Riyadh) considering an investment in, or outright acquisition of the property.

 

Our due diligence work for this resort acquisition included a review of historic operating results, the appeal of the community’s residential product to buyers, repair and maintenance issues, and staffing matters.   A forecast of expected operating performance was prepared, along with a budget for upgrading the property to assure continued first-class operations.

 

The Mahogany Run Golf Course that was one component of the prospective acquisition, had been completed in 1980.   The course enjoyed a top reputation with its design by George and Tom Fazio.   At the time  of the due diligence, Mahogany Run was the only golf course on St. Thomas island.  Another interesting feature of the property is the historic Old Stone Farm House Restaurant, situated in a restored farm building on the 300-acre former Lovendahl (Danish) sugar plantation.

 

Lovenlund is a settlement near Magens Bay on the north side of the island of Saint Thomas.  St. Thomas along with Saint John, and Saint Croix, form a county and constituent district of the USVI.

 

 

 

Due Diligence for Resort Acquisition

 

Feasibility Consultants for Planned Community

Feasibility Consultants for Planned Community

Feasibility consultants for planned community in San Bernardino County, California, as part of the project’s master-planning design team.

 

The site of the former Greenspot Ranch is a 1,046-acre planned community featuring 2,045 units of single family, condominium, and detached residential, commercial and 27 hole golf.  An equestrian area was also included in the overall master land use plan.   A planned unit development located at cross streets, Newport Avenue and Emerald Avenue.

 

As project feasibility consultants for this planned community, our work was part of ongoing master-planning and entitlements.   Specific financial analysis also evaluated the residential land value yield on specific enclaves of the development, estimating net margins that could be achieved in pad sales to end-builders.  Our work for this client was part of our land development consulting practice at the time, during the halcyon days of master-planned community development in the U.S.

 

The project was related to what was then known as the East San Bernardino County Water District, the name was changed to East Valley Water District in 1982. An annexation in September 2000 increased the District’s service area by 3,228 acres and included the Greenspot Ranch Area.

 

During the process of initial planning and securing overall land use entitlements, the project was purchased by Landmark Land Co., a New Orleans land developer.  Our work as feasibility consultants for this planned community, as well as the overall master-planning and entitlements, were competed prior to the sale to Landmark Land Co.

 

Landmark Land was a high-profile golf community developer with extensive landholdings and properties throughout the Western U.S.    Following a probe by the U.S. Securities and Exchange Commission, Landmark Land filed for bankruptcy protection and its affiliated savings and loan (“S&L”) was seized by regulators.

 

The seizure of Landmark Land’s S&L interests was part of somewhat forgotten major meltdown within the U.S. financial services industry.  Between 1986 and 1995, some 1,043 out of 3,234 savings and loan associations in the U.S., failed.  Before the crisis was concluded, the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions, and the (then) newly established Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions.

 

 

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