projects.

Hope & Main- a Culinary Business Incubator

program: Adaptive reuse of a 1930's vacant public school building into a series of commercial kitchens, classrooms, a food processing center for local farmers and fishermen, business and marketing offices, event space, year-round town/farmer's marketplace on grounds. 

role: Business planning; research; strategy; economic analysis; stakeholder input; budget and pro forma creation and management; financing; process and development management.

client: Hope & Main, a non-profit

scale of investment: $3.5mm; construction begins in the Spring of 2013 

program: A series of adaptive reuse development investments in historic Downcity Providence.  The multi-year effort includes numerous buildings and properties as part of a strategic development initiative to increase residential and retail options within the central urban neighborhood, and to foster economic vitality.

role: Development; feasibility; economic analysis; acquisition; due diligence; property tax strategy; budgeting and pro forma creation; capital structuring (debt, equity and tax credits); process management. 

client: Cornish Associates is a for profit real estate development company committed to the principles of New Urbanism and to the over-arching mission of creating diverse, walk-able and sustainable places.  Cornish currently has a portfolio of approx. 200 apartment units in Downcity Providence and leases and manages roughly 50,000 square feet of local retail.  The firm also has recently redeveloped a downtown parking garage to reposition the asset and to further revitalize the streetscape. 

scale of investment: Multiple projects ranging from $9mm-$50mm

111 Westminster Street, Providence ("Superman" Building)

program: Iconic 400,000⁺ square foot historic commercial building in the Financial District of Providence is completing a feasibility study to outline opportunities to reposition or to redevelop the property.

role: Feasibility analysis; market; economic analysis; budgeting; pro forma creation.

client: Property owner

scale of investment: Project represents $100mm⁺ in potential investment. 

ilk Alliance

        program: For-profit collaboration to help institutions (primarily colleges and universities) generate revenue from dormant real 
       estate assets, and to reposition underutilized assets for private hospitality and residential uses. 

role: Business planning; strategy; economic analysis; site identification; programming; budgeting; pro forma creation and management; investment and capital structuring; capital sourcing; development and process management.

scale of investment: Varies. 

Gold Seal Enterprises  - Winery and vineyard redevelopment

program: Adaptive reuse of a large-scale, historic, abandoned lake-front winery in the Finger Lakes Region of NY into destination lodging, conference and business center and residential/cottage community.  Project is deemed a major economic development initiative and is incorporating the local wine industry into a regional hub for commerce.

role: Business planning; strategy; market analysis; feasibility; programming; all aspects of development and financial consulting. 

client: Property owner

scale of investment: $50⁺mm

Mashpee Commons Extension

program: New development of mixed use, mixed income/affordable, multi-phased project of up to 300 residential units.  Project is the continuation of a well-established, award winning new urbanist, retail-focused property on Cape Cod. (40-B project.)

role: Economic analysis; budgeting; pro forma; capital structuring; regulatory and policy issues regarding affordable and mixed income housing.  

client: Mashpee Commons

scale of investment: $50⁺mm

        program: Proposed 124 residential unit adaptive reuse of former industrial buildings and a 6⁺ acre waterfront campus in 
        Providence.

role/partnership: Joint venture with a for profit development and property management firm.

background: Prior to the joint venture, Rustpoint managed all aspects of an 18-month effort to develop the property into a mixed income/affordable apartment building, as well as an additional 75 new construction units and 50,000 SF of commercial space.  The development stalled after securing LIHTC and other funding sources and entitlements.  Previous client was McCormack Baron Salazar of St. Louis in partnership with Olneyville Housing Corp.

        scale of investment: $31mm
 

Woonasquatucket Urban Environmental Education Center

program: Public/private partnership to create classrooms, workshop space, bike shop, offices and recreational storage within a target 'net zero' energy usage building.  Located in a public, riverfront park and within a Brownfields site.

role: Programming; development; regulatory; economic analysis and budgeting; critical path; project/process management.

client: WRWC, a 501c-3

scale of investment: $4.2mm program

East Bay Energy Consortium

program: Proposed development of a public/private, 25 MW wind energy facility on behalf of eight municipalities in the East Bay of Rhode Island. 

role: Project management; critical path; stakeholder engagement; community outreach and presentations; economic analysis.

client: East Bay Energy Consortium (EBEC)

scale of investment: $55mm

Gehring Green

program: 65 unit smart growth/pocket neighborhood.  Includes the historic rehabilitation of a dilapidated mansion and grounds with the addition of a new cottage community.  In town, walk-able village that services ski areas and Main Street in Bethel, ME.

role:  Development; programming; budgeting; pro forma; financing. 

partner:  Minority owner

scale of investment: $16mm 

Providence Gateway Plan/'Shooters'

program: Conceptual development plan and strategy for high profile waterfront parcel in Providence. 

role:  Business planning; case study research; stakeholder outreach; feasibility; programming; regulatory; economic and development.

client: Head of the Bay Gateway/Fox Point Neighborhood Assn. (with funding via the City of Providence)

International Charter School 

program: 110,000⁺ square foot public charter school and campus.  School is now located in Pawtucket, RI and is in the process of relocation and expansion.

role: Planning/strategy; process management; programming; regulatory, economic and development; site evaluation.

client: International Charter School (ICS)

scale of investment: $15-35mm