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Chns Brewer
<br />Downtown Corridor Master Plan Market Analysis, Kansas
<br />City, MO
<br />For the Civic Council of Kansas City, Mr. Brower completed a
<br />real estate market assessment in support of the downtown
<br />corridor master plan. The effort focused on opportunities for
<br />redevelopment along Grand Boulevard and Main Street, which
<br />link together several distinct downtown neighborhoods.
<br />Downtown Market Analysis and Master Plan, Clayton, MO
<br />For the City of Clayton, an affluent suburblbusiness center in
<br />Metropolitan St. Louis, Mr. Brewer completed an analysis of
<br />market opportunities for the downtown area, focused on retail,
<br />residential, and office market development. The analysis
<br />looked at opportunities for development associated with
<br />proximity to the new MetroLink light rail station that opened in
<br />downtown Clayton.
<br />Downtown Market Analysis, Concord, NC
<br />For the City of Concord, NC, a suburb of Charlotte, Mr. Brewer
<br />completed an analysis of Downtown market opportunities,
<br />building from a detailed inventory of downtown commercial
<br />space. The assessment highlighted modest vacancy levels for
<br />street level space, offset by increased vacancies for upper
<br />floors. The analysis also identified a surprising concentration
<br />of office space in the downtown area, anchored by county
<br />administrative and legal functions, which was driving relevant
<br />lunch and dinner business. Recommendations focused on the
<br />need to further develop store clusters in restaurants, apparel,
<br />and home furnishings, and expand on entertainment options.
<br />Discussion also focused on the future role of the downtown
<br />business improvement district.
<br />Downtown — College Towns
<br />Downtown /Urban Village Market Analysis, State College,
<br />PA
<br />For the Borough of State Collage, Mr. Brewer completed a
<br />market study and redevelopment plan for the Urban Village
<br />neighborhood, which is directly adjacent to both downtown
<br />State College and Penn State University campus. The effort
<br />built from a full inventory of downtown retail and residential
<br />Space, as well as assessment of retail spending potentials for
<br />the historic neighbourhood, along with linkage to downtown,
<br />and the impact of its significant student population on retail
<br />spending.
<br />Downtown Durham Adaptive Reuse Analysis, Durham, NC
<br />Working with the City of Durham, Mr Brewer completed a
<br />financial review of the adaptive reuse of several historic
<br />R6sum®
<br />tobacco warehouses in downtown Durham called West Village
<br />Phase II. The financial analysis incorporated a review of
<br />developer financial assumptions, interviews with downtown
<br />development officials, and analysis of competing adaptive
<br />reuse projects, including American Tobacco as well as the
<br />Phase I component of West Village. Secondary data regarding
<br />market real estate performance, including vacancy, demand
<br />drivers, operating expenses, lease rates, and market
<br />segments, was collected. The approach also reviewed the use
<br />of historic tax credits and assessed benchmark developer
<br />returns on investment, assuming both 100% equity investment
<br />(unieveraged) and a combination of debt and equity investment
<br />(leveraged). The above steps were used to help develop a
<br />preliminary financial analysis of the Phase II project. Based on
<br />this analysis, the City moved to approve an agreement with the
<br />developer to move the project forward, with completion and
<br />occupancy by 2008.
<br />Maguire Street Corridor Analysis, Warrensburg, MO
<br />As part of a larger team, Mr. Brewer was engaged by the City
<br />of Warrensburg to evaluate the demographic, real estate
<br />market, and financial implications for Maguire Street, otherwise
<br />known as Business Route 13. The corridor, a long- standing
<br />connection between Kansas City and resort destinations such
<br />as Truman Reservoir and Lake of the Ozarks, has for many
<br />years carried considerable local and regional traffic. For this
<br />reason, MoDOT is in the process of building an eastern by-
<br />pass route for Highway 13. When the bypass is completed in
<br />2 -3 years, ownership and maintenance costs for the existing
<br />business Route 13 will be conveyed from MoDOT to the City of
<br />Warrensburg. The City is motivated to plan the future of the
<br />corridor, to understand how changing traffic levels will impact
<br />land use, adjacent neighborhoods, and the Central Missouri
<br />State campus.
<br />Downtown Master Plan Market Analysis, De Pere, WI
<br />For the City of De Pere, a suburb of Green Bay, Mr. Brewer
<br />completed an evaluation of the downtown area on both sides of
<br />the Fox River, covering retail, office, and residential markets.
<br />The approach included a detailed inventory of commercial
<br />space in the downtown area, as well as identification of
<br />demand drivers that would influence market opportunities.
<br />Demand drivers associated with tourism were evaluated,
<br />covering broader visitation to the Upper Peninsula and Door
<br />County, as well as demand linked to the Fox River. The impact
<br />of St. Norbert College was specifically evaluated, covering the
<br />seasonality of students, and the overall direction of university
<br />policy as it related to downtown revitalization.
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