Real Estate Development

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Real Estate Development Reuse

• Ohio Economic Development Association
• March 26, 2009

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What Development Opportunities Exist in Your
Communities?

• Redevelopment of existing buildings?
• Redevelopment of brownfield sites?
• Development of greenfield sites?
• Industrial, office, flex, commercial,
  residential, mixed use

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Todays Agenda

• Site Market Analysis
• Development Avenues
• Weighing Options
• Tools Available
• Promoting the Project

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Site Market Analysis

• What are the opportunities for my site?
• What differentiates my site community from
  competitors?
• What obstacles need addressing?
• Weighing options

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What Opportunities Exist?

• Loopnet, Costar
• Brokerage reports
• Interviews with brokers
• Market studies
• Traffic counts

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What Differentiates My Site Community?

• Access
• Taxes
• Utility rates
• Rail
• Size

• Cost
• Readiness
• Labor force
• Market
• Other

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Obstacles?

• Utilities- in place AND adequate capacity
• Land assembly
• Environmental / wetlands
• Zoning
• Funding
• Community

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Weighing Options

• Cost/benefit analysis
• Economic impact analysis
• Expected value
• Community Fit
• Impact on future developments
• Ability to complete

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Development Avenues

• Community acting as developer
• Involving a development partner
• Engaging an end-user

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Considerations

• Control and flexibility
• Experience, market knowledge, contacts
• Political process
• Financial investment
• Time
• Interest of development partners

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Available Tools- Local

• Tax Increment Financing
• EZ /CRA
• Job grants
• Loan Grant Programs

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Available Tools- State

• Roadwork Development (629)
• Industrial Site Improvement Fund (ISIF)
• Job Ready Sites (JRS)
• Clean Ohio (COAF/CORF)
• State Historic Preservation Tax Credits (SHPTC)
• Rapid Outreach (RO)

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Available Tools- Federal

• EPA Grants (EPA)
• New Market Tax Credits (NMTC)
• Historic Preservation Tax Credits (HPTC)
• Historic Easements

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Available Tools by Phase
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Promoting the Opportunity

• Targeting
• Partners- fit, specialties, network
• Familiarization tours
• Property listing services
• Brokers
• E-mail print marketing
• Internet presence

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Contact Information

• Dennis McAndrew
• Silverlode Consulting Corp.
• [phone] x 202
• dennis_at_silverlodeconsulting.com
• www.silverlodeconsulting.com