PORTLAND, OREGON BUSINESS
ALLIANCE AND PORTLAND
DEVELOPMENT COMMISSION:
A comprehensive study of housing
market trends and a 5-year
demand forecast for housing by
price point in downtown
Portland, Oregon. The
study identified several
barriers to development of
affordable workforce housing in
downtown Portland, estimated the
cost to develop affordable
housing and the needed public
subsidy to support new
construction. Further, the
analysis included an economic
impact study which measured the
economic benefits of increasing
the supply of affordable
workforce housing in downtown
Portland, and then measured this
impact against the needed
subsidy to support new
construction. The report
documented the return on
investment (workforce housing
development subsidies and
incentive programs) from the
standpoint of local government.
THE FAMILY HOUSING FUND, THE
MINNESOTA HOUSING FINANCE
AGENCY, THE METROPOLITAN
COUNCIL, AND THE MINNESOTA
MULTI-HOUSING ASSOCIATION:
A study of the economic impact
of the lack of affordable
workforce housing in the Twin
Cities Metropolitan Area.
This study measured the current
and future demand for affordable
housing in the metro area, as
well as cost to produce such
housing, the level of subsidy
required to support this
construction, and the return on
investment this investment.
BEAUFORT COUNTY, SOUTH CAROLINA:
Completion of a for-sale and
rental housing needs assessment
with detailed 5-year demand
projections and development
recommendations by price/rent
and location for Beaufort
County, South Carolina.
This coastal South Carolina
County includes the Hilton Head
area, which has seen rapid
resort and high-end residential
development during the past five
to eight years. Meanwhile,
a growing share of the workforce
is effectively being priced out
of the local housing market, to
the point where many of the
Hilton Head area workforce is
commuting long distances to more
affordable housing in adjacent
counties. GVA developed a
demand forecast and development
recommendations for Beaufort
County over a five year period,
assisted in identifying the
primary barriers to development
of affordable housing in the
county, and suggested strategies
for reducing or eliminating many
of these barriers in support of
affordable housing construction
in the years ahead.
CITY OF ST. LOUIS PARK,
MINNESOTA:
Market feasibility study and
development recommendations for
a proposed mixed-use
redevelopment project at
Excelsior Boulevard and France
Avenue in St. Louis Park.
SHERBURNE COUNTY, MINNESOTA:
Retail market analysis and
development forecast on behalf
of Sherburne County. This
study provided an assessment of
population, household and
employment growth trends, as
well as consumer spending
activity. GVA developed a
forecast of retail and office
space development and land
absorption, which will be
utilized by the County in
developing land use plans and
zoning throughout the County.
CITY OF HASTINGS, MINNESOTA:
Market feasibility study related
to a proposed boutique hotel and
banquet hall on a redevelopment
site on the Mississippi River in
downtown Hastings, Minnesota.
GVA Marquette provided a
thorough assessment of the
market realities related to the
potential for hotel and banquet
hall construction, which was
used by the Hastings HRA and
downtown business association in
developing a framework for the
redevelopment of its historic
downtown. In addition to
providing a comprehensive market
study, GVA led numerous public
meetings, focus groups and
presentations in the community.
City of St. Paul, Minnesota:
Market
study analyzing for-sale and
rental housing in Downtown St.
Paul. Market study
projected demand for additional
housing construction and
recommended an appropriate
housing mix to guide
redevelopment planning by the
St. Paul PED.
CITY OF MINNEAPOLIS, MINNESOTA:
A feasibility study for a
proposed luxury high-rise to be
constructed in conjunction with
a new library and planetarium in
downtown Minneapolis, Minnesota.
CITY OF FRIDLEY, MN:
A feasibility study for a
proposed mixed-use redevelopment
project on a site in Fridley,
Minnesota. The proposed
project included 50,000 square
feet of street-level retail and
restaurant space, with
residential condominiums in the
upper three stories of two
proposed buildings.
City of Anoka, Minnesota:
A study of residential and
commercial real estate market
trends in the Downtown Anoka
area. Based on a review of
demographic trends and the
market situation, projected
demand for additional retail and
office space and housing units
in Downtown and evaluated the
redevelopment potential of
Downtown and multiple sub-areas
in Anoka.
Winona Area Joint Coordination
Committee,
Winona,
Minnesota:
A study of housing and
economic/industrial development
in Winona County.
Recommended an appropriate
housing mix for the County to
support economic and employment
growth. Projected
residential and industrial land
absorption and evaluated the
appropriateness of sub-areas in
the County for residential and
industrial development.
Austin Housing and Redevelopment
Authority,
Austin, Minnesota:
A feasibility study for a
proposed rental housing
development in Austin. In
addition, an assessment of the
for-sale housing market in
Austin. Calculated demand
for for-sale housing and
recommended an appropriate mix
of housing at various price
points based on an evaluation of
household incomes and
business/employment growth
trends in the community.
DEVELOPERS/INVESTORS/LENDERS
ROTTLUND HOMES, WELSH CO., &
ROSEVILLE PROPERTIES:
Market assessment and demand
analysis for
Twin Lakes,
a proposed mixed-use
redevelopment project at County
Road C and Cleveland Avenue in
Roseville, Minnesota. The
proposed development program
included 490 for-sale townhouse
and condominium units, 240 units
of senior housing, 317,000
square feet of retail and
restaurant space and 221,000
square feet of office space.
GVA Marquette Advisors provided
an analysis current and
projected market conditions, and
provided a demand forecast for
each of the proposed development
components to determine whether
there was sufficient market
support for the project.
HINES:
Market study and development
recommendations for proposed
550-unit apartment community in
downtown Minneapolis, Minnesota.
HANS HAGEN HOMES:
Market study and consulting
services regarding proposed
rental townhomes and apartments
within
The Lakes
of Blaine.
OPUS NORTHWEST, LLC:
Market feasibility study and
development recommendations for
a proposed luxury apartment
community within The Bridges
at Arbor Lakes in Maple
Grove, MN.
SHELTER CORPORATION:
Market study, rent and occupancy
projections for the
Burnsville/Savage rental market
and Shelter-managed apartment
communities,
Dakota Station
and
Winfield Townhomes.
DUKE REALTY:
Preliminary market assessment
and development recommendations
for a proposed mixed-use
redevelopment project on a site
near the I-394/Hwy. 100
interchange in St. Louis Park,
Minnesota. Study included
an analysis of for-sale and
rental housing, hotel, retail
and office development
components.
T.E. MILLER DEVELOPMENT:
Market study and development
recommendations for a proposed
33-acre redevelopment project at
I-35 and Penn Avenue. GVA
provided a detailed assessment
of residential, retail, office
and lodging market trends and
provided specific phased
development recommendations for
this prime site along the I-494
strip in the Twin Cities metro
area.
